STEEM is forming the second bull flag after the recent drop. The volume is increasing as the RSI is moving up and the MACD is close to crossing bullish.
STEEM has been positive for the last three days but is far from retracing the drop.
STEEM did test the near term resistance at $0.14.
I have no feel for the next move but based on the MACD and RSI I would put the odds for the next move as bullish.
How positive are you to Steemit in the long run?
I honestly do not know. Initially I didn't think the model would work without advertising and thus thought it would die. I hope it will survive but the user base is gotten so low. I can't see how it survives unless Steemit gets more users. What do you think?