RE: Market Snapshot - July 13th 2018
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.
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.
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.