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RE: Market Snapshot - July 15th 2018

in #steemit6 years ago

Most assets were just trading sideways yesterday but we had a couple of interesting signals.
Bitcoin managed to cross the 200 MA after several attempts and what is interesting is how the bulls defended that area strongly when the bears started to sell again, that can be seen on the two candles with a big lower wick in the 1hr chart. Now 100MA is approaching the 200 and if they cross it will be a stronger signal of upper movement.

Screen Shot 2018-07-15 at 10.27.19.png

EOS shows the same pattern but with a smaller scale, it is just a signal the asset is following bitcoin dependency with no additional own important trading signs. Here both moving average lines are just touching and the price is slightly above both of them.

Screen Shot 2018-07-15 at 10.27.34.png

STEEM is almost similar to EOS, trading over both MA lines at just $1.3. We will see if we have a strong movement on either direction today or just another flat day to end the weekend.

Screen Shot 2018-07-15 at 10.28.00.png

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