Steem Breaks Out!
The triangle pattern that has been forming on STEEM has broken out! @haejin posted about it here just yesterday, and today we have seen the result of the triangle pattern:
MACD gives us a bullish reading, but the RSI is a little overbought on my 1 hour chart. So we may see some resistance and/or consolidation in the shorter term, but longer term this is a great sign that a new wave higher is on the cards!
Happy New Year Steem!
For more great technical analysis and crypto related posts, see also: @toofasteddie, @gazur, @ew-and-patterns, @pawsdog, @cryptomagic, @exxodus, @beiker, @allthereisislove, @lordoftruth, @masterthematrix, @cryptoheads and @tombort
Not intended as investment, financial or trading advice.