Trading Recommendation:
Except high volatility, look for trades on 15 minute overextensions
Investment Recommendation:
Hard to make a recommendation here, leadership shake ups tend to drive initial price drops and then either a recover or further drop if the shareholders accept or reject the replacement. I'm holding and may purchase more STEEM if the price collapses to a level below $0.06.
Analyst Commentary:
The STEEM price fell a significant 13.65% verse the USD over the past 24 hours on even higher volume than yesterday on rough news for the STEEM community. For those that have not seen the news, @Dan is resigning. Key leader shakeups in organizations generally lead to very volatile price movements as the shareholders agree or disagree with the secession plan and future plans of the company/platform. These times represent great times for investing if you believe in the vision of the remaining leaders or a time to exit if you think the loss was irreplaceable. Because I have view all of my cryptocurrency investments as speculative and did't invest any more than I could handle losing tomorrow, I'll be holding here and possibly investing more if the price of STEEM drops significant and 
For those of us who are planning to stay and help develop the platform, now is the time to help find a suitable CTO to push STEEM ahead. I'll be watching the developments and proving daily updates, please upvote and follow. Until I know more, I will look for opportunities to trade the price swings ... if only I didn't work 12 hours a day.
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.
