Top 10 Cryptos
At the moment of writing, top 10 crypto assets looked bearish, with 9 of them in red and one in green.
Bitcoin's indecision is keeping the other assets in limbo.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $0.82 on Coinmarketcap, slightly down from yesterday.
The hourly chart indicates that STEEM is range trading in the 12k-13k satoshis interval, for now
The daily chart suggests a bearish trend forming, which may take STEEM towards the ATL (All Time Low)
SBD was trading, at the moment of writing, at $0.96, slightly up from yesterday and still at the peg.
On the hourly chart, SBD is maintaining the new corridor, trading at 14.5k satoshis
The daily chart is stabilizing at the new 14.5k satoshis corridor
SBD to STEEM Ratio
At the moment of writing, according to steem.supply you could get 1.15 STEEM for 1 SBD, slightly up from yesterday, and above parity. Since SBD printing rate is 0%, rewards are paid now in STEEM / Steem Power.
Overall opinion: A rebound after the last dip was expected, but the markets aren't going there, at least for now. STEEM and SBD are relatively stable, but my personal outlook is neutral to bearish, short term, and neutral medium term.
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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