📈 STEEM Investor Report 28 May 2017 (Consolidation, not new rally)

Trading Recommendation:

Hold, wait for a signal if STEEM is starting a new rally, could go sideways for a prolonged period

Investment Recommendation:

BUY, fundamentals are strong, STEEM may drop slight or stay at this level, but over the long term will rise significantly

Analyst Commentary:

The STEEM price rose 30.31% verse the USD over the past 24 hours on low volume ($3,449,380) as the entire crypto market recovered from yesterday's panic. The current price action shows a partial recovery of yesterday's loses but did not produce a strong enough price movement or volume to kick off a new rally. Therefore, there is a risk of slipping downward again or trading sideways for a period. The STEEM fundamentals remain strong with the % vested indicator falling 0.01% which shows investment into the correction and active accounts fell to 15,392 on the typical weekend activity drop. Pending power downs remain on their downward trend. For traders, I would hold here for more evidence on the short term future trend. On the investor side, I believe we may trade sideways or drop slightly but you should still be buying in for the long term.

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.

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.