Steem chart review and other misc data
steemit·@glennolua·
0.000 HBDSteem chart review and other misc data
<center></center> Here is the weekly chart for Steem. After a massive spike high in early January, it has continuously dropped in price along with BTC and the entire crypto sector. The heikin ashi bars are red confirming the continued downtrend Stochastics are close to dropping below the 20 oversold area  The daily chart shows a little more detail with the downtrend and areas of support breakdown. Stochastics are oversold and will most likely embed to the downside. It may retrace all the way back down to the levels before the rally which was around $1 USD. Steem is down minus 43% YTD, BTC is down 42.6% YTD  The Korean exchange upbit continues to lead the trading by volume at 33%. (The Koreans love to trade crypto!)  The search for Steemit is on a decline based on Google trend data. Venezuela has led the searches for a few months now.  What coin or token has the most transactions worldwide? Steem leads with 1.7M blockchain transactions over a 24 hour period. (Data from blocktivity)  The Alexa rank for the Steemit website is 943 which is quite impressive.  There are a total of 873,853 account on Steemit and growing. (A certain percentage are 'dead' accounts) I think that number is relatively low and has a lot of room to grow. There are 225 million people in the United States alone and close to 7 billion worldwide. I see a small trickle of people leaving YT and FB for this platform and I'm sure it will continue going forward. 
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