Steem chart review, March 30th 2018 @ 18:45 PST

The weekly chart of Steem with heikin ashi candlesticks dipics the volatile history of the coin.
It has printed 8 red weekly bars in a row and it does not look like the trend is going to be changing any time soon.
Stochastics are oversold and under 20. If both K and D lines remain under 20 for 3 days, it is said to be embedded. (Which suggests that the downtrend can continue)

The daily chart shows more detail of the downtrend with a lot more red bars than green.
It cracked the 1.75 level and further downside along with the rest of the crypto market seems like the trend for the near future.

A comparison of Steem in Blue and SBD's in Orange. You can see the divergence in SBD last December and it has now mirrored the price of Steem.

Another comparison chart of BTC in Red, ETH in Black and Steem in Blue. It appears that Steem tracks ETH more than BTC.

The blocktivity site tracks blockchain transactions and Steem is always on top. A 'large' social media site has much more transactions than monetary coins or data tokens.

Based on Alexa data, the Steemit site is ranked 1,008 worldwide. Pretty impressive if I do say so myself.

Which country visits Steemit the most? ----------------------> USA with 26% of the users.

While the USA has the most users, Venezuela leads the search for Steemit based on Google trends. (The countries economy is in a depression, has hyper-inflation and has a dictator that does not care about the welfare of the people)

If one wanted to pick up Steem at a good price, the next few weeks/month MAY present a possible buying opportunity. (This is not investment advice as I am not a financial advisor or licensed broker)