Crypto Market Summary for Apr 14, 2019


Major Cryptocurrencies Technical Analysis Market Overview Report for Apr 14, 2019 | by Techniquant Editorial Team

Highlights

XRPUSD stuck within tight trading range
ETCUSD finds buyers at key support level
LTCUSD finds buyers around 76.65 for the forth day in a row
BTCUSD finds buyers again around 5031.20
ETHUSD finds buyers again around 162.41
BCHUSD runs into sellers around 291.93 for the third day in a row
EOSUSD pushes through Saturday's high

Summary

With seven out of the seven Major Cryptocurrencies closing higher today, the ones that stand out on the positive side are LTCUSD gaining 6.46% and EOSUSD closing 3.92% higher. None of the markets ended the day in the red.

One of today's most interesting market conditions in the Major Cryptocurrencies showed up in BTCUSD: Among the eight market conditions that our pattern recognition engine identified today, the statistics for the Technical Indicators based market condition "RSI(14) above 70" stand out. Though it is usually interpreted as bearish, it has actually shown to be bullish for BTC/USD. Out of 71 times, BTCUSD closed higher 52.11% of the time on the next trading day after the market condition occurred. The optimal exit for swing trading this condition on the long side has been after 10 trading days, showing a win rate of 74.65% with an average market move of 15.10%. Read more

Looking at the Minor Cryptocurrencies, the winners of the day have been HSRBTC surging 16.27% and LTCJPY closing 6.47% higher. The worst performers of the day have been BTCCNY tanking -5.07% and ETHCNY closing -4.42% lower.

Major Cryptocurrencies Overviews

XRPUSD 0.3296 0.0026 (0.80%) Moving higher for the 2nd day in a row, XRPUSD ended Sunday at 0.3296 gaining $0.0026 (0.8%). Trading up to $0.0037 lower after the open, XRP/USD managed to reverse during the session as bulls took control ending the day above its opening price. Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range in a lackluster session. Read more
ETCUSD 6.46 0.14 (2.22%) ETCUSD finished Sunday at 6.46 gaining $0.14 (2.22%). Trading up to $0.16 lower after the open, the cryptocurrency managed to reverse during the session as bulls took control ending the day above its opening price. Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range. Read more
LTCUSD 83.41 5.06 (6.46%) LTCUSD ended Sunday at 83.41 gaining $5.06 (6.46%). The bulls were in full control today, moving the market higher throughout the whole session. Closing above Saturday's high at 81.69, Litecoin confirmed its breakout through the previous session high after trading up to $2.29 above it intraday. Read more
BTCUSD 5,161.10 70.28 (1.38%) Moving higher for the 3rd day in a row, BTCUSD finished Sunday at 5161.10 gaining $70.28 (1.38%). Closing above Saturday's high at 5128.96, the market confirmed its breakout through the prior session high after trading up to $57.86 above it intraday. Read more
ETHUSD 168.41 3.65 (2.22%) ETHUSD ended Sunday at 168.41 gaining $3.65 (2.22%). Closing above Saturday's high at 166.53, the market confirmed its breakout through the previous session high after trading up to $3.26 above it intraday. Read more
BCHUSD 289.39 10.11 (3.62%) BCHUSD ended Sunday at 289.39 gaining $10.11 (3.62%). Closing above Saturday's high at 288.08, Bitcoin Cash confirmed its breakout through the previous session high after trading up to $3.85 above it intraday. Read more
EOSUSD 5.57 0.21 (3.92%) EOSUSD ended Sunday at 5.57 gaining $0.21 (3.92%). Closing above Saturday's high at 5.46, the cryptocurrency confirmed its breakout through the previous session high after trading up to $0.16 above it intraday. Read more

Detailed Reports

Daily technical analysis candlestick chart for Litecoin/Bitcoin Index (LTCBTC) as at Jul 17, 2019
Jul 17, 2019
Daily technical analysis candlestick chart for Nano/Bitcoin Index (NANOBTC) as at Jul 17, 2019
Jul 17, 2019
Daily technical analysis candlestick chart for Bitcoin/Chinese Yuan Index (BTCCNY) as at Jul 17, 2019
Jul 17, 2019
Daily technical analysis candlestick chart for Bytecoin/US Dollar Index (BCNUSD) as at Jul 17, 2019
Jul 17, 2019
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