Long

SteemDollars Support & Resistance | Bulls Favored

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 trading above MA200 as well as EMA10, EMA50, and other major moving average lines.
The MACD is on the bullish zone and starting to curve.
The RSI is strong/bullish above 50 and positioned to move higher.
The smaller capped altcoins are extremely bullish and SBDBTC is part of this group.

You can find additional targets if you zoom out.
This is not financial advice.

Thanks a lot for reading.

Namaste.

AlanSantana

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