📈STEEM Investor Report 23 September 2017 (Broader Market Up)

Trading Recommendation:

BUY with stop loss at $0.95, release of future front-end features could drive the STEEM price much higher, expecting STEEM to ride the Bitcoin price recovery to $1.50 after Poloniex market flood ends (up to 7 days)

Investment Recommendation:

BUY, expecting to be much higher in 6 months due to the release of communities and partner applications

Analyst Commentary:

The STEEM price is up 9.50% verse the USD over the past 24 hours on slightly higher volume ($771,352) as the broader Crypto market is up today as it recovers from the beatings of the last few days. I continue to recommend using this as an opportunity to buy STEEM with a stop loss around the $0.95 level in case more negative news comes out. New account creation is strong at 1,400 new accounts created in the last 24 hours. The % vested indicator is down at 71.51% on a moderate power down day and lower investment. Pending power downs remain at very low levels and appear to be lower next week. Daily active accounts is down to 26,816 accounts active over the past 24 hours. The SBD value is up at $0.996 on Bittrex as SBD mounts a recovery.

For traders, I believe STEEM has significant upside potential due to fundamentals and I would buy into this flood of STEEM on the market. On the investor side, I believe we will be significantly higher at the end of the year after communities are released and the account creation problem is solved. I would power up your rewards and buy at current value levels.

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Data Credit:

Coinmarketcap.com
@penguinpablo Daily Report
Steemd.com
Steemdb.com
Coindesk.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.

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