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RE: Market Snapshot - August 11th 2018

in #steemit6 years ago

Touching the lows again after a new RED day.
Finally, after several days downtrending, Bitcoin has reached previous lows on the $6000 level as seen in the daily chart. Price may be ready to go up again if bulls take control but if bears keep pushing we may see ATL in the following days as selling panic may appear. Stochastic shows clear oversold signs but

Screen Shot 2018-08-11 at 09.05.48.png

EOS is back inside the downtrend channel. Last days have experienced a considerable volume increase. Price is in the $5 level approaching the year low of $4. Stochastic showing clear oversold. The market may be expecting good news to reverse the trend.

Screen Shot 2018-08-11 at 09.06.10.png

STEEM has finally reached year lows after falling below $1. We are now at the values we had last December. Volume remains very low at the daily chart and although stochastic shows oversold signs, there are no clear expectations of a trend reversal yet.

Screen Shot 2018-08-11 at 09.06.39.png

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