Applying Elliot Wave to Altcoins is always tricky because of the lower volume and low liquidity. However STEEM seems to be coming to the end of its correction, or atleast the first part.
A first ABC seems to be completed and we'll get atleast 3 waves up in the near future (we need 5 waves up to confirm this).
This then might form an X wave for a double or potential tripple correction. This correction will most likely be sideways and form a trading range. Or the first three waves up, could be part of 5 waves up, which would mean another bull run. Targets of this bull run could go a lot higher than previous highs.
This is not trading advice. Elliot wave needs constant re-evaluation.
I hope it falls,so i can buy cheap! :)
That's the spirit!
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