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 7 days

Next 7 days brief prediction

Price of SBD will be traded in CHANNEL near to $3.5700002 with $3.6740003 as upper border and $2.446 as bottom.

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
$3.491828203201294 Weight: 6.706 22 Jun 2021

Volume profile price channel in 7 days range

Edge levels of the price channel based on volume profile report.
Price Description
3.6740003 Channel maximum price resist level based on 7 days movements
2.446 Channel minimum price resist level based on 7 days movements

Steem Backed Dollars price levels prediction for next 30 days

Next 30 days brief prediction

Price of SBD will be traded in CHANNEL near to $3.468 with $3.784 as upper border and $2.172 as bottom.

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
$3.491828203201294 Weight: 6.706 22 Jun 2021
$1.7992408275604248 Weight: 40.384 04 Jun 2018
$1.7948845624923706 Weight: 9.654 03 Jun 2018

Volume profile price channel in 30 days range

Edge levels of the price channel based on volume profile report.
Price Description
3.784 Channel maximum price resist level based on 30 days movements
2.172 Channel minimum price resist level based on 30 days movements
Highly correlated currencies
Coin Correlation Links
First tier
0.81671363 details, prediction
0.80236703 details, prediction
0.79472 details, prediction
0.76661044 details, prediction
0.7631972 details, prediction
Second tier
0.80026245 details, prediction
0.7951531 details, prediction
0.7870752 details, prediction
0.7859102 details, prediction
0.7839874 details, prediction
Third tier
0.84032136 details, prediction
0.8386568 details, prediction
0.8261438 details, prediction
0.8239911 details, prediction
0.8223478 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
-0.4706397 details, prediction
0.49610037 details, prediction
0.61087906 details, prediction
0.6236869 details, prediction
0.63338053 details, prediction
Second tier
-0.65604657 details, prediction
-0.6509228 details, prediction
-0.63886225 details, prediction
-0.3019962 details, prediction
-0.037858415 details, prediction
Third tier
-0.65133995 details, prediction
-0.6184674 details, prediction
-0.60707474 details, prediction
-0.52964514 details, prediction
-0.51793677 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)