Steem this morning finally broke through our trend line that it had been testing for the last couple weeks. It is a little too early to guess where it will go from here as it could break through the trend channel again and continue its bullish pattern. I am waiting to see resolution of this move before I would make any moves trading it.
I believe we will see STEEM continue to test this trend line for the time being as we should see the price climb back into the $5 range.
I will post updates as the day progresses and see if the trend continues.
If you like my analysis and you are trading the cryptos I do a daily analysis on Litecoin as well on my blog. I will do an analysis of the top comment so choose the crypto or stock you would like to see analyzed and comment it below.
Informing, as always!
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