Top 10 Cryptos
At the moment of writing top 10 assets were relatively bullish, with 6 of them in green and 4 in red.
After the market held rather well during the weekend, we're starting to see a small correction.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $2.59 on Coinmarketcap, down from yesterday.
On Bittrex , the 30 minutes chart is showing a small descending channel hitting resistance at 32k satoshis
The 1 hour chart puts the downtrend in perspective: if the 32k level won't hold, there's a lot of room to go down
The 1 day chart shows that the gains of the last week are still above the unfolding correction
SBD was trading, at the moment of writing, at $2.40 on average, slightly up from yesterday.
The 30 minutes chart on Bittrex shows a similar descending wave, hitting 29.5k satoshis:
The 1 hour chart suggests the next resistance level is now at 28.5k satoshis
The 1 day chart is mostly flat for the last two days
SBD to STEEM Ratio
At the moment of writing, according to steem.supply, for 1 SBD you get 0.928 STEEM, up from yesterday but we're below parity.
Overall opinion: The markets are starting the week with a small correction. STEEM and SBD are holding relatively well to the previous gains.
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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