Steem is bouncing up against the final moving average before clear sailing

I won't call it a blue sky breakout because it's not technically that.

A blue sky breakout is when price makes new highs and there is nothing on the chart to slow it down.

It's all blue skies.

Right now on steem, we are a long ways from the highs, but we are about to break the cluster of moving averages that have been providing resistance on the weekly chart.

Check it out:

(Source: https://www.mexc.com/exchange/STEEM_USDT?_from=search_spot_trade)

It steem can break above this last moving average if would be the first time steem was above this moving average in more than a year.

The last time steem was above that moving average was in November of 2021.