According to my last analysis, i have posted can sbd go above 1.50 dollar with in 3 month.Today sbd rate is 1.05 cent.So, it is going to 1.50 cent, may be with in 2 month.We have seen some dramatic change in coin market in last 45 days. Bitcoin and all altcoin also rising up day by day and we are now safe to say downtrend finally have finished.Sbd price is very important for us like steem. Because our rewards rate depend on sbd and steem. It already rise 9.3% in last 24 hours.If we look at one month back then it has been risen 65%. Thats why we are happy and finally the big downtrend has finished.

This is my last post of sbd analysis which was posted at 25th january 2020.
https://steemit.com/hive-174578/@shharafat/finally-end-of-bearish-trend-sbd-price-may-touch-1-50-dollar-with-in-3-month

SBD Information

SBD rank 295th now based on total market capital(source:coingecko) 285th at 25.01.2020
Rank down 10. It is not a big matter.Over all price is now uptrend.
total supply 7.6 million
circulating supply 7.6 million
current daily trading volume of today is 1.5 million usd. Above 400k usd was 25.01.2020
SBD All time high was 14$ in december 2017
SBD All time low was 32 cent november 2019
Total Market capital 7.62 million dollar.5.67million usd was at 25.01.2020
Current sbd price 1.05 dollar (77.25 cent was at 25.01.2020). A huge jump with in last 30 days.

This is the 6th time i am posting analysis about sbd.Analysis is my passion.Steem and sbd chart is easy for me now. Because trend is now very clear. So, we have to trade only bullish or sideways.

Technical Analysis

I said so many time. 2020 will be the another golden year for crypto.All technical indicator now indicates bullish view.In short term,long term and medium term, every where is bullish.This is high time to make profit for day trader.

Daily Chart

Daily high is 1.08 dollar.
Daily low is 93 cent

Day started with 93 cent.Every hour it has gone up and touched 1.08 cent.Then it came below 1 dollar again but it was short lived.Now the price is 1.05 cent.Here we can see market is so volatile whole day.There are so much bull pressure. I think it still not touched major resistant.My analysis say next major resistant is 1.18 cent.Then it will come back for correction.
Now we have to focus on moving average.Small and big all are showing buy signal. 5,10,20,30,50,100,200 days all moving average are blue.We can not see any red there.Although in volatile market bull has taken all control but we have to beware about correction.It will be better to open trade from minor support level like 99 cent, major support level 93 cent.

On the upper side price just touched 1.08 today.But pressure is so much.So, it can again break those area and can create new high.It may be 1.15 or 1.18. This pair is intrinsically so much bullish now.All technical and fundamental indicates it will continue its run until 2021.

Now i want to focus on oscilator indicator.Even though it is showing neutral signal but MACD level 12 and 26 showing buy.Both that important level express the control of bull power.14 days RSI show 65.We know 70 is the very important area.So, we have to look up that area if RSi surpass 70 then it will be better to stay sidelines.

SBD weekly chart

Last 24 hours, sbd is one of the best performer against usd.But if we see in broader view like weekly and monthly then it will be not strong like daily chart.

Weekly high 1.09 dollar today 14th february
Weekly low 83 cent at 8th february when week started

After very long time we can see price brook 57-65 cent area.Then price entered to 71-80 cent.It also broken very fast.Now it reached above 1 dollar. So, where is the correction.I can not see any correction here.But before go for correction it can break price area one more time due to huge buy pressure.
I think price now reach to overbought area.So, day trader need to be beware in this area.Price can go for correction any time.Week start with sideway moves.But gradually it move up and break another resistance 1.01 dollar. Now it is good time for calm down.

Now we have to focus on moving average.Except somple moving average 100 days, all moving average indicates buy.5,10,20,30,50 all are strong buy.That means price are now above average trend lines of certain days.Very dangerous area. I want to say you must find out suitable area to open buy.Anytime correction can happen.

Like daily RSi, weekly RSI also showing strong buy and it is now near 70. It will be not a wise decision to open buy around RSI 70. We have to wait for some correction.Another things need to mention CCI still now indicates sell. MACD 12 and 25 both indicates buy.

SBD price in Monthly chart

Monthly high 1.09 dollar at 14th february today
Monthly low 63 cent at 16th january

In technical terms brodar view always gives better result and high chance to make accurate analysis. Here also same scenario. Monthly low was 63 cent.Month started with that level and gradually it has broken so many hurdle. Ar first it has broken range and moved up above 75 then it again break another major resistence 85 cent which was 4 month high. After that it took breath one week and again bull pressure rised it up to 1.09 cent.

Here also i can not see any correction happened. So, correction is left and it is very much essential to go for another major resistance 1.18.

I want to check now moving average. Only 5,10 and 20 days moving average showing buy. I mention before about it. 30,50,100,200 still now showing sell.Because it need more time to change higher moving average scenario.

If we look at oscilator then RSi now 49.No need to worry about it.It has more room to go in monthly.But i have fear about Daily and Weekly RSI.Because both are now in dangerous area.At first it will back for correction then it will try to break another major hurdle.

Fundamental Analysis

My favorite analysis. Today had Us retail sales news which actual figure failed to cross forecast.2 days ago Jeromy powel, federal reserve governor said of his testimony, digital currency need privacy future before china digital currency yuan come to market.It probably a very good news of this year. This news confirm us that federal reserve also concern about crypto currency. Crypto need legality and they want proper privacy future.

Bitcoin halving will happen may 2020.It would be big news for crypto.

The third coin of steem SMT is coming in february2020.It will be very good news for steem based all currency including sbd dollar.SMT testnet is going on.

My trading idea

I am not astroliger.But my some previous predictions become true already.In this articles i warn trader so many times, one correction is due before go up. Just find out higher low area. Wait for minor support and major support area. 1.01, 95,91 cent. All those point is good for open buy.Above 1.10 , it will good to stay sidelines until the correction happened.

All screenshot taken from
https://www.coingecko.com/en/coins/steem-dollars
https://www.tradingview.com/symbols/SBDUSD/technicals/