1 SBD = $2.815 USD -- Will the alligator come back up to find food?
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(Chart by TradingView)
The alligator SBD (Steem Backed Dollar) fell to about $2 at January 19-20. Since then, it wandered up nonstop until early March, then suddenly fell and recently rose again.
Meanwhile, the Moving Average Convergence Divergence (MACD) oscillator is in a bearish position. This indicates that the price of this asset is falling.
Then, the stochastic Relative Strength Index (RSI) oscillator is also in neutral territory. In other words, the market price of this asset corresponds to its intrinsic price.
And now we see the alligator's mouth beginning to show signs of opening upward. Will it come back up to find food?
Let's continue our adventure with this SBD alligator.