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RE: Market Snapshot - August 9th 2018
Markets may be ready to bounce after a bloody journey.
Bitcoin had a third dowtrend leg which send the price to levels as low as $6150. The market bounced and is trading around the 78 Fib Retracement level. Stochastic shows strong oversold in the 4hr chart and volume is considerable let's see if bulls start taking control.
EOS had one of the strongest loses. Prince is back into the downtrend channel trading around $5.6 after bouncing last night. Strong volume in place and stochastic showing clear oversold.
STEEM finally hit $1 levels before ending the bear run and bouncing up. Volume is also considerable and stochastic shows oversold. All markets are giving clear signs of a reversal.