Hello friend

It was one of the most delightful experience to read your post from which I know that you have presented yourself with your own understanding and some of the calculations that were basically technical analysis of you and you have observed sentiment clearly on the basis of which you are showing your personal analysis on each and every question.

I am very happy that you clearly know about importance of sentiment. Sentiment plays a great role when you have to make price predictions about particular token as nowadays we all are very curious about STEEM so first according to your own analysis you have observed over all market cap of cryptocurrency and you have observed that marketcap has increased from 1.5Trillions to almost 2.6 Trillions. So this is a positive triangle we all have observed and observing still until Bitcoin halving event.

As well as I am happy that you have applied two indicators to show a graphical representation of steem price and first of all you have applied Fibonacci retracement by using Fibonacci sequence and according to your observence there is 90% chances of increase in its price as well as when I talk about relative strength index then there are over buying conditions so it means that there are more chances of increase in its token demand.

I am really happy to read your post because you have summarised all the points which shows your comprehensive understanding and grip on this topic I wish you good luck and success