Looking at a Steem break-down and consolidate to 0.52 - 0.76 cents, just the cycle...Continued downtrend or opportunity

The downtrend continues, looks like its trying to find a base where hopefully it can attract some buyers. At the moment, there are a lot of opportunities in the cryptocurrency space. While the outlook for Steem still looks impressive with what it can offer, there are cryptocurrency moving 5 to 10 dollars on any given day and the passive income with no work offered by other cryptocurrency would continue to take buyers away.

There is a couple ways Steem can entice buyers, one of which is offering interest on a Threshold balance of Steem power, Steem and SBD. Offering loyalty points to buyers that can then be used to increase the amount votes per day, lets say from 10 to 15 or even 20 depending on the amount.

I notice they took a narrow approach at attracting a certain ground base but I think its more important to go after recognize bloggers and content creators to keep the engagement at the highest level. Diversifying and engaging a global base would create more traction to the site. They also need to assign base that follow and help the progress of new users by actively curating their content. At the point of writing this post, I have over 140 dead and inactive followers so retaining a base would become issue soon, so its better to take a proactive approach.

It's important to heal some old wounds among senior members, it not a good sign when someone can literally take all your bread away for whatever reason. It's dangerous and think about it this way, would you invest where the possibility exist that it can all be taken away.

There are some positives with the addition of Dtube, a lot more diversification with the different trails, tremendous help and support among dolphins and whales towards minnows. Let's see how long we remain in this downtrend, looking at support at 0.52 - 0.76, hopefully we can get some buyers in that region