STEEM SBD Charts . The Bull within the Bear

Last I heard we were in a Bear Market. Last I looked price and headlines are in a Bullish momentum. Last I checked the charts, everybody's right.

STEEM

March 12, 2019 . Current Price $0.53

.60 Resistance
.33 Support

Macro Daily Bullish Descending Wedge.

Long Downtrend pressure going back to September of last year.

Recent Uptrend Recovery from Bearish Crypto WInter Lows.

However, Bulls have overperformed. Oscillators are overbought. Price extended beyond the Bullish channel.

What's next? I dunno. Maybe a range between 60 and 30 cents for a while. Or pressure builds in the descending wedge and a bullish breakout to the upside targets of $0.88.

Final thoughts. No expectations. It's just something to keep an eye on. Steem Back Dollars continue to stay close to dollar parity. Steem however doesn't appear ready to do more than range for a while. If one is thinking of cashing in to pay bills, now might not be a bad time unless one is convinced price will continue it's multi day bull run another 30%.

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SBD

March 12 2019

Current Price $1.01

Resistance 1.05 1.14 extension 1.30
Support .87 .83 extension .70s

I'd look for a trend, but it looks flattened against Resistance and consistant selling on any buying pressure. SBD is outperforming STEEM.

Outlook: I dunno. Just something to keep an eye on. If one has good timing, one can increase their steem or sbd by trading the pair like a forex pair depending on which you'd want more of. Right now, you'll get more STEEM for selling SBD. So maybe it's time to accumulate STEEM. Is that the deal? Fun stuff, can't wait to tell the fellas round the wood chipper.

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disclaimer: Follow UpVote Appreciated! 30% of this post's author rewards go to SteemFestDreams. This is not financial advice, just making stuff up as I go. All the best!