New pattern alert! SBD is showing a bullish ascending right triangle pattern on the 4 hours chart. The target for this pattern is 5.5$ and could be reached by mid-May.
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DISCLAIMER: This post / analysis serves general information purposes only. I am not, and never will be a financial adviser. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas (from my personal experiences) are. I use chart pattern and Elliott Wave analysis for my trading ideas.
For full disclosure: The author of this post is holding positions in this market at the time of this post. Please conduct your own due diligence, if you plan to copy anyones investment decisions!
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Nice little cup and handle!
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I've seen the trend change in SBD / BTC about 2 weeks ago. this is a change of direction the first time it happened since he came down a few months ago.
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Wow, @ew-and-patterns, that would be super great, buddy.
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Haha Steem is destroying all of over analysis and going above and beyond
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Hi ew-and -patterns,
SBD will be bullish the next month....Looking forward to it. Nice and simple charting.
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Thanks for sharing so an amazing post, it will really motivate people more to give their time and put in resource which i believe they would get more than what they invest in just a matter of time.
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Good stuff...price reacting to the sell orders at $3.00, but my next target is at $4.50, overall, I agree, price should continue to move higher.
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I wonder if it will return to trading at a premium to STEEM as the market is smaller and price moves can be more exaggerated.
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Price will go higher if BTC will go higher.
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