Steem is in rude health!
As an avid trader in both the cryptos and the forex markets, it's well know that most instruments spend their time in consolidation mode between break outs and Steem in no exception.
Having watched the daily charts for some time, the average time Steem spends in consolidation mode is around a month at a time - looking at previous past data.
Steem has currently been in consolidation mode now for around 11-12 days and I believe it has another 12-14 days before it starts to form its bullish flag pendant before the next upside breakout.
Steem in consolidation mode on the Bittrex dailies.
Moving averages. Check!
I predict that this break is going to happen within the next 2 weeks, so by June 1, I fully expect Steem to be above $1 and heading for the $1.05 resistance for consolidation purposes.
The 50 Day moving average which is one of my favourite MAs looks nice and solid and is constantly rising which is an excellent indicator for forward momentum.
@mindhunter ADVICE: Get in on Steem at the low 90 cents and get ready to ride the breakout wave to the upside above $1 which will happen within the next 2 weeks. GET THE SURFBOARDS OUT AND STEEM ON! ... I'm off to buy another 100 Steem!