SBD Rallied As Expected, What's Next? | Technical Analysis by spenceryan

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cryptocurrency · @spenceryan · Jan 21 '18

$89.13

SBD Rallied As Expected, What's Next? | Technical Analysis

## *This post is 100% speculative and is not a “signal” nor is it investment advice.*

Two days ago I wrote an article [here](https://steemit.com/cryptocurrency/@spenceryan/could-we-see-sbd-rise-or-technical-analysis) about the expectation I had for SBD to rally up. There was a beautiful harmonic pattern with some nice candle price action indicating a bull run.

About a day later and we had that rally which is what we are seeing now. Price is right in those key levels I was mentioning for the immediate future. Here is a snapshot of what is going on currently:

![80bkonRf.png](https://res.cloudinary.com/hpiynhbhq/image/upload/v1516561971/cnhfrxoul78lucl1lvyg.png)

We have seen price hit the 61.8% retracement area of the CD leg so it’s possible we could see some downward movement. Price is currently sitting at resistance at 6.80 so if we break through that’s what I would be expecting. Something to keep in mind is that the resistance zone at where it is sitting at the $7-7.70 area could push price back down into a downtrend. We are even seeing some indecision with the current candle formation.

Again in the long term I am seeing SBD to as high as $17 but we don’t know what will happen in between now and then. Time will tell.

>I believe that everything I desire to accomplish, will in fact be accomplished.
@spenceryan

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👍 kpine, busy.org, flauwy, juicy-shark, cryptokraze, nickshepard, stackin, lrd, opaulo, kettleandseagull, cryptwo, chrispy99, domirep, team101, czarnywegorz, druidcruize, jesus.christ, vishalmukadam, jeanlucsr, cryptodollar1, snackaholic, whoknowswho, evoclen, ugryzh, merck4hire, b-s

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@cryptodollar1 · Jan 21 '18

To the moon!🚀💰

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@cryptokraze · Jan 21 '18 (edited)

$3.48

Steem and SBD are going great and I am sure about 10$ plus on both in february when bitcoin will be breaking these resistances and soard above 17000. Lets see what next weeks bring to the market.

👍 cryptokraze

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@flauwy · Jan 22 '18

I am saving up my SBD for the big bang. @ew-and-patterns and @haejin speak of even higher targets. Pretty crazy stuff considering what that means for all our daily payouts. Oo

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@frankabelle · Jan 21 '18

Yes, i think your speculations can play out, studying the pattern of upward and downward trend in the past few weeks....but all the same SBD is siting high.

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@mysearchisover · Jan 21 '18

RIze to $1000 with some bumps along the way.

👍 mysearchisover

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@shifat · Jan 21 '18

We expect that SBD price will go higher that we never can imagine ✌️🤔😮 as like "Mountains"

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@team101 · Jan 21 '18

$0.18

Say what?  "They will come"!
https://media.giphy.com/media/A22zFrVyqeFUs/giphy.gif

👍 rangertx

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@vishalmukadam · Jan 21 '18 (edited)

I guess when BTC will touch $15000 USD, I expect the SBD will touch $13 for one SBD.
I really liked your Dtube tshirt which your wearing in your profile pic, Awesome!

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