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!

Steem Dollar Is Rising And Breaking Out | Ecency