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RE: Market Snapshot - August 21st 2018
Bitcoin is clearly on a trading range moving up this morning after a short descent last night. Bulls are pushing the price towards the $6500 resistance again as volume slightly increases. We will have to see how this sideways trading gets broken after the SEC announcement tomorrow.
EOS lost the $5 level after a sudden bear candle unfolded last night. The price reached the downtrend channel line which acted as a support, now the bulls are in control pushing the price up towards the $5 level after crossing the 200MA.
STEEM reached the long-term support after last night drop. It is now slowly moving up with a very tiny volume increase. Price has reached the 200 and 50 MA which are overlapping and we will have to see if that level can be broken.