SBD update 24.04.18

ew-and-patterns (70) in sbd • 7 years ago (edited)

SBD is right at the apex of this bullish ascending right triangle. The target for this pattern is 6$:

It will likely pop soon, just as BTC did a few hours ago:

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sbd steem cryptocurrency blockchain money

7 years ago by ew-and-patterns (70)

$38.59

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grizgal (55) · 7 years ago

Interesting. Can you do the Steem/ SBD pair? This will help inform the best time to cut over SBD and power up!

$0.20

1 vote

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ew-and-patterns (70) · 7 years ago (edited)

This would not help much. The best time to power up is still when SBD rallys and STEEM can't keep the pace, because SBD can easily run up 5-15$ in a single day, but STEEM can't.
Biggest STEEM increase in one day was 5$.
Biggest SBD increase in one day was 12$.

When SBD hits 20-25$, I expect STEEM to be anywhere in the 8-14$ range.
So an x2 exchange rate is really good, x3 is super awesome. If STEEM really can't keep up, I think even x5 is possible again.

Just for you:

$15.67

6 votes

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grizgal (55) · 7 years ago

Much appreciated. Many thanks!

$0.20

1 vote

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abdulmanan (67) · 7 years ago (edited)

I'm expecting a little higher then you have predicted!
To be more precise 6.5 $.
Hopefully, we will see it again!

$0.00

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crypto-toast (42) · 7 years ago

@ew-and-patterns There is a classic rising wedge formation. It could spike above and then capitulate down :)

Interestingly, against BTC there is a breakout pattern forming on the 4hr chart with very tight consolidation. Seems like SBD is primed for a big move, but a coin flip which way it could go.

$0.00

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philnewton (57) · 7 years ago

We're certainly on the way up. It might be time to grab some more while it's still relatively cheap!

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jos3lider (47) · 7 years ago

He considered that the projection will be a little higher but he will make some correction and you calculate it that way so as not to stay below

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daudimitch (65) · 7 years ago

Very conservative targets, may have to draw your line from the initial impulse waves...If you use the initial impulse wave that would give you a target of 13.45USD, alot of it depends on volume, if we get more sellers now, then the move would sustain longer....