Market Snapshot - May 27th 2018
Top 10 Cryptos
At the moment of writing top 10 assets were bearish
The weekend doesn't seem very bullish in the crypto universe, all assets are going back to the Thursday / Friday levels, erasing yesterday's recovery.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $2.56 on Coinmarketcap, down from yesterday both in fiat and Bitcoin.
The 1 hour chart shows a slow descending slope, but on very low volume, indicating lack of interest (or caution)
The 1 day chart shows 3 consecutive red candles, suggesting the 30-32k satoshis resistance level is in sight
SBD was trading, at the moment of writing, at $1.82 on average, slightly down from yesterday.
The 1 hour chart shows the flat trading around 24k satoshis
The 1 day chart suggest stabilization around 24k satoshis, the last 3 days were all around this level, with vey small variations
SBD to STEEM Ratio
At the moment of writing, according to steem.supply, for 1 SBD you get 0.712 STEEM, slightly up from yesterday and below parity
Overall opinion: The second day of the weekend starts on a bearish sentiment across the top 10 assets, while STEEM is slowly heading down. SBD keeps its level around 24k satoshis.
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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It seems like it’s been a red week not even day
This seems to be good time to enter the market.
This seems to be good time to enter the market.
Gotta stay prepared for the very bearish scenario.
your prediction about sbd are proving, now it's a time to change my sbd's to steem.
i'm just waiting for the market to get down a little bit more.
Seems we have all red today. Thanks for the update
Buying the dips. Za zips
Markets keep slowly moving downwards.
Bitcoin had an additional small bear leg last midnight and now it is trading below $7500 again.
EOS experienced the same behavior but managed to start recovering just two hours ago and now is moving up approaching the 200MA line.
Steem keeps declining against the USD with still insignificant volume. RSI seems to have reached its lowest value showing oversold signs as a small green candle just appeared right now. We will have to see if a small reversal shows or if it is just a minor correction.
Stellar has not disappointed me. Steem is taking rest to bounce back really hard.