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Steem Dollars (SBD) high potential to test the Arithmetic Mean in near future (!)
* % up/down from last established support
SBDBTC (SteemDollars) is now trading just above EMA200 and ranging in-between MA200 (support) and EMA300 (resistance)... Let's take a closer look at the chart!
As I just mentioned SBDBTC is trading within the black (MA200) and gray (EMA300) lines but going in favor of the bulls, why?
Since October 2019 SBD has been printing higher lows.
Prices are safely...
It has been trading withing the monthly support and resistance level of 11500 satoshis and 38700 satoshis accordingly but within the channel there are also weekly levels that are being respected currently sitting at 30700 where resistance was tested and rejected recently and now the direction downwards is looking at the 13500 satoshis support level. Moving around...
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It's been a while since our last SteemDollars (SBDBTC) analysis. I did a search on my profile and the latest one is from September 21st, 2018.
. STEEMDOLLARS/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 63.
. There is a possibility of temporary retracement to suggested support zone (0.00015600 to 0.00013100). if so, traders can set orders based on...
A great long term opportunity here. Steem Dollars has broken trendline resistance and appears to be accumulating.
There could be a bit more movement downwards as the Stoch RSI indicator suggests a little more downside still to come, possibly price will test 0012 sats.
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SBD found support at 13600 and broken out of descending parallel channe. Currently price is above 21 and 34 MA. This is a good sign. If the coin stays above 14500 support it has a good chance for forming an uptrend.
I don't invest much but I do have small amount at Bittrex and that coin might be promissing for long term investment. Sure I hope for a pump to...
SteemDollars (SBDBTC) has found support around November 2017 price levels. This is a very strong support area and it coincides with several other signals that point to a reversal from the charts.
What really looks good for SBDBTC, is that it has yet to take off. So we get to position ourselves for an early trade.
We are looking at 600%+ profits potential based...
Take a look at the chart above:
Marked strong support with yellow square. This is our bottom for now.
Bullish divergence on the MACD; this is the weekly time frame.
Retracing since December.
Huge profits potential, over 3,000%. Just 20% is great profits, so this huge potential makes it even better for a long trade.
SBDBTC traded in a downtrend for an extended period of time, as many alt coins did for this trading season. Now however it has broken out of it's downward channel, after the breakout was confirmed it consolidated with a symmetrical triangle pattern and recently has broken out of that with an impressive move upwards on high momentum.
We have pulled back to the...