SBDUSD trade ideas
SBDUSDSteeem Dollars has been corrected down since it reached $16.57 high. Price went down as low as $2.2 where it found the support, confirmed the 86,5% Fibonacci retracement level applied to the corrective wave up after the uptrend trendline breakout.
After rejecting the support price went up and broke above the downtrend trendline , went back and rejected it. At the moment it looks like the price is likely to continue rising although it remains unclear whether it is a long or a short time trend.
The first resistance is sen at $6.7, confirmed by Fibonacci retracement level, 61.8% applied to the corrective wave after breaking the downtrend trendline.
$SBD ValidationDoes Mark Cuban's new coin investment's business model validate $SBD's content-creation theme? $SBD may break out of large bull pennant as the $CRNC ICO approaches, and hype ensues. One to watch.
steem Dollar. SBD/USDT about to rocket!SBD is looking very bullish and seems as if it has nowhere else for it to go but UP!
Nothing is 100% of course but I believe this downward pointing triangle can really be the end of this lengthy correction we have been sitting on for far too long.
Good luck everyone!
$SBD and $AAPLIf $AAPL is interested in using $SBD for content creation, or a model like it, that may provide a spark to coins like $SBD, which have been largely trading near lower TL's. I would expect a quick move to its upper TL, nearly 30-40% higher.
$SBD holding trendline$SBDUSD is holding its lower TL. This coin is a gapper--once the FOMO spotlight returns, the rise to its upper TL will be rapid. The upper TL is >30% current levels.
SBD BULL FLAG--target $22 100% moveSBD made a bull flag; great bullish continuation pattern. High volume breakout w/ volumes trailing off into consolidation. Height of breakout was ~$11, leading to target of $22 on break of continuation, 100% increase from current levels.
