Steem Backed Dollars price prediction

Our price prediction is based on hi-resolution deal analysis from cryptocurrency exchanges. We are collecting and gather statistics to obtain price support levels that show most important zones witch traders want to buy or sell stocks. These buy/sell histograms showed in report combined with current trend analysis can be used to build high probability forecasting of future price trends. It also can be useful to set a price on calculated levels to be sure maximum profit was received.

Disclaimer
Cryptocurrency trading involves substantial risk of loss and is not suitable for every investor. All trading strategies are used at your own risk. This page performs statistical analysis of past data and can be used for assumptions about the future only taking into account the statistical probability

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Steem Backed Dollars price levels prediction for next 24 hours

Next 24 hours brief prediction

Price of SBD has broken last trend and will RAISE from the support level $3.94

Historic price levels for next 24 hours

These levels are based on local historic minimums and maximums. Weight shows the power of broken trends.
Price Weight(level power) Date of formation
$5.877676486968994 Weight: 9.939 13 Dec 2017
$4.759390354156494 Weight: 8.702 17 May 2021
$4.2048563957214355 Weight: 9.416 23 May 2021

Volume profile price channel in 24 hours range

Edge levels of the price channel based on volume profile report.
Price Description
3.94 Minimal price support level based on 24 hours movements

Steem Backed Dollars price levels prediction for next 7 days

Next 7 days brief prediction

Price of SBD is now on EDGE at $5.94. So the next scenario is able. If price will go up it will spend next in CHANNEL near to $5.9700003 with $6.1400003 as upper border and $5.94 as bottom. If price will go down, it will FALL with support level $5.94

Historic price levels for next 7 days

These levels are based on local historic minimums and maximums. Weight shows the power of broken trends.
Price Weight(level power) Date of formation
$5.877676486968994 Weight: 9.939 13 Dec 2017
$4.759390354156494 Weight: 8.702 17 May 2021
$4.2048563957214355 Weight: 9.416 23 May 2021

Volume profile price channel in 7 days range

Edge levels of the price channel based on volume profile report.
Price Description
5.94 Edge price dividing trends based on 7 days movements
6.1400003 Channel maximum price resist level based in case of RAISE trend on 7 days movements
5.94 Channel minimum price resist level based in case of RAISE trend on 7 days movements
5.94 Minimum price support level in case of FALL trend based on 7 days movements

Steem Backed Dollars price levels prediction for next 30 days

Next 30 days brief prediction

Price of SBD has broken last trend and will RAISE from the support level $5.5

Historic price levels for next 30 days

These levels are based on local historic minimums and maximums. Weight shows the power of broken trends.
Price Weight(level power) Date of formation
$7.710556507110596 Weight: 7.672 22 Dec 2017
$5.877676486968994 Weight: 9.939 13 Dec 2017
$4.759390354156494 Weight: 8.702 17 May 2021
$4.2048563957214355 Weight: 9.416 23 May 2021

Volume profile price channel in 30 days range

Edge levels of the price channel based on volume profile report.
Price Description
5.5 Minimal price support level based on 30 days movements
Highly correlated currencies
Coin Correlation Links
First tier
0.62357384 details, prediction
0.6025789 details, prediction
0.5919516 details, prediction
0.5762144 details, prediction
0.56176436 details, prediction
Second tier
0.680153 details, prediction
0.677359 details, prediction
0.6608776 details, prediction
0.65782225 details, prediction
0.6507845 details, prediction
Third tier
0.7681843 details, prediction
0.7000503 details, prediction
0.65892106 details, prediction
0.65246195 details, prediction
0.645738 details, prediction


This report should be leaned to get most info about heading trends. It means that Steem Backed Dollars price can be leaded by other, more mighty cryptocurrency, or maybe some market trend have affect on it.

It can be confidently asserted that any crypto currency has a significant dependence on the market as a whole and, in particular, the top 3 currencies - Bitcoin, Ethereum and Ripple, so the prediction of their prices will affect the price of Steem Backed Dollars
Low correlated currencies
Coin Correlation Links
First tier
-0.577682 details, prediction
-0.46953 details, prediction
-0.07097114 details, prediction
-0.009813767 details, prediction
0.007312809 details, prediction
Second tier
-0.63756835 details, prediction
-0.5258374 details, prediction
-0.50663805 details, prediction
-0.46849817 details, prediction
-0.4672947 details, prediction
Third tier
-0.66560286 details, prediction
-0.6479085 details, prediction
-0.6470185 details, prediction
-0.62437934 details, prediction
-0.60555774 details, prediction


This report should be leaned to build highly diversified portfolio.
It makes sense to mention that a low correlation in this case includes not only coins whose movements are not statistically related but, on the contrary, move in opposite directions (in the case of a negative value of the parameter)