8 work? I think its a good buy zone. And i m waiting a volatility candle.
We just saw a bullish rally to ~$1.60 and are now retracing. The question is where will we find buoyancy. Using past support lines, a broadening pattern discernment, and Elliot Waves to hit ~$1.85 in the short-term.
Steem is moving sideways since early June between roughly 0.95 and 1.60 USD. The chart doesn't look too bullish here but the steep rise in spring certainly needed time to be digested. If 0.90 USD does not hold there is potential for a sell off down to 0.30 USD. On the upside it would be good to see prices back above the 50MA and above the 200EMA. Bollinger...
The Daily chart is looking nice with the 200sma support right below the price. It had a much needed breather and now looks ready to reverse higher near the .236 fibonacci retracement level. I also made my first post on steemit today :D steemit.com steem.io coinmarketcap.com
Steem looks like its getting close to a bottom, watching for a reversal in the near future as we head near the 200sma on the daily chart. The longterm outlook on steem is bright since steemit is revolutionizing the way people share content. This could easily move back up to previous resistance near the .236 to .382 fibonacci retracement levels. Accumulation and...
Fundamentals: Good dev team, been around long, growing user base, lots of real world applications for the currencies, therefore lots of liquidity and good distribution Uncertainties: Not sure about the inflation model of the steemit platform, and how this affects the value of SBD. Also, Bitcoin rising in the near future could certainly hurt the SBDBTC pair