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RE: Market Snapshot - September 7th 2018
It seems the strong downtrend has stopped.
Bitcoin is trading around $6400, around a previous support/resistance line and volume is declining as stochastic has reached oversold in the 4hr chart. We may see the market moving slowly up once volume comes in.
EOS is trading slightly above $5 with the same volume decline as Bitcoin but here stochastic has already started moving upwards although the last 4 hr candle has reversed the small bull trend. We need volume to get a clear direction.
STEEM started recovering yesterday after crossing the previous resistance. It is now at $0,83 on a small retracement waiting for volume to push the market up. Next hours should show a clearer trend.