In one of my previous posts, I mentioned that the STEEM price could potentially drop below $1.30.
Yesterday the Price touched $1.44 this was to me a strong indication that a strong decline was gonna follow.
And Today we see the Results of that
I made an Analysis today and looking at the current position of STEEM in the market I would like to mention that STEEM is resting on a support around the $1.15 Price.
This means that if STEEM Breaks out of that Price we can see a further decline of up to -30%/-40% Today and in the days that follow.
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What is your take on Steem price by August 2018?
Based on the number of members joining and the incoming and outgoing transactions within day to day periods you could determine a potential price for August 2018 However so much more determines the price for such a long period of time.
I do not have the time to make this analysis today but it is an awesome request @rkreddy and expect a post about it in the next couple of days once i finish the full analysis and calculations about it.
But understand that it can only be a Posibility prediction.
Nothing is set in stone in that sense.
Have a nice day! :)
Of course and look forward to seeing the post - I am following you so it shoudl show in my feed!
I will make sure i tag you in the post to make sure you get to see it ;)
I would love to see this as well!
Awesome i will tag you also when i make the post. In aproxx 3 Days orso.
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