22 May : Technical analysis - Bullish overview

We entered a very bullish movement since the price went over the 50 MA line (red line) on high volume. The trend is accelerating, meaning that we are nearing a parabolic move and the possible climax run to new highs. The RSI is high but not yet overbought, once it reaches the overbought territory the price will correct as it did previously.

Let's not forget that STEEM is following the global crypto trend that is moving higher. For as long as cryptos are going up STEEM should follow and go up. My next target for STEEM is 2 USD if the crypto market don't correct in the mean time, we could even see 3 USD in the next 60 days.

Please, do not forget that anything can happen at any time, there is no sure science in trading.

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