RE: Market Snapshot - June 20th 2018
Yesterday was another of disappointing days. All previous day profits went away. Overall, we are in a better situation than a few days ago as the markets start to show some movement.
Bitcoin punched $6800 level and then bounced down losing most of the gains and crossing the 50MA, right now seems to be bouncing up and volume is slightly higher.
EOS lost all the previous gains. It seems all the issues going on with the stolen/frozen accounts has not been helpful for the price action. This morning volume came in and now the price is also going up after all MA lines are overlapping in a clear sign of a flat market.
Steem had the same behavior, it reached the 200MA and that acted as a resistance sending the price down again. Volume is bigger and early this morning price seemed to start going up again but the bears took control again. We have to wait to see how the day develops.