Crypto Market Summary for Nov 10, 2019


Major Cryptocurrencies Technical Analysis Market Overview Report for Nov 10, 2019 | by Techniquant Editorial Team

Highlights

LTCUSD pushes through key technical resistance level
ETHUSD finds buyers again around 183.70
BCHUSD finds buyers at key support level
BTCUSD breaks back above 20-day moving average
XRPUSD unable to break through key resistance level
EOSUSD pushes through Saturday's high
ETCUSD closes within prior day's range

Summary

With six out of the seven Major Cryptocurrencies closing higher today, the ones that stand out on the positive side are BCHUSD gaining 3.73% and EOSUSD closing 3.16% higher. On the flipside the worst performer has been XRPUSD closing -0.14% lower.

One of today's most interesting market conditions in the Major Cryptocurrencies showed up in BTCUSD: Among the six market conditions that our pattern recognition engine identified today, the statistics for the OHLC Patterns based market condition "White Candle" stand out. Its common bullish interpretation has been confirmed for BTC/USD. Out of 793 times, BTCUSD closed higher 54.48% 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 60.78% with an average market move of 7.71%. Read more

Looking at the Minor Cryptocurrencies, the winners of the day have been XLMUSD surging 8.52% and VETBTC closing 6.78% higher. The worst performers of the day have been KMDBTC tanking -9.82% and KMDUSD closing -7.06% lower.

Major Cryptocurrencies Overviews

LTCUSD 63.62 1.39 (2.23%) Moving higher for the 2nd day in a row, LTCUSD ended Sunday at 63.62 gaining $1.39 (2.23%). Today's close at 63.62 marks the highest recorded closing price since September 23rd. Closing above Saturday's high at 62.37, the cryptocurrency confirmed its breakout through the prior session high after trading up to $3.55 above it intraday. Read more
ETHUSD 189.22 3.79 (2.04%) Moving higher for the 2nd day in a row, ETHUSD ended Sunday at 189.22 gaining $3.79 (2.04%). Closing above Saturday's high at 185.69, Ethereum confirmed its breakout through the prior session high after trading up to $6.22 above it intraday. Read more
BCHUSD 293.35 10.56 (3.73%) Moving higher for the 2nd day in a row, BCHUSD ended Sunday at 293.35 gaining $10.56 (3.73%) on low volume. Closing above Saturday's high at 283.76, the market confirmed its breakout through the previous session high after trading up to $15.26 above it intraday. Read more
BTCUSD 9,050.68 239.46 (2.72%) BTCUSD finished Sunday at 9050.68 gaining $239.46 (2.72%). Closing above Saturday's high at 8881.08, the cryptocurrency confirmed its breakout through the previous session high after trading up to $245.90 above it intraday. Read more
XRPUSD 0.2793 -0.0004 (-0.14%) XRPUSD finished Sunday at 0.2793 edging lower $0.0004 (-0.14%). Trading $0.0043 higher after the open, XRP was unable to hold its gains as the bears took control ending the day below its opening price. 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
EOSUSD 3.59 0.11 (3.16%) Moving higher for the 2nd day in a row, EOSUSD ended Sunday at 3.59 gaining $0.11 (3.16%). Closing above Saturday's high at 3.50, EOS confirmed its breakout through the previous session high after trading up to $0.17 above it intraday. Read more
ETCUSD 5.04 0.08 (1.61%) ETCUSD finished Sunday at 5.04 gaining $0.08 (1.61%). Closing within the prior day's range, prices missed to decisively move beyond the previous day's trading range. Read more

Detailed Reports

Daily technical analysis candlestick chart for Waves/Bitcoin Index (WAVESBTC) as at Dec 14, 2019
Dec 14, 2019
Daily technical analysis candlestick chart for Private Instant Verified Transaction/US Dollar Index (PIVXUSD) as at Dec 14, 2019
Dec 14, 2019
Daily technical analysis candlestick chart for Ethereum/British Pound Index (ETHGBP) as at Dec 14, 2019
Dec 14, 2019
Daily technical analysis candlestick chart for Ethereum/Bitcoin Index (ETHBTC) as at Dec 14, 2019
Dec 14, 2019
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