Things are looking up for Steemit post hardfork...
STEEM price saw some consolidation today just like the rest of the crypto world but technical indicators along with positive media coverage and the recent hard fork could drive the value through the roof.
Technical Analysis
Looks like we might be about to break into an upward trend if the price can break the bullish flag formed...
RSI is between 40 and 50 looking good for a buying point
Bollinger Bands have settled down a little I think we might see a nice pump
HUGE correction today for many crypto's, what goes up must come down, the next bull run could start here
Media
Positive media coverage could drive STEEM value through the roof. Many crypto podcasts I have listened too recently mention steemit along with this news article I found today; http://investorplace.com/2017/06/facebook-inc-fb-fear-social-media-kingslayer/#.WUsP9BPyu1s
This article talks of steemit being a facebook killer. I believe that steemit has the potential to grow as big as facebook, but remember we are still very early on in development. Most people still don't know about steemit at all
Holding and Spreading the Word
I think that the more you hold on to your STEEM and SP, and the more we as a community spread the word about steem the more it will grow.
Steemit's future relies on our shoulders, that's why it is decentralized.
chart from https://tradingview.com
I am not a professional advisor and this is not something you should put all your money into. I am not responsible for any gains or losses this is just an opinionated article about what I think could happen.
I COMPLETELY AGREE - SHARE STEEMIT
What is the best price to buy ? thank u
I would say to just buy now and hold for a year, that's just my opinion though
thank u :)