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RE: Market Snapshot - September 25th 2018

in #steemit6 years ago (edited)

A strong correction sent prices back to pre-weekend levels.
Bitcoin went all the way down to $6400 crossing the $6500 support/resistance line again as seen in the 1hr chart.

Screen Shot 2018-09-25 at 12.26.30.png

If we take a look at the daily chart, it seems we are facing another approach to the year lows as stochastic is moving down and has not reached oversold yet. This could be the final run to reach the year lows before facing the expected bull run.

Screen Shot 2018-09-25 at 12.30.43.png

EOS strong correction moved the price close to the $5 level again after a few days above the $6 level. Stochastic is on a low again after the third down leg seems to have ended so we could finally see a trend reversal in the hours to come.

Screen Shot 2018-09-25 at 12.26.51.png

STEEM strong pump due to expected HF just vanished after a few hours and prices went back to $0,90 as volume has declined again. We will have to see how the HF deployment impacts the market today. The stochastic oversold signal may also be an indicator of a reversal.

Screen Shot 2018-09-25 at 12.27.29.png

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I think STEEM is at $0.92, not $0.82. It's just 10 cents, but it matter, IMHO :0

Let's see if we are lucky and price start approaching the $1 level again.