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RE: Market Snapshot - July 13th 2018

in #steemit6 years ago

Markets had a little rebound last night but not a big reaction.
Bitcoin had a nice big bear candle at 11pm but the bulls pushed hard and reversed the bear into a bull candle with a big lower wick. It was the first push reaction when the price was getting closer to $6000. Volume is very low again and we have to wait to see if the price keeps moving up towards the 200MA and trend line or reverses down again.

Screen Shot 2018-07-13 at 10.21.46.png

EOS had a similar push but managed to cross the 200MA line and reach $7 levels. Volume is also declining and a bull flag pattern seems to be developing.

Screen Shot 2018-07-13 at 10.21.57.png

STEEM reaction was stronger on the way up and is also stronger now developing a bull flag above the 200MA line. Volume is declining and we will have to see if the moving average acts as a support and does not let the price go below it.

Screen Shot 2018-07-13 at 10.22.21.png

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