STEEM TOKEN IS UNDERVALUED AND A GREAT BUY (see disclaimer at bottom)
Biggest reason I think so: STEEM spends a little too much time above it's Relative Strength Indicator, or RSI.
What is RSI, you may ask? Simply put, it uses recent buy/sell prices to determine if the investment price is over valued or undervalued. RSI is also a lagging indicator and can give false buy/sell signals when market shocks take over.
In other words, THE MARKET SPEAKS LOUDER THAN TECHNICAL INDICATORS and the market is gonna push STEEM up a giant hill with a pot of gold at the top.
To understand why I think STEEM is undervalued and a great investment, it helps to look at the coin's performance.
Brief market history:
STEEM hit the market in Mid April 2016 and saw an initial bump. Staying true to it's "percieved" new coin value, it hit the cieling of its RSI and dropped back down within it's normal parameters.
Then, BOOM! The world woke up to Steemit's potential as a community and social network as well as STEEM's value as an associated token. People everywhere got excited about the earning potential for Steemit as well as it's status as the premier blockchain-based social media platform and it blew through the roof of the RSI, falsely indicating that it was overvalued and overbought. STEEM stayed above it's RSI for about 11 days. The coin then settled back down in a reverse parabolic fashion about a year ago from today and is now on the upswing following the recent bear market of last week.
When a coin exceeds its RSI numerous times, this means that the value of the coin is increasing faster than mathematial indicators can read. This means the coin is basically blowing up like the hulk and tearing off it's mathematical clothing! This keeps happening over and over again starting with it's initial jump in 2016, again from March 17th through March 20th, again on April 17 2017, from 5/6 to 5/9 in 2017, again on 5/21 2017, and again from 6/5 to 6/7 2017.
YOU CAN'T KEEP THIS COIN DOWN!
Block chain and cryptocurrency are the wave of the future. Some say it's the biggest invention since the internet itself. Social media is also a ginormous beast of an industry. Put them together and you have an animal that cannot be stopped by math or anything else. STEEM is the token that fuels that animal.
And it's ON SALE following the recent bear market.
There may NEVER be a chance to buy a coin like this on sale again.
Happy hunting, ladies and germs.
-=ALPHANICK=-
For donations, please send
BTC to 12FPHzbR59sL8QqjGRCEDyXMRfjT1KTHBz
ETH to 0xEF80d2ce9942C8e9e51A29E845b10f94c4e4DC81
LTC to LWdmrNWf71euJxseBmKamu1zjpKU9rsEpA
disclaimer This information is not to be used as investment advice. This infomration is for academic/educational purposes only and reflects my research methods. Do NOT use this information for financial gain.