Yesterday was a down day for Steem, down 3,6% but we are really just going sideways at this time. What is happening is that we are gathering strength for another move and that could happen pretty soon. Here is the daily chart:
Comment: If you look at the chart you will notice a descending trendline and that is the one we will have to penetrate. As soon as we will get a daily close above 4.25 or so, we should be good to shoot way higher.
But that may not happen today or tomorrow according to the Gann Box. It should occur somewhere around the 9th of May and that would be the beginning of next week.
The good news here is that Bitcoin continues to charge higher, so I dont see any loss of momentum anytime soon.
Happy Steeming!