Top 10 Cryptos
At the moment of writing, the top 10 crypto assets looked relatively bullish, with 9 of them in green and one in red, but in fact it looks just like a correction from yesterday's dip).
All this looks like a technical correction, and in the absence of more specific indicators, I would say the downtrend is not over yet.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $0.84 on Coinmarketcap, slightly up from yesterday.
The hourly chart shows that approximately one third of yesterday's dip was recovered, STEEM trading at (or slightly below) 13k satoshis
The daily chart is showing a correction as well, but the trend is not yet clear
SBD was trading, at the moment of writing, at $0.95, identical with yesterday and, technically, still at the peg.
On the hourly chart, SBD is maintaining the new corridor, trading at 14.5k satoshis
The daily chart is stabilizing after yesterday's gains
SBD to STEEM Ratio
At the moment of writing, according to steem.supply you could get 1.12 STEEM for 1 SBD, slightly down from yesterday, and above parity. Since SBD printing rate is 0%, rewards are paid now in STEEM / Steem Power.
Overall opinion: Markets are cautious after yesterday's carnage and no definite trend is visible. STEEM is slowly recovering, while SBD is maintaining position. My outlook short term is bearish, and medium term neutral.
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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