Daily Steem Dollar Price Update: Up 8%, Chart Is Very Similar To Steem

Steem Dollar is still clearly below Steem in terms of the price, but the move in tandem. Today, SBD is up around 8% at the moment and here is the daily chart:

Comment: We are currently in a resistance area around 2.30 but we need to go much higher in order to change this negative trend. We need to penetrate the descending trendline and then have a daily close above the next major resistance up at 2.90.

According to the Gann Box, we should get our next major move on Thursday next week, so we might bump around for some time before we will get some major action, hopefully to the upside.

Happy Steeming!