STEEM/USD shows strong bottom support in descending triangle. Briefly tested upper resistance on 4 hour chart today before entrancement but still trying to break out. Watch closely as a strong push past $1.25 - $1.30 will likely set up for a 40% gain before the next key resistance around $1.80.
Decent chance we see $2 STEEM in the coming week.
If it breaks...
6 month descending triangle expected to break up or down before year end. 1 month bullish channel forming which could create a buy opportunity upon breaking the upper bound of the triangle.
Buy around $1.10 - $1.30
Make Buy/Sell decision before $1.80
Make Buy/Sell decision before $2.90