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RE: Market Snapshot - July 22nd 2018

in #steemit7 years ago

Just a wait and see the weekend as the market is waiting for volume to join the party.
Bitcoin keeps on its trading range and bounces down every time it gets closer to the $7500 resistance. Now ranging between that level and the 100 MA line. Volume very low.

Screen Shot 2018-07-22 at 09.13.28.png

EOS volume is very low too and the market keeps on a slow bear trend with 200 MA as the support line.

Screen Shot 2018-07-22 at 09.13.46.png

STEEM has the same pattern as EOS but in this case, the 50MA has just downcrossed the 200MA line which is a downtrend sign. We will have to wait for the rest of the day to see if volume comes in and introduces any interesting movement.

Screen Shot 2018-07-22 at 09.14.01.png