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RE: Market Snapshot - May 18th 2018
Bear trend keeps in place. Bitcoin has punched the $8000 level and it may reach the $7800 support line and if that line does not stop the trend, we might see the price reaching the $6500 level again.
EOS has reached the 62% retracement Fibonacci line from the previous uptrend on the daily chart. Markets seem to be in little trading range showing indecision and deciding if bulls will push up or bears will continue to move further down.
Finally, STEEM seems to be stabilized around the 34K satoshi. But the price could be approaching the 32K line again
As bitcoin price keeps going down the STEEM/USD chart shows downtrend still in place with a support on the $2,55 level. The 4hr chart shows some dojis and that could be an indicator of reversal.
I looks like it's gonna be a rough weekend.