SBD primed to pump?

in #sbd7 years ago

Looking at the SBD/BTC chart, SBD looks to be making a bull flag setup.

In order for this flag to complete, prices would need to first break the current downtrend, and then they would need to break those highs from a couple weeks ago.

There is always the chance that prices could keep drifting lower and lower and lower, however, after watching this thing trade for a bit, it tends to trend down slowly like this, then when some demand comes in, prices double or triple in a day.

The low supply makes it an easy move up when the time comes.

For those reasons, it might not be a bad idea to hold some SBDs at current levels to see if another moonshot is on the horizon, even if it is supposed to be pegged to a dollar.

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Means we should hold a bit 🤔

I hope this break low

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