SBD Rallied As Expected, What's Next? | Technical Analysis
This post is 100% speculative and is not a “signal” nor is it investment advice.
Two days ago I wrote an article here about the expectation I had for SBD to rally up. There was a beautiful harmonic pattern with some nice candle price action indicating a bull run.
About a day later and we had that rally which is what we are seeing now. Price is right in those key levels I was mentioning for the immediate future. Here is a snapshot of what is going on currently:
We have seen price hit the 61.8% retracement area of the CD leg so it’s possible we could see some downward movement. Price is currently sitting at resistance at 6.80 so if we break through that’s what I would be expecting. Something to keep in mind is that the resistance zone at where it is sitting at the $7-7.70 area could push price back down into a downtrend. We are even seeing some indecision with the current candle formation.
Again in the long term I am seeing SBD to as high as $17 but we don’t know what will happen in between now and then. Time will tell.
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Steem and SBD are going great and I am sure about 10$ plus on both in february when bitcoin will be breaking these resistances and soard above 17000. Lets see what next weeks bring to the market.
Say what? "They will come"!
RIze to $1000 with some bumps along the way.
Yes, i think your speculations can play out, studying the pattern of upward and downward trend in the past few weeks....but all the same SBD is siting high.
I guess when BTC will touch $15000 USD, I expect the SBD will touch $13 for one SBD.
I really liked your Dtube tshirt which your wearing in your profile pic, Awesome!
We expect that SBD price will go higher that we never can imagine ✌️🤔😮 as like "Mountains"
To the moon!🚀💰
I am saving up my SBD for the big bang. @ew-and-patterns and @haejin speak of even higher targets. Pretty crazy stuff considering what that means for all our daily payouts. Oo