RE: Market Snapshot - September 1st 2018
We had a recovering day yesterday, markets gained most of the loses from the day before.
Bitcoin reached the $7000 level again after the 50 and 100 MA crossed and a 5 hr short uptrend left the prices at the level they are right now. Volume has been declining this morning and stochastic is on the way down but if the price can maintain the current levels we may reach short-term highs again.
EOS experienced a fantastic bull run which sent the price above previous high at $6,5 after crossing the 50MA line again. There seems to be a minor retracement this morning but uptrend looks still strong and the previous resistance may act as a support to keep price from dropping.
STEEM keept going up little by little and gaining some of the losses from the day before. It just crossed the 100 MA this moring and is trading at $0,95. Volume is very low again but the market may keep the current trend for the day if bitcoin correlation does not push prices down.