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#SBD short analysis

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BITTREX:SBDBTC   Steem Dollars / Bitcoin
It has been trading withing the monthly support and resistance level of 11500 satoshis and 38700 satoshis accordingly but within the channel there are also weekly levels that are being respected currently sitting at 30700 where resistance was tested and rejected recently and now the direction downwards is looking at the 13500 satoshis support level. Moving around 20800 satoshis, #SBD seems to be a great opportunity to buy around 14k satoshis levels aiming for something above 25k satoshis and if trades are properly placed it could be hit a couple times until there are new signs of a possible move.

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