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Daily Overview
Price
Posts
Daily Payouts
Macro Events
HF 19 has been mostly positive.
Minnows now have more influence on the platform, feelings surrounding the platform remain positive.
Users have expressed discontent with self-upvoting which at the moment can offer users doubling of their SP within 6 months if upvoting their own posts and comments each daily with their daily voting quota.
Technicals
The price has come back down after a terrific start to June, currently the price is testing the previous high close of ~63,000 Sats.
I expect the price to bounce off this previous resistance now turned support.
At time of writing, it has bounced from ~55,000 sats which will now be the LOW on the daily time frame.
We are currently below the MONTHLY pivot and I expect the bounce to test the pivot before deciding to break through it or continue the short term down trend.
A break and close above the monthly pivot of 69,500 sats will signal a BULLISH continuation of trend, whilst a break of the LOW at ~55,000 sats will signal the beginning of a trend reversal and the beginning of a medium term BEARISH trend.
STEEM is now largely coupled to the performance of BITCOIN. Gains in bitcoin resolve to gains in STEEM and vice versa.
Steem daily forecast is updated daily. Format is yet to be set in stone. Please upvote follow and resteem
