Steem chart review, May 9th @ 19:00 PST
The weekly chart of Steem since the inception back in mid 2016 shows the volatile nature of the crypto.
The rebound in price has printed 4 green heikin ashi bars and the current bar is a doji which is typically viewed as indecisiveness.
Stochastics continue to be on the rise after hitting the oversold area, but will it continue?
The daily chart has several red heikin ashi bars which are both smaller and appears to be leveling off.
Stochastics are approaching the oversold area, will it rebound? (Along with BTC?)
This is a daily line chart of Steem in Blue @ 3.38 and SBD in Red @ 2.74. They were trading close to 1:1 last year until the decoupling.
This is a daily line chart of BTC in Red, ETH in Black and Steem in Blue.
Currently, ETH has the most upside momentum, BTC is sideways and Steem slightly down.
According to Livecoinwatch, Steem has the 32nd largest marketcap at 918M and surrounded by these familiar cryptos.
Google trends shows the searches for Steemit have leveled off with the price. Venezuela continues to lead the searches.
Total Steemit account is at 979,668, 1 M is approaching quite fast.
If you did not see the Steemit CEO on Bloomberg a few days ago, here is the link:
https://www.bloomberg.com/news/videos/2018-05-07/steemit-1st-social-media-platform-built-on-top-of-a-blockchain-video
Hi glennolua,
Good to see you post in my feed again. For some reason, I have not been seeing your posts recently.
Valuable financial information I needed.
Hey hana, that is weird as I thought that this blockchain stuff was 100% accurate with transactions, etc... Hope all is well with you.
Thanks for sharing information relating to crypto currencies.
You got a 1.69% upvote from @postpromoter courtesy of @glennolua!
Want to promote your posts too? Check out the Steem Bot Tracker website for more info. If you would like to support the development of @postpromoter and the bot tracker please vote for @yabapmatt for witness!
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