Just popping in between shows and see Steem Dollars on Poloniex charting a potentially new, higher support level. Sure a single whale trader can destroy this by the time we get done watching tonight's SNL rerun but the good news is as volume grows so does the market resistance of a whale dump.I know you knew that also, just pointing out the positive.
Let's take a look at the one week chart with my support lines as of 11:30pm EST Saturday:
Now let's look at the 1 month chart on Poloniex:
Based solely on my personal experience, Steem Dollars has charted like almost every surviving coin I've ever gotten involved in. It's like deja vu looking at this damn thing, and that's good in my opinion. Often this chart stretches out up to three months before a coin bottoms out and starts to get it's legs.
In case anyone who followed my overnight basic trade style for SBD, It's over and here's my data/example:
Happy Sunday all, I'm heading back to the theater room.