STEEM Short Term Target $3.04 (300% Profit Potential)

SUMMARY

I want to use this blog post to show STEEM's similarity to ZEN (this part is detailed in the video) and drill down to the finer Elliott Wave counts that portend that the bottom is in and a rise is to start. The below chart shows how the red a,b,c has morphed into a complex correction of white W,X,Y. The terminal end of this correction is displaying a symmetrical triangle.

A deeper chart resolution shows that the triangle can be labeled as an a,b,c,d,e. And if the bullish wick (brief piercing of bottom support line) represents the bottom, a price increase...no a surge should take place.

The below chart is a micro count on a confirmation of an impulse set of micro waves that should take price out and above the upper line of the triangle.

Here is the daily chart showing the bigger picture. I believe the bottom is in, if not will be very soon and it's NOT a matter of IF but rather WHEN STEEM will surge in orgasmic lunges towards the short term target of $3.04

Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial
Laddering and Buy/Sell Setups.
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: [Elliott Wave Priniciple & Technical Analysis of Stock Trends !](https://steemit.com/bitcoin/@haejin/n98sk-haejin-s-ta-book-recommendations-for-elliott-wave-and-chart-pattern-recognition are highly recommended
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Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**