As the price of Steem continues to consolidate above a rising 200dMA, is a breakout to the upside on the cards for Steem in the near term? Current Price = $0.202391 (+3.28%).

#Promo-Steem - Promoting #Steem around the World

#Steem - Technical Analysis

As the price of #Steem continues to consolidate above a rising 200dMA (yellow line), is a breakout to the upside on the cards for #Steem in the near term?

Yes, the chart would suggest so.!!

#Steem - Technical Breakout

This technical signal was also confirmed on Monday 29th June 2020 when the rising 200dMA (yellow line) past through the slowing down 365dMA (red line).

The technical signals can be seen clearly in the Chart below.

Current Price = $0.202391 (+3.28%).

Long Term Bullish with a potential near term breakout to the upside.

#Steem - Chart

#Steem - Chart (Close Up)

#Steem - dMAs

#Steem - Price

#Steem - Summary

#Steem - Remains Long Term Bullish

As the price of #Steem continues to build a Bullish Technical Chart Pattern the analysis for #Steem remains Long Term Bullish.

Current Price = $0.202391 (+3.28%).

Keep an eye out for a technical breakout soon.

Thanks again for reading.

Stephen

#Promo-Steem - Promoting #Steem around the World