Today's post is about SBD.
Steem backed dollars is approaching a major key point which could lead to a MASSIVE rally.
This is the analysis I made yesterday into STEEM/BTC
https://steemit.com/steemit/@luiggih/steem-great-momentum-for-bulls-steem-btc-analyzed
Let's focus again on the SBD/BTC.
SBD/BTC 1HR CHART
Channeling that is evolving into a descending pennant.
Check out the huge volatility SBD has had this year.
Zoom in SBD/BTC
Short term current trend
Check out the brekout of the minor short term trend
Conclutions
Steem Backed Dollars (SBD/BTC) has broken the recent bear trend with important size and volume.
However SBD is approaching a major resistance line.
If major bear trend is broken major bull rally will happen.