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Steem Undervalued – Poised for Bounce

Steem is currently on Bittrex is undervalued, its down from 9.30 USD to 1.33 USD.

According to the team at Nouvive, it seems as that we will see a bounce from 0.002 to a possibility to 0.00053.

Steem is the unit of currency for the blogging and social networking website known as Steemit. The Steem currency is a blockchain that is used as tradable tokens obtained for posting, discovering, and commenting on content. It was created by the founders of BitShares and EOS – illustrating that they have 6 years of experience in the CryptoSphere as well as have been able to raise $4BN worth of investors’ money.

 

How does Steemit work?

 

Users are forced to acquire value solely by participating – whether through content creation, commenting, or the process of upvoting.

Steem has been dropping from 0.00100 Sats to 0.00020 – its current to date values. This represents an 80 per cent retrace since December 2017.

Steem is currently in an accumulation period and Nouvive highly recommends a purchase from 0.00014 to 0.00020.

You should take profit at 0.00032 – this is where it will be rejected by the 50 Day Moving Average.

A bullish season like the one of December 2017-January 2018 could see figures reach previous highs of 9 dollars – representing a 9X.

Meaning £1 becomes £9. Especially following the recent announcement with DataWallet’s partnership.

The app will soon allow Steemit users the ability to monetize the data component of their online creations- a prospect welcomed with open arms by the Steemit community.

In the meanwhile – Nouvive will update you as to whether you should sell at 0.00032 or 0.00052.

Nouvive: Home of Crypto Beginners, Traders & Investors. Nouvive provides Cryptocurrency trading news, Analysis and indicators for beginners, traders and investors.

Information on these pages contain speculative statements that involves risks and uncertainties. Crypto-Assets profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell. Nouvive does not in any way guarantee that this information is free from mistakes, errors or material misstatements. It does also not guarantee that this information is of a timely nature. Crypto-Assets involve risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing or trading are your responsibility alone. For more information, please view the Risk Warning Below.

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14

ViFeed Indicators

Bitcoin (BTC)
$3232.37
45.00 RSI
-0.76%
Hold
XRP (XRP)
$0.29
49.00 RSI
-1.67%
Hold
Ethereum (ETH)
$84.19
54.00 RSI
-0.51%
Hold
Tether (USDT)
$1.01
46.00 RSI
0.25%
Hold
Stellar (XLM)
$0.1
56.00 RSI
-3.08%
Hold
EOS (EOS)
$1.89
47.00 RSI
2.88%
Hold
Litecoin (LTC)
$23.78
48.00 RSI
1.35%
Hold
Bitcoin Cash (BCH)
$77.26
. RSI
-3.91%
--
Bitcoin SV (BSV)
$67.45
. RSI
-4.57%
--
TRON (TRX)
$0.01
. RSI
-0.57%
--
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