Top 10 Cryptos
At the moment of writing top 10 assets were slightly bullish, with 6 of them in green and 4 in red.
Looks like we're witnessing another sharp upswing, started a couple of hours ago. We're still below the max values in May.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $2.42 on Coinmarketcap, slightly up from yesterday.
The 1 hour chart suggests stabilization 32k satoshis but the outlook is bullish.
The 1 day chart shows that, for the last 4 days, STEEM traded mostly at or around 32k satoshis
SBD was trading, at the moment of writing, at $1.79 on average, slightly up from yesterday.
The 1 hour chart shows the same flat trading as yesterday, on relatively low volume
The 1 day chart confirms that 23k satoshis is the new level of resistance, which, for now, holds
SBD to STEEM Ratio
At the moment of writing, according to steem.supply, for 1 SBD you get 0.735 STEEM, slightly down from yesterday and below parity
Overall opinion: Markets are a bit more serious today with a slightly more pronounced bullish flavor, but in the absence of significant volume, a new bull trend is out of cards. STEEM is slowly recovering, while SBD is stationary. A decent, albeit not spectacular, start for the 6th month of the year.
Disclaimer: I'm not a trader and this is not trading advice. I'm writing these articles for my own educational purposes and they are not meant as an investment foundation. Please make your own due diligences when investing and never invest more than you can afford to lose.
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me .
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