📈 STEEM Investor Report 11 April 2017

Trading Recommendation:

Look for trades on hourly trends

Investment Recommendation:

SELL or HOLD, fundamentals continue to decline, pending power downs look lower for next week

Analyst Commentary:

The STEEM price rose 1.71% verse the USD over the past 24 hours on weak volume as the Bitcoin rally stalled again. The % vested figure dropped very slightly showing renewed investment in STEEM but not quite enough to drive down the % vested indicator (est. 400,000 STEEM invested over last 24 hours). Active accounts over the last 7 days are starting to rise likely due to slowly increasing rewards. For traders, the recent fluctuations in the STEEM price are producing opportunities for trading on hourly trends (trade opposite Bitcoin trends). Another 1.5 million STEEM is scheduled for power down over the next 36 hours which could damage the current STEEM price. On the investor side, no change, the fundamentals have been consistently declining which tells me that the price level will break to catch up with fundamentals or the decline is built into the price level. Either way, I don't see long term improvement until after full payouts resume.

Data Credit:

Steemchart.com
Coinmarketcap.com
Steemdb.com

Disclosure:

The report published above is based on my assessment of the cryptocurrency market. Investors should consider this report as only a single factor in making their investment decision. All investments involve market risk, including possible loss of principal invested. The author is a cryptocurrency investor and while he seeks to provide honest assessments to the best of his ability may have a conflict of interest that could affect the objectivity of this report.