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RE: Market Snapshot - June 11th 2018

in #steemit6 years ago

What a bearish weekend!
Markets have strongly corrected almost reaching previous lows. Global market cap went all the way below $300B again.

Screen Shot 2018-06-11 at 09.26.52.png

Bitcoin had a stronger price decrease during the day which let the price far below $7000. It did not reach support at $6500 and this morning is bouncing up on what could be a reversal. (4hr chart)

Screen Shot 2018-06-11 at 10.35.26.png

EOS Block Producers Candidates voting has started, at present time it has reached almost 2% and needs a 15% for the green light. Price reached support from previous low in mid May and now seems to be holding. The Mainnet launching may bring bullish forces in.

Screen Shot 2018-06-11 at 09.23.03.png

Finally Steem was not able to keep the $2 mark and is about to reach lows from mid April at $1.7. Volume has experienced a small increase on the last candles and RSI is on its low. Price may end up bouncing up in the following hours.

Screen Shot 2018-06-11 at 09.24.00.png

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