What's Your Price Prediction For Steem???

Making prediction when trading or investing is the act of trying to determine the future value of financial instrument. When RSI gives you a positive signal, you can expect the stock to go up and when RSI gives you a negative signal, you can expect the stock to go down. The most important factor influencing the price is caused by supply and demand. When the demand is more than that of its supply, the price increases and vice versa.

Steem is one of the few cryptocurrencies having a value of more than 1 USD. This itself makes it better than a lot of other digital currencies. According to the STEEM price prediction data*, this cryptocurrency is going to witness an exponential growth in the coming time. The smart technical analyses show that STEEM price is going to rise as high as $3.672 in 2019.

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A high of $3.672 ain't happening in 2019. However, I do believe the price of Steem is undervalued at current prices.

Here are a few more predictions for 2019:

According to Trybe.one, Steem is not a good 1-year investment because it won’t rise in price during the following months. They based this opinion on STEEM price predictions from other sources.

According to TradingBests, STEEM will cost $0.22 by the end of 2019. In 2020, it can reach a maximum of $0.4.

David Cox from Cryptonewsz claims that Steem price isn’t likely to rise in the nearest time, and STEEM price will hold at the current level ($0.16). However, long-term perspectives are bullish.

Coinpredictor.com provides the most pessimistic Steem price prediction claiming that STEEM price will fall to $0.09 in 4 weeks, and its value will diminish to $0 by the end of 2019. Of course, considering the growing community of Steemit, it cannot be true.

According to Alex Mistrelle from Cryptoinfobase.com, the price of Steem will be at the level of $0,4-0,6 in the second half of 2019, and all-time-high should be expected in 2020.

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TradingBests, says Steem will be at $0.22 by the end of 2019. Very possible, but I don't think the SMTs will be in full effect by that time.

According to Coinpredictor.com Steem at $0.09 in 4 weeks possible, but don't see it going to $0 by the end of 2019, highly unlikely.

Alex Mistrelle from Cryptoinfobase.com, the price of Steem will be at all-time-highs in 2020. I think that's highly unlikely as well...unless SEC approves crypto backed ETFs and SMTs are a smash hit.

However, what I can tell you is that there is a weekly demand zone at $0.07

And on the 4 hr chart, price formed a double bottom, which is a bullish reversal pattern.

Thus, the chart suggests, price can move up to the $0.15 level and if price can close above the pivot high, look for price to make its way to the 4 hr supply at $0.165 as a short term target.

Do you have a prediction for Steem price over the coming weeks or months and if so, what's your price target?

This post is my personal opinion. I’m not a financial advisor, this isn't financial advise. Do your own research before making investment decisions.