Top 10 Cryptos
At the moment of writing, top 10 cryptos were all in green, with 4 of them posting double digit gains.
This Monday seems to be bullish, and, as I wrote in yesterday's market snapshot, it may set the trend for the upcoming week.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $4.15 on Coinmarketcap, up from yesterday.
On Bittrex, the 30 minutes chart shows a mostly sideways trading around 46.5k satoshis, with 2 failed attempts to go over 48k satoshis.
The 1 hour chart confirms the 46k satoshis resistance level.
The 1 day chart is showing a second correcting candle, setting the base level at 46k satoshis.
SBD was trading, at the moment of writing, at $4.69 on average, up from yesterday. The 30 minutes chart on Bittrex shows a sideways trading in the 51k-53k satoshis corridor
The 1 hour chart shows that the last two attempts to go over 57k satoshis where very faible.
The 1 day chart is still bullish with the last two red correcting candles barely wiping half of the last green candle.
SBD to STEEM Ratio
At the moment of writing, according to steem.supply, you could buy 1.126 STEEM with 1 SBD, slightly down from yesterday and the parity continues to be broken.
Overall opinion: STEEM and SBD started the week in green and both seem to be prepping to bounce even higher from their resistance levels. After 4 days of closing higher than opening, SBD is changing trend towards STEEM. Still early to tell if it will go under parity in the next few days.
Disclaimer: I'm not a trader and this is not trading advice. I'm writing these articles for my own educational purposes and they are not meant as an investment foundation. Please make your own due diligences when investing and never invest more than you can afford to lose.
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.
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