Technical Analysis: Steem - Feb 16th

Steem is still on a very slow move upwards as it nears the $4.83 resistance line. We will need to see the price break through this resistance before we can make any assumptions as to where Steem might go. Personally I am more bullish than bearish on Steem as I believe the price will follow the other cryptocurrencies as they start to rise again. We have seen significant moves across many major cryptocurrencies with gains of 30% and more in a day. Look to see Steem start to follow suit as sentiment towards cryptocurrency starts to change as more and more cryptocurrencies get adopted into the current economy and society.