Technical Analysis: Steem - March 2nd

While we are waiting for Steem to make its big breakout move up, we should see Steem rise to test this resistance line. As you can see in the chart, this line has been a significant point which has acted as both support and resistance and price has bounced off this line for the past week consistently. There is a strong bullish case for Steem long term but short term we will most likely continue to see these sideways moves with little movement up or down.