1 STEEM = ₿1014 Satoshi -- Will the alligator keep walking up to hunt its prey?

_{(Chart by TradingView)}

Around February 5, Steem's alligator against Bitcoin was seen dropping to about ₿850 Satoshi. Since then it has moved up again ever looking for food.

Meanwhile, the Moving Average Convergence Divergence (MACD) oscillator is in a bullish position. This indicates that the price of this asset is rising.

However, the stochastic Relative Strength Index (RSI) oscillator is in overbought territory. In other words, the market price of this asset is above its intrinsic price.

And now we see the alligator still opening its mouth upward. Will it keep walking up to hunt its prey?

Let's continue following this Steem alligator adventure with Bitcoin.