SBD has really gone ballistic as it is trading at $15.29 up more than 13% today. Few months back it was one of most weakest digital currency much lower than Steem but now it has four times in value of Steem.
I myself has accidently looked at it price and I have got pleasing shock when I see its price and its been months since I had done tecnical analysis on this digital currency but after looking at its price today, I forced to write TA on it.
Before going any further, first look at chart of this script below.......
First and foremost I want to draw your attention on Blue Arrow on chart above. Before any big moves, 'Big Boys' have tendency to fill their kitty first and Blue arrow on chart above is actually pointing towards volumes bar which was really spiked and suggesting or indicating major moves and that big move happened not on that day but few days later after doing some churning.
Yellow Arrow is pointing towards Big surge which was outcome of major position or volumes happened days before and this given day SBD had surged more than $10 in single day which is why their is huge candle appeared on charts.
If one can notice at moving averages that how those gone from dead momentum to super bullish momentum which is still intact. In fact 10 days EMA is now acting as support to SBD which is sign on solid platform.
After that single day big move, this script has gone sideways, volumes are also below average but bullish momentum is still intact and $18 level is now a resistance area as SBD has retreat two times after touching it, so that level need to be cleared for further gains.
At last, I must say i am amazed to see this much of gain but nevertheless we as Steemian wish that to happen again and again.
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