Technical Analysis: Steem - Feb 15th

Steem is still rising as it nears the upper resistance set at $4.81 level. We should see Steem test this level out in the next couple days and if it does in fact take it out expect to see a slight pull back and then another impulse move upward. In order for Steem to get out of its current bearish trend, we need to see it take out the prior high.

For those trading Steem or looking for an entry point to get in I would wait until Steem tests this resistance line and if it breaks through wait for the initial flag and then enter before the next impulse move up.