Crypto Market Summary for Jul 13, 2019


Major Cryptocurrencies Technical Analysis Market Overview Report for Jul 13, 2019 | by Techniquant Editorial Team

Highlights

BTCUSD breaks back below 20-day moving average
XRPUSD finds buyers again around 0.3238
LTCUSD declines to lowest close since May 24th
EOSUSD finds support at 200-day moving average
ETHUSD breaks below key technical support level
ETCUSD runs into sellers again around 6.93
BCHUSD closes within prior day's range after lackluster session

Summary

With seven out of the seven Major Cryptocurrencies closing lower today, the ones that stand out on the negative side are XRPUSD losing -3.89% and LTCUSD closing -3.82% lower. None of the markets managed to end the day in the green.

One of today's most interesting market conditions in the Major Cryptocurrencies showed up in XRPUSD: Among the four market conditions that our pattern recognition engine identified today, the statistics for the Support/Resistance based market condition "Price broke through Technical Support S1" stand out. Though it is usually interpreted as bearish, it has actually shown to be bullish for XRP/USD. Out of 162 times, XRPUSD closed higher 55.56% 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 51.23% with an average market move of 6.97%. Read more

Looking at the Minor Cryptocurrencies, the winners of the day have been BCNUSD surging 10.06% and XVGBTC closing 5.26% higher. The worst performers of the day have been LTCCNY tanking -8.31% and NEOUSD closing -8.22% lower.

Major Cryptocurrencies Overviews

BTCUSD 11,356.24 -430.10 (-3.65%) BTCUSD finished Saturday at 11356.24 losing $430.10 (-3.65%). Closing within the prior day's range, prices missed to decisively move beyond the previous day's trading range. Read more
XRPUSD 0.3310 -0.0134 (-3.89%) XRPUSD finished Saturday at 0.3310 losing $0.0134 (-3.89%). 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 100.93 -4.01 (-3.82%) LTCUSD ended Saturday at 100.93 losing $4.01 (-3.82%). Today's close at 100.93 marks the lowest recorded closing price since May 24th. Closing within the prior day's range, prices missed to decisively move beyond the previous day's trading range. Read more
EOSUSD 4.72 -0.07 (-1.46%) EOSUSD finished Saturday at 4.72 losing $0.07 (-1.46%). 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
ETHUSD 268.72 -6.51 (-2.37%) ETHUSD finished Saturday at 268.72 losing $6.51 (-2.37%). 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
ETCUSD 6.69 -0.22 (-3.18%) ETCUSD ended Saturday at 6.69 losing $0.22 (-3.18%). Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range. Read more
BCHUSD 343.93 -8.83 (-2.50%) BCHUSD ended Saturday at 343.93 losing $8.83 (-2.5%). 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

Detailed Reports

Daily technical analysis candlestick chart for Komodo/Bitcoin Index (KMDBTC) as at Aug 23, 2019
Aug 23, 2019
Daily technical analysis candlestick chart for ZCash/US Dollar Index (ZECUSD) as at Aug 23, 2019
Aug 23, 2019
Daily technical analysis candlestick chart for XMR/US Dollar Index (XMRUSD) as at Aug 23, 2019
Aug 23, 2019
Daily technical analysis candlestick chart for Bytecoin/US Dollar Index (BCNUSD) as at Aug 23, 2019
Aug 23, 2019
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