Crypto Contest March 25: Steem

Steem (STEEM/ETH) has broken out of the wedge pattern in the one-hour chart.

(Chart courtesy of Tradingview.com)

In Elliott Wave terms, I believe Steem began a five wave advance on March 16. The wave five finished on March 18, and the three wave correction ended on March 24. If this wave count is correct, Steem should be heading next towards the March 18 peak.

(Chart courtesy of Tradingview.com)

If you think this analysis is correct, upvote this post and upvote the comment "Steem will takeout the March 18 peak".

If you think this analysis is wrong, upvote this post and upvote the comment "Steem will drop below the March 16 low".

If you think Steem is in a range, upvote this post and upvote the comment "Steem will stay in a trading range between the March 16 low and the March 18 peak until April 25".

You can upvote the comment until 3 PM EST March 26 and you can upvote only one comment. 200% of Steem (2 X 5.483 STEEM + 0.333 STEEM) from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first). Only participants with a Reputation of 35 or more will qualify in the contest.