📉STEEM Investor Report 8 September 2017 (Crypto Consolidating, STEEM Steady)

Trading Recommendation:

BUY, release of future front-end features could drive the STEEM price much higher, announcement of hiring of additional developers is positive news which will have lagging impact on price, there may be one more move higher

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 down 2.22% verse the USD over the past 24 hours on lower volume ($1,764,340) as the broader Crypto market consolidates and STEEM holds its ground verse Bitcoin. Traders may see one more move higher after consolidation is complete. If you are a trader at this level you should have a stop loss in at the $1.50 level. New account creation data is strong at about 1,500 new accounts created in the past 24 hours. The % vested indicator is down to 71.78% 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 up slightly with 27,290 accounts active in the past 24 hours. The SBD value is steady at $1.05 on Bittrex which is slightly above the peg.

For traders, I believe STEEM has significant upside potential due to fundamentals and I would watch for a possible correction and buy the dip or continue to play this rally with a good stop loss. 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 these levels which are far below where I think we will be at the end of the year.

Marketing Trust

Please support the @marketing-trust by following and upvoting the daily posts. The project was created to generate capital for a paid advertising campaign to promote Steem.

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.

Discord Chat:

You can reach me on Discord on my private server or through private message to LeongKhan