SBD retested the downtrend line today, exactly like I predicted 3 days ago... Is yellow wave 2 done?
I am waiting for volume and/or bullish wick confirmation to make that guess.
If this strong support line is not able to end the downtrend, we will likely see SBD drop to 1.4$, which is where I have my buy rung set up again. The last time it was not filled when the price turned @2.16$.
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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!
If you make any trades or investments after reading this post, it is completely in your own responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept to never hold me accountable for any of your losses.
Please consider leaving a comment, like or resteem, if this post entertained you or helped you see things differently...
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We hope that days of 10$ back again
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What would be really sweet to see is SBD completing wave 3 before STEEM and being worth at least 2.5 times STEEM and then STEEM catching up getting things close to 1:1
That would be a great trade with zero fees paid. If SBD get Binance listing, that could make some serious extended waves.
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Fingers crossed for that ;-)
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I hope we bounce off the resistance line and change trend. I have some SBD waiting to convert to Steem but I think the price could become more favourable in the coming days
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great analysis.
but i think the price of SBD will increase in a few days.
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good analysis ..thanks for sharing @ew-and-patterns
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Nice Information, thanks !
Make sure to check out my airdrops posts too!
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Great buddy thanks..
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thanks for the update news of sbd
carry on dear
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Time to buy SBD with all our Steem at this point! Thanks for the update :)
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it has multiple bottom on the chart. Everything seems to ready for begin to new uptrend.
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Thanks for update.... resteemit done
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What Volume are you looking for to confirm that wave 2 is complete? 3 looks like a massive jump. I know really much about charts slowly learning.
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@ew-and-patterns Upvote my post @steel95
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Your TA about btc means probably will be under 10k in march, so is this possible when the btc is like that
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Yes, because it does not depend much on BTC value. The SBD traded volume is extremly low in the past weeks so a big volume spike could happen anytime soon.
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Thank you for your comment, the first part of this ta estimation has happened i hope the other part will be too :))
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Can you share tradingview link?
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No I can't. Just open it yourself and draw the lower line to watch it.
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That is awesome analysis!I want to know to you that,In this feb have any chance to hit 1SBD = 5USD?
Advance thanks
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