Daily Steem Dollar Price Update: Up 12% Today Along With Most Cryptos

in #steemdollar • 6 years ago

Steem Dollar did not disappoint us today, it rose about as much as Bitcoin and here is the daily chart:

FireShot Capture 960 - SBDUSD_ 5.32375620 ▲+10.83% — _ - https___www.tradingview.com_chart_AxIWekrr_.png

Comment: We finally closed above the bollinger band median today which is a great achievement. We havent been above this median for about a month. Now, Steem Dollar rose 12% and we formed a bullish looking candlestick so this could indicate that we could continue to move up tomorrow.

My next target for Steem Dollar is 6,40 and that is the nearest resistance area for Steem Dollar.

Now, lets also have a look at the daily area line chart:

FireShot Capture 961 - SBDUSD_ 5.31662013 ▲+10.69% — _ - https___www.tradingview.com_chart_AxIWekrr_.png

Comment: Here we can see that we are definately moving in the right direction but there is a long road ahead of us until we can say that this short term bear market is over. We must cross 8,70 until Im willing to say that we have broken the trend.

Happy Steeming!

#steem #steemit #altcoin #cryptocurrency
6 years ago in #steemdollar by
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     6 years ago 

    the steemdollars price gives us a huge motivation to keep doing what we do here on steemit. This is a very good opportunity to gain some cheap steem when you convert your sbd's to steem. And hoeree, steem is going high this year, most likely x30 times up.

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     6 years ago 

    yup, totally agree, Im not converting yet, since I do think that SBD will continue its move up faster than Steem.

    I see Steem as a potential $100 Billion crypto, it might not happen in 2018 but who knows...

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       6 years ago 

      I'm so happy to see this. $8.40 would be awesome. It seems like the bad news is fading in the media and now we need a few good stories from around the globe.

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       6 years ago 

      Yup, it is looking better day by day now for Steem Dollar. We might not get to 8,40 this week but that is my next big target.

      Just wait for the Steem Media Tokens to go live...

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