Steeem 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...
Does 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.
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!
If $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.
$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 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.
