Let's keep it simple for Steem (STEEMBTC) shall we?
Here we have an ascending trendline on the bottom where I marked mutiple higher lows... It is also clear that we are having higher highs so STEMMBTC is on an uptrend now.
After the low trendline was hit, a strong high volume bounce took place and prices are now trading above resistance.
Just like I mentioned in my previous post about ERDBTC, STEEMBTC is very likely to produce an "impulse move".
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Previous analisys | Apr 3 💥 Steem Uptrend Is Secured, Bullish Comes Next by Request