I did STEEMBTC for you but somebody requested the Tether pair, STEEMUSDT... And here you have it, the chart looks great.
We already have 6 weeks of bullish consolidation. Consolidation as prices slowly climb higher.
We also have a double recovery here. STEEMUSDT moved to hit new lows between Nov-2022 and Jan-2023. In late Dec-2022 a new All-Time Low was hit. By mid-January 2023, STEEMUSDT is now back above the May 2022 and June 2021 strong support.
4 Weeks green above these important long-term support levels and also above EMA10 and EMA21 which work on the short-term.
The doors are open for long-term growth, the initial wave can go for 1-2 months before any major correction happens...
It will be exciting. There will be greed and euphoria, people rushing to buy anything and everything they can.
It will reverse and come down crashing but this time we are safe thanks to higher lows and the projected long-term growth.
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