SUMMARY
STEEM is setting up a very long and powerful Bull Flag as shown below. This has retraced about 50% of the prior rise which is a very common Fibonacci zone. Once price turns, it'll be violent but in the upward direction. So, BTFD!! Buy the Freaken Dip! Note how price exploded out of the prior triangle, near vertically. Such vertical moves are not sustainable and that's why STEEM needs these three steps forward and one step back type of advance-consolidation steps. So, EXPLOSION is IMMINENT!! $14 could be Dead Ahead!!
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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Legal Disclaimer: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**