SUMMARY
The below projections were made over a week ago. The fractal analysis was introduced even before. One of the recent events that just arrived was the listing of STEEM on Huobi and yes, many are attributing the current rise to exactly that; however, the forecast was made much before the event. This is the bread and butter for any Technical Analyst and is exactly what RN Elliott had taught.
Price has been adhering to the white arrow quite well and I believe now the fractal is very likely to complete very soon. Perhaps before the month of April ends. The rise is expected to be in an impulse sequence of five waves
Here is the weekly MACD of STEEM. Soon, a buy signal will occur where the white 12 week moving average will cross up through the 26 week red line moving average. Likely, this will support some phenomenal price rise into July and after a correction, continue the orgasmic upward lunges until early 2019.
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