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RE: Market Snapshot - July 18th 2018

in #steemit6 years ago

More and more green volume let all crypto assets develop a nice uptrend. Global market cup almost reached $300b again.

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Bitcoin punched the $7500 resistance line in Coinbase. It was a surprise how fast it gained that level which can be a signal of how strong it may raise once the market consolidates a clear reversal. I still think we need the price to reach $8000 to be on a real uptrend, but the way things are unfolding is promising.

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EOS managed to hit $9 value and touch the upper line of the downtrend channel before retracing. If the price clearly crosses that level we could see the price start the bull race towards previous highs.

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STEEM also had a nice bull run as volume came in and managed to break the descending triangle. It is approaching the $1,9 level of previous high. 200 and 100 MA just overlapped showing the bullish direction.

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