RE: Market Snapshot - July 17th 2018
Nice bullish day for all crypto assets yesterday. I used 4hr charts today to see a broader picture.
Bitcoin is having a retracement after gaining $400. Nice volume increase which sent prices back above the uptrend line started at the end of June. If price crosses the resistance at $6800 uptrend will probably consolidate.
EOS also had a nice pump and reached 100MA line which acted as resistance this morning. Prices still need to reach 78% Fib level from previous high retracement in order to get out of the downtrend channel. Total EOS trading volume keeps growing and is just third crypto asset behind BTC and ETH.
STEEM finally got a nice pump up and reached $1,4. There is a big ressistance with 100 and 200 MA lines overlapping and the upper descending triangle line. If the asset breaks that out we will probably have a strong nice uptrend again.