SBD primed to pump?
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.
Means we should hold a bit 🤔
I hope this break low