Market Snapshot - May 31st 2018
Top 10 Cryptos
At the moment of writing top 10 assets were predominantly bullish, with 8 of them in green and only two in red.
There has been a sharp recovery during the last few hours, stopping the dip started yesterday. Market seems hairy today.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $2.37 on Coinmarketcap, slightly up from yesterday.
The 1 hour chart shows sideways trading after yesterday's recovery, keeping the price around or slightly below 32k satoshis.
The 1 day chart confirms the resistance around 32k satoshis is holding
SBD was trading, at the moment of writing, at $1.76 on average, slightly up from yesterday.
The 1 hour chart shows flat trading on low volume
The 1 day chart suggests the 22-23k satoshis is the new stable level for SBD now
SBD to STEEM Ratio
At the moment of writing, according to steem.supply, for 1 SBD you get 0.737 STEEM, slightly down from yesterday and below parity
Overall opinion: Markets are hairy today, meaning there's quite a bit of indecision, price moving up and down without a clear trend. STEEM and SBD are mostly stationary.
Disclaimer: I'm not a trader and this is not trading advice. I'm writing these articles for my own educational purposes and they are not meant as an investment foundation. Please make your own due diligences when investing and never invest more than you can afford to lose.
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.
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Market is very quiet these past few days.
Looking forward to SMTs.
Me too :)
Thanks for the update my friend
Keeping hopes high and crossing our fingers, the market is truly fluctuating in terms of price .
The market is going up, things are correcting, good news for holders.
Well the recovery is good, but not enough. I hope this upward trend last a while. Thanks for the info
I am happy to see recovery.
@dragosroua I am now getting excited for the EOS Launch. Another Victory Lap for Dan Larimer....................
Market is going up, thats a good new for all.
steem and sbd are in bearish movement now but I think they will be bollish again.
The lowering in the value of steem is making me worried
This is time to invest brother, the game is about to change
I hope so