Few weeks ago I told you about why I bought 1000SBD. At that time SBD price was around 27000 Satoshi. If you take a look on the charts, you will see that we have more than 30% increase since then. The AMAZING thing is that it is not over. I will show you the charts to have a clear overview about SBD coin.
First of all, let's take a look at 4H chart.
- As you can see, we have a clear uptrend.
- Strong resistance on the middle of Bollinger Bands.
- Stochastic and RSI sustain the uptrend.
- RSI above 50 level which confirms the uptrend.
Let's take a look at 1D chart.
- Again, RSI above 50 level which confirms the uptrend.
- EMA10 above EMA20 - second confirmation for uptrend.
- MACD and Stochastic confirms again the uptrend.
But the amazing thing is following. Take a look at 1W chart.
- RSI is about to cross the 50 level which confirms the potential rise for SBD
- Stochastic is out of oversold level and confirms the uptrend.
- MACD is about to cross the red line.
- We are waiting the EMA10 to cross the EMA20 to confirm the uptrend.
We don't need other indicators. I think it's very clear for this coin that will be huge.
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