Crypto Contest January 21: Steem

Steem (OpenLedger DEX: STEEM/BTS) 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 wave one advance in December 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in April 2018, and the red wave two (blue sub-waves a-b-c) correction ended in December 2018. If this wave count is correct, Steem should be heading next towards the April 2018 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Steem is a social blockchain that grows communities and makes immediate revenue streams possible for users by

About the author: Markus Aarnio

I have 20 years of investing experience. I have traded stocks, commodities, cryptocurrencies, and forex markets.