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RE: Market Snapshot - September 7th 2018

in #steemit6 years ago

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.

Screen Shot 2018-09-07 at 10.07.52.png

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.

Screen Shot 2018-09-07 at 10.08.12.png

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.

Screen Shot 2018-09-07 at 10.08.30.png

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