Steem Is Breaking Out Again... Up More Than 12%

Finally, Steem is breaking out, again. It is up 12% against the dollar and 7,5% against Bitcoin. So, will this be the real breakout? Lets have a look at the daily graph:

Comment: As you can see, we have broken out from the descending trendline and we are also above the bollinger band median. Both of these are good signs and in addition to this we have also gone up above 20 on the Stochastic. So, I do think it is looking good, but it is still too early to tell if this is "the one". We have had so many failed breakout attempts but since Bitcoin is kicking ass again we do have a lot of momentum going into this attemp so I am more optimistic this time.