📈 STEEM Investor Report 24 May 2017 (Steady Advance)

in #trading7 years ago

Trading Recommendation:

Buy into this rally, fundamentals look strong, stop loss at $1.20

Investment Recommendation:

BUY, fundamentals appear to have flattened, rally is on!

Analyst Commentary:

The STEEM price rose a healthy 6.86% verse the USD over the past 24 hours on lower volume ($4,913,670) as the entire crypto market advanced. The % vested indicator fell due to the typical Wednesday heavy power down but pending power downs is still looking lower for next week. Active accounts rose to 16,087 maintaining our current trend at around 16,000. I still expect the number of Active Accounts to improve greatly once the account signup process is fixed (part of HF 19). My recommendations remain unchanged because I expect STEEM to continue to rise as long as the current crypto excitement lasts (today is a clear indication of broad crypto hype) and fundamentals remain strong. For traders, buy into this rally but maintain a stop loss at all times, move your stop loss up as the price rises to protect yourself. On the investor side, I believe we will be going up from here, buy into this rally and then hold on with a generous stop loss (around $1.00).

Payout Recommendation

Due to the SBD premium, I recommend taking your rewards in 50% SBD and using it to buy STEEM in the internal exchange. I'm supporting @timcliff's proposal to correct the SBD peg.

Investment Report 20170524.png

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.


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Great article! Subbed liked :)!

I forecast another five fold increase in Ethereum as well.

Read my analysis here:

https://steemit.com/ethereum/@sjovmaiin/an-ethereum-price-forecast-fivefold-increase-this-year

Thanks guys.

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