DAILY TRANSACTIONS
Yesterday once again saw a high number of Transactions on the Blockchain at a total of 149,350 Transactions.
This high level of Transactions confirms once again the strength and resilience of the Community despite the depressed value of STEEM.
The growth of the Community is reflected in the trend of the 200dMA (200 day Moving Average) which is at an all time high of 101,481 Transactions and is showing no signs of slowing down.
TECHNICAL ANALYSIS - dMA's
Last 10 days - 200dMA's - Trending to the UPSIDE.
Fri-03-Mar-17 = 100,041 ⇑
Sat-04-Mar-17 = 100,116 ⇑
Sun-05-Mar-17 = 100,219 ⇑
Mon-06-Mar-17 = 100,371 ⇑
Tue-07-Mar-17 = 100,471 ⇑
Wed-08-Mar-17 = 100,691 ⇑
Thu-09-Mar-17 = 100,876 ⇑
Fri-10-Mar-17 = 101,073 ⇑
Sat-11-Mar-17 = 101,213 ⇑
Sun-12-Mar-17 = 101,481 ⇑
TOTAL NUMBER OF TRANSACTIONS
The total number of Transactions now on the Blockchain stands at 25,441,258 Transactions and is once again a testament to the strength of the Blockchain.
CONCLUSION - TECHNICAL ANALYSIS
Despite the depressed price in STEEM which currently stands at Market Cap of approx $17 million....
Status Remains - STRONG (LONG TERM) BULLISH
Trend Remains - STRONG (LONG TERM) UPSIDE
Once again thank you for reading.
Stephen