SBDUSD
Steeem Dollars has been corrected down since it reached $16.57 high. Price went down as low as $2.2 where it found the support, confirmed the 86,5% Fibonacci retracement level applied to the corrective wave up after the uptrend trendline breakout.
After rejecting the support price went up and broke above the downtrend trendline , went back and rejected it. At the moment it looks like the price is likely to continue rising although it remains unclear whether it is a long or a short time trend.
The first resistance is sen at $6.7, confirmed by Fibonacci retracement level, 61.8% applied to the corrective wave after breaking the downtrend trendline.
After rejecting the support price went up and broke above the downtrend trendline , went back and rejected it. At the moment it looks like the price is likely to continue rising although it remains unclear whether it is a long or a short time trend.
The first resistance is sen at $6.7, confirmed by Fibonacci retracement level, 61.8% applied to the corrective wave after breaking the downtrend trendline.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.