![Analysis logo.png](https://cdn.steemitimages.com/DQmbr6sL1CCknNr63LcQhWD4G9CE1R6p5iKrebioH73BGUj/Analysis%20logo.png)
### STEEM is operating within a wedge. It could break up or down in the very near future. My bias is a break down to the 15.6K-15.0K satoshi support zone...although a bear trap is possible.
![Screen Shot 2018-08-06 at 9.59.28 AM.png](https://cdn.steemitimages.com/DQmVRXt36dZdtAXmDDJfP6YTMUBQQXJnk3jdyXJdgr4DLPo/Screen%20Shot%202018-08-06%20at%209.59.28%20AM.png)
### Zooming out to the daily chart, we can see clear hidden bearish divergence on the Stoch RSI. 
![Screen Shot 2018-08-06 at 10.00.59 AM.png](https://cdn.steemitimages.com/DQmdBG9qK23XY11T3FNkbpDekERiisJhkipoZDw2yYTbNv1/Screen%20Shot%202018-08-06%20at%2010.00.59%20AM.png)
### Viewing the larger picture, STEEM has been operating within a wedge, creating lower highs and higher lows. As it approaches the apex of this wedge, a breakout becomes more likely. My bias is, STEEM will breakout and up sometime mid to late September. 
![Screen Shot 2018-08-06 at 9.59.01 AM.png](https://cdn.steemitimages.com/DQmcTnL4DMUyXdL6MJYtgRrDey2M6DetJJpkmxneQi4Aow5/Screen%20Shot%202018-08-06%20at%209.59.01%20AM.png)
### In today’s video analysis I discuss possible trade setups, how price may react to different scenarios, traps to avoid and MUCH more. If you’re not watching my videos, you’re only getting a small part of the story. 
## Video Analysis:
https://youtu.be/mfe4-QbnK9k
#### *If you’re viewing this on a site other than Steemit, and you don’t see the above video, navigate to Steemit or https://mentormarket.io/profile/@workin2005?aff_id=Workin2005 in order to watch.*
### BIAS:
**Short Term: Slightly Bearish**
**Longterm: Bullish**

**I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading!**
### *Workin*
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