Steem (Binance: STEEMETH) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, STEEM began a red wave one advance on February 26. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on March 19, and the red wave two (blue sub-waves a-b-c) correction ended on April 23. If this wave count is correct, STEEM should be heading next towards the March 19 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
You can find the latest Hive vs Steem stats from @penguinpablo below.
(Sources: https://hive.blog/hive-133987/@penguinpablo/hive-vs-steem-stats-friday-may-15-2020)
How Will Steem Trade?
Steem (Binance: STEEMETH) daily chart by Tradingview.
(Chart courtesy of Tradingview.com (log scale))
Prizes
I will be giving upvotes to the correct answers with minimum reputation of 25.
Rules
This poll will expire in one week. Only one vote per person.
Which one will happen first?
Please select one of the three choices and comment below.
STEEM will takeout the March 19 peak
STEEM will drop below the February 26 low
STEEM will stay in a trading range between the February 26 low and the March 19 peak until June 23
Posted Using LeoFinance
STEEM will stay in a trading range between the February 26 low and the March 19 peak until June 23
Correct. Upvoted your comment:
https://hive.blog/hive-167922/@voice71/qc6bfq
STEEM will drop below the February 26 low
STEEM will stay in a trading range between the February 26 low and the March 19 peak until June 23
Correct. Upvoted your comment:
https://hive.blog/hive-167922/@pipp/qc617m
STEEM will takeout the March 19 peak
STEEM will stay in a trading range between the February 26 low and the March 19 peak until June 23
Correct. Upvoted your comment:
https://hive.blog/hive-167922/@muscarno/qc4x6f
STEEM will stay in a trading range between the February 26 low and the March 19 peak until June 23
Correct. Upvoted your comment:
https://hive.blog/hive-167922/@koskl/qc6dnl
STEEM will drop below the February 26 low
STEEM will stay in a trading range between the February 26 low and the March 19 peak until June 23
Correct. Upvoted your comment:
https://hive.blog/hive-167922/@frit/qc5qad
STEEM will drop below the February 26 low
STEEM will drop below the February 26 low
STEEM will drop below the February 26 low
STEEM will stay in a trading range between the February 26 low and the March 19 peak until June 23
Correct. Upvoted your post:
https://hive.blog/hive-126009/@toofasteddie/quick-trade-on-iost-usdt
STEEM will takeout the March 19 peak
STEEM will stay in a trading range between the February 26 low and the March 19 peak until June 23
Correct. Upvoted your post:
https://hive.blog/hive-167922/@funnel/paparino-lottery-draw-week-65-guaranteed-prize-pool-33-322-steem--15-891-sbd--2-375-hbd--72-695-leo-no-upvote-no-resteem-no
STEEM will stay in a trading range between the February 26 low and the March 19 peak until June 23
Correct. Upvoted your comment:
https://hive.blog/neoxian/@gregory-f/qceczc
STEEM will stay in a trading range between the February 26 low and the March 19 peak until June 23
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.STEEM will drop below the February 26 low
STEEM will takeout the March 19 peak
STEEM will takeout the March 19 peak
STEEM will takeout the March 19 peak
STEEM will drop below the February 26 low
STEEM will takeout the March 19 peak
STEEM will drop below the February 26 low
STEEM will stay in a trading range between the February 26 low and the March 19 peak until June 23
Correct. Upvoted your comment:
https://hive.blog/hive-167922/@seemoon/qc7yfe
STEEM will drop below the February 26 low
STEEM will takeout the March 19 peak
STEEM will drop below the February 26 low
STEEM will takeout the March 19 peak
STEEM will stay in a trading range between the February 26 low and the March 19 peak until June 23
Correct. Upvoted your comment:
https://hive.blog/hive-167922/@dangerousattack/qc80ew
STEEM will stay in a trading range between the February 26 low and the March 19 peak until June 23
$rewarding 70
The reward of this comment goes 100 % to the author fredkese. This is done by setting the beneficiaries of this comment to 100 %.
STEEM will takeout the March 19 peak