Top 10 Cryptos
At the moment of writing top 10 assets were bullish, with all of them in green and 2 of them, Bitcoin Cash and Ripple, posting double digit growth.
Bitcoin kept the gains pocketed at the beginning of the week and prepares for the weekend in a stable shape. Building on this stability, the bullish sentiment grows across the altcoins, which are seeing bigger gains.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $3.06 on Coinmarketcap, up from yesterday, breaking over $3 for the third time in the last 7 days.
The 1 hour chart shows a sideways-to-bullish pattern, with flat intervals and with higher lows on corrections, suggesting the token may try to lock in a new resistance level at 37k satoshis
The 1 day chart shows consolidation around 37k satoshis after the last 3 consecutive spikes.
SBD was trading, at the moment of writing, at $3.06 on average, up from yesterday and basically at parity with STEEM.
The 1 hour chart shows a similar patter with STEEM, only the upper wicks are longer and candle bodies smaller, indicating that, while still appreciating, there is a relevant bearish pressure on the token
The 1 day chart suggests consolidation around 36.5k satoshis
SBD to STEEM Ratio
At the moment of writing, according to steem.supply, for 1 SBD you get 1.005 STEEM, up from yesterday and slightly above parity
Overall opinion: Overall, markets are ending the week on a very positive vibe, although the gains are not spectacular. The consistency showed by all the major crypto assets is encouraging. SBD appreciated slightly and reached parity again with STEEM. Both tokens are advancing in a less hairy way, which indicates more constant interest and less pump and dump behavior.
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 
Wanna know when you're getting paid?
|
I know the feeling. That's why I created steem.supply, an easy to use and accurate tool for calculating your Steemit rewards |