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RE: Market Snapshot - August 19th 2018

in #steemit6 years ago

We had the weekend retracement yesterday.
Bitcoin lost the $6500 level after reaching the $6600. A strong big bear candle left the prices in the $6300 level below the 100 MA line. We will see if the market remains in a trading range today or is able to push up again crossing the resistance.

Screen Shot 2018-08-19 at 10.19.13.png

EOS also had a strong decline as all the alts, but it managed to remain above the $5 level trading slightly higher than the downtrend channel line. Volume is quite low this morning and a new triangle is forming which may break up or down.

Screen Shot 2018-08-19 at 10.19.29.png

STEEM strong decline sent the prices below all MA lines losing the $1 level again. Now the volume is extremely low and the market has been developing a triangle between the 200 and the 100 MA line. With such a low volume, the day may just follow the trend bitcoin will develop.

Screen Shot 2018-08-19 at 10.19.48.png

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