👊🏻"Steem" 🔥range on 💥monthly chart

Greetings to the entire Tron Fan Club community. Today I'm reviewing the monthly Steem chart and will share its performance from April 2022 to the present.

Crash to $0.145

Steem suffered a 78% crash from April to December 2022, going from $0.66 to $0.145. This was a 244-day downward trend, with the price continuing to fall for almost a year.

If we look at the price on the weekly chart, there is a large red candle that began the first week of November 2022,
however, the price slows and stops falling.

3-month bullish momentum

The price rose 94% to $0.35 over the next 4 months, although it did so with a large wick in the last month.

The weekly chart shows us an "evening star" at the end of February 2023, marking a downward path for the following months.

78% Retracement

"Steem" drops from $0.24 to $0.15, almost reaching a low but not surpassing it. It's a long six months, and it stops in early September.
"Steem" was preparing for a very powerful bullish move in the following months.
Waves 1 and 2 were already in place, and wave 3 was just beginning to emerge.

Bullish Momentum to $0.35

"Steem" takes off from $0.15 to $0.35, completing a 5-wave movement that ends at the end of March 2024,
achieving an 80% increase in 6 months.

The price plummets and reaches new lows.

The next six months are a free fall that ends at the end of August 2024. After a major bullish wave,
"Steem" drops to $0.14, and it seems all is lost.

"Steem" tries to rise but collapses

A four-month accumulation began in August and ended in November 2024. The price rose to $0.37 and then fell back to new lows.

The truth is that Steem continues to bounce around $0.14 and hasn't been able to break above $0.35 since December 2022.
Let's hope the whales accumulate Steem and the price begins to take off above $0.35.
Have a great day, and we'll see you soon.
None of this is investment advice; it's merely educational material. Only invest money you're willing to lose.

All images were obtained from here: "Binance"