Steem Dollar Is Rising And Breaking Out

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Hello fellow Steemians, as you might be aware of by now, Google is banning all crypto related ads on all their platforms so as a Crypto Content Creator, you would be stupid not to start using Steemit where you can monetize your content.

This is great news for Steemit/Steem/Steemdollar. In this piece I will give you an update on the Steem Dollar price since it is up 10% against Bitcoin right now. Here is the daily chart:

FireShot Capture 1065 - SBDBTC_ 0.00031116 ▲+8.54% — _ - https___www.tradingview.com_chart_AxIWekrr_.png

Comment: Steem Dollar has clearly broken out and the volume is very high and we still have about 11 hours left for the day.

However, there is a lot of resistance in the area of 33000 Satoshi, that is where the bollinger band median is located so be prepared for a fight in this area.

The next major resistance area is around 40000 Satoshi so we will see how far this positive news will take us.

Happy Steeming!