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RE: Market Snapshot - May 19th 2018

in #steemit6 years ago

Yesterday the markets had a little break on the previous day's downtrend. Bitcoin bounced up after hitting the $8000 support. It reached the fifth Eliott Wave (4hr graph) and reversed to start an impulsive one, but volumes are not big so we have to wait and see how the market behaves in the following hours.

Screen Shot 2018-05-19 at 09.27.13.png

EOS 1hr chart shows a symmetric triangle as the 50 and 100 moving averages converge. An imminent breakout is expected but the direction is uncertain.

Screen Shot 2018-05-19 at 09.15.46.png

Finally, STEEM was one of the gainers of the day seen in the Steam/BTC 1hr chart. It clearly reversed its trend and punched the 37K satoshi level, now is experiencing a minor retracement but market may keep its uptrend direction.

Screen Shot 2018-05-19 at 09.19.53.png