Crypto Market Summary for Jun 11, 2019


Major Cryptocurrencies Technical Analysis Market Overview Report for Jun 11, 2019 | by Techniquant Editorial Team

Highlights

BTCUSD unable to break through key resistance level
ETCUSD still stuck within tight trading range
EOSUSD closes within prior day's range after lackluster session
ETHUSD runs into sellers again around 248.90
BCHUSD runs into sellers around 398.13 for the third day in a row
LTCUSD climbs to highest close since May 20, 2018
XRPUSD finds buyers again around 0.3834

Summary

With six out of the seven Major Cryptocurrencies closing lower today, the ones that stand out on the negative side are XRPUSD losing -1.58% and EOSUSD closing -1.4% lower. On the flipside the best performer has been LTCUSD closing 5.45% higher.

One of today's most interesting market conditions in the Major Cryptocurrencies showed up in ETCUSD: Among the four market conditions that our pattern recognition engine identified today, the statistics for the Support/Resistance based market condition "High close to prior High" stand out. While it is usually interpreted as bearish, it has actually shown to be bullish for ETC/USD. Out of 266 times, ETCUSD closed higher 51.88% 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 51.50% with an average market move of 4.20%. Read more

Looking at the Minor Cryptocurrencies, the winners of the day have been LTCBTC surging 6.63% and LTCJPY closing 6.61% higher. The worst performers of the day have been BCNUSD tanking -9.07% and HSRBTC closing -6.48% lower.

Major Cryptocurrencies Overviews

BTCUSD 7,922.61 -72.56 (-0.91%) BTCUSD ended Tuesday at 7922.61 losing $72.56 (-0.91%). Closing within the previous day's range, prices failed to decisively move beyond the prior day's trading range. Read more
ETCUSD 8.26 -0.05 (-0.60%) ETCUSD finished Tuesday at 8.26 losing $0.05 (-0.6%). 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
EOSUSD 6.33 -0.09 (-1.40%) EOSUSD finished Tuesday at 6.33 losing $0.09 (-1.4%). Closing within the previous day's range, prices missed to decisively move beyond the prior day's trading range in a lackluster session. Read more
ETHUSD 245.73 -1.25 (-0.51%) ETHUSD ended Tuesday at 245.73 edging lower $1.25 (-0.51%). Closing within the prior day's range, prices missed to decisively move beyond the previous day's trading range in a lackluster session. Read more
BCHUSD 389.04 -4.54 (-1.15%) BCHUSD ended Tuesday at 389.04 losing $4.54 (-1.15%). Closing within the previous day's range, prices missed to decisively move beyond the prior day's trading range in a lackluster session. Read more
LTCUSD 136.13 7.04 (5.45%) Moving higher for the 2nd day in a row, LTCUSD finished Tuesday at 136.13 gaining $7.04 (5.45%) on high volume. Today's close at 136.13 marks the highest recorded closing price since May 20, 2018. Read more
XRPUSD 0.3936 -0.0063 (-1.58%) XRPUSD finished Tuesday at 0.3936 losing $0.0063 (-1.58%). Closing within the previous day's range, prices failed to decisively move beyond the prior day's trading range in a lackluster session. Read more

Detailed Reports

Daily technical analysis candlestick chart for QTUM/US Dollar Index (QTUMUSD) as at Sep 22, 2019
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Daily technical analysis candlestick chart for Bitcoin/Chinese Yuan Index (BTCCNY) as at Sep 22, 2019
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Daily technical analysis candlestick chart for ZCash/Bitcoin Index (ZECBTC) as at Sep 22, 2019
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Daily technical analysis candlestick chart for Dash/US Dollar Index (DASHUSD) as at Sep 22, 2019
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