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RE: Market Snapshot - May 9th 2018
Although most altcoins are red today, we can still consider this is a correction from the uptrend initiated in April.
Bitcoin 4hr chart shows price has crossed 50 and 100MA but the support at $9000 is still holding the price to go further down.
EOS seem to be supporting this downtrend in a much better position as the price keeps ranging and has not experienced a bigger correction after the initial days.
STEEM has jumped out of the upper trend channel as seen on the STEEM/BTC 4hr chart but we can consider still an uptrend correction showing a bull flag.
The bull flag gets even clearer when we check the STEEM/USD chart.