RE: Market Snapshot - August 13th 2018
Downtrend stopped yesterday but the markets are still deciding if they are ready for a reversal.
Bitcoin hourly chart had a big bull candle yesterday afternoon and has been creating a symmetric triangle since then, it managed to cross the 200MA and volume has been decreasing getting ready to break on the up or downside. Market trading around $6300 now.
EOS has a similar pattern, the market reacted up yesterday and today is slightly gaining price but still not reached the 200 MA. Volume is still considerable and price trading around $5,1
STEEM still trading below $1. It had a strong bull reaction yesterday evening punching the 200MA and then retraced strongly. Volume is decreasing and there is no clear market trend yet. Stochastic is on the upper area but not showing clear overbought signs.
Nice analysis up there.