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RE: Market Snapshot - September 13th 2018

in #steemit6 years ago

No clear trend yet but the markets show a little green reaction.
Bitcoin reversed the gradual downtrend to a very smooth uptrend in the 1hr chart, crossing the 50 and 100 MA lines and the long-term downtrend line. A nice bigger bull candle reached $6400 level at midnight trying to reach the 200 MA line. This morning the market is quite stable trading just below $6400 and waiting for volume to join and decide if bulls keep pushing up. New GUSD stable coin from Gemini might be the cause of this minor reaction.

Screen Shot 2018-09-13 at 09.08.36.png

EOS had the same pattern with a bigger bull candle at midnight trying to punch the $5,2 level. Now the market is trading just below $5 and the volume is decreasing and waiting for a stronger reaction. We will have to see if the 200MA can be crossed or acts as a resistance.

Screen Shot 2018-09-13 at 09.08.52.png

STEEM had a much clearer bounce with a nice bull trend since yesterday morning. It just reached the 50 MA line which has acted as a resistance creating a little bull flag. Again, we need more volume to see a stronger reaction.

Screen Shot 2018-09-13 at 09.09.10.png

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