This is the prediction of the currency markets using indicators such as bolingers bands alongside supports and resistance levels, meaning the market can be altered by major news events in the days ahead, probably fundamental analysis.
It is evident that they have been some major fall in most crypto currencies the past weeks, but as of now, i can say there is an exponential uprising again. This is actually particular to the bitcoin and etherium. Etherium has actually taken an uprise of about 20% is initial fall. While Bitcoin with its fall from 65, 000/$ to 47, 000/$ is now in a consolidation area of about 54, 000/$.
Steem currency also experienced a fall, from 1.3/$ to 0.6.
At the time of this post publication, it is about 0.85/$.
Coming to our main currency of this post the Steem Blockchain Dollar, it is more trending about 7.5$/SBD.
Using the Bollinger band and stochastics indicators, one could determine and #overbought in the SBD currency. They have been a major and exponential rise the past few days. IT is then evident that, they will be a minor retracement to about $7 or 6.5$/SBD before continuing it's uprising again.
This is actually a daily chart, zoomed to show a clear pictures of the candle sticks.
With all this, it is time for you to choose when to buy more SBD and when to sell. In view of my analysis, you might consider buying more #SBD in the days ahead.
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