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RE: Market Snapshot - August 7th 2018

in #steemit6 years ago

The markets are on a trading range since the beginning of the week.
Bitcoin has been up and down the $7000 level which is the 62% Fibonacci retracement line. It has just crossed the 200 MA line this morning. We need to see if that level holds and the market recovers its previous day's losses.

Screen Shot 2018-08-07 at 10.52.22.png

EOS trading range is on the $7 level, where now both 200 and 100 MA have met. If bulls keep pushing up, next resistance level will be at the 50 MA line.

Screen Shot 2018-08-07 at 10.52.48.png

STEEM has also crossed both 200 and 100 MA lines and is trying to reach $1,2 levels after three days ranging below that price level. We need to see if bulls can push the level up too.

Screen Shot 2018-08-07 at 10.53.14.png

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