Technical analysis SteemDollars. SBD-BTC on September 28, 2018

October 8, 2018


The weekly chart demonstrates the possibility of a profitable long-term trading. The market is too oversold, it is forming the ground for a bounce, Stoch RSI is oversold and we often see good impulsive bounces from this zone that we expect to see this time too. Also, MACD has the positive crossing that can push the price up. By the end of this year and at the beginning of this one we can have a growth from +150% up to +300%, but we need to be ready for the all to the support at 12000 or lower (for a short period of time) as RSI can go lower, but in general the market  is ready to form the bullish scenario. Now it is better to wait for the fall to the support level before expecting the global growth.

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