Crypto Market Summary for Jan 18, 2020


Major Cryptocurrencies Technical Analysis Market Overview Report for Jan 18, 2020 | by Techniquant Editorial Team

Highlights

BTCUSD closes higher for the 2nd day in a row
XRPUSD breaks above 100-day moving average for the first time since November 10, 2019
ETHUSD pushes through Friday's high
BCHUSD breaks below key technical support level
EOSUSD closes within prior day's range
ETCUSD finds buyers again around 8.06
LTCUSD breaks below key technical support level

Summary

With four out of the seven Major Cryptocurrencies closing lower today, the ones that stand out on the negative side are ETCUSD losing -13.15% and BCHUSD closing -3.84% lower. On the flipside the best performers have been ETHUSD closing 3.26% higher and XRPUSD gaining 2.88%.

One of today's most interesting market conditions in the Major Cryptocurrencies showed up in EOSUSD: Among the five market conditions that our pattern recognition engine identified today, the statistics for the Technical Indicators based market condition "Close crossed below the upper Bollinger Band" stand out. While it is usually interpreted as bearish, it has actually shown to be bullish for EOS/USD. Out of 34 times, EOSUSD closed higher 50.00% 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 64.71% with an average market move of 16.72%. Read more

Looking at the Minor Cryptocurrencies, the winners of the day have been STEEMBTC surging 27.54% and BCNUSD closing 14.61% higher. The worst performers of the day have been ZECBTC tanking -13.54% and ZECUSD closing -13.32% lower.

Major Cryptocurrencies Overviews

BTCUSD 8,941.86 13.78 (0.15%) Moving higher for the 2nd day in a row, BTCUSD finished Saturday at 8941.86 gaining $13.78 (0.15%). Today's close at 8941.86 marks the highest recorded closing price since November 10, 2019. Trading up to $87.57 lower after the open, the market managed to reverse during the session as bulls took control ending the day above 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
XRPUSD 0.2466 0.0069 (2.88%) Moving higher for the 2nd day in a row, XRPUSD ended Saturday at 0.2466 gaining $0.0069 (2.88%). Today's close at 0.2466 marks the highest recorded closing price since November 20, 2019. Closing above Friday's high at 0.2441, XRP/USD confirmed its breakout through the previous session high after trading up to $0.0105 above it intraday. Read more
ETHUSD 176.89 5.58 (3.26%) Moving higher for the 2nd day in a row, ETHUSD ended Saturday at 176.89 gaining $5.58 (3.26%). Today's close at 176.89 marks the highest recorded closing price since November 18, 2019. Closing above Friday's high at 174.17, ETH confirmed its breakout through the prior session high after trading up to $4.99 above it intraday. Read more
BCHUSD 353.54 -14.11 (-3.84%) BCHUSD ended Saturday at 353.54 losing $14.11 (-3.84%) on high volume. Trading $36.29 higher after the open, BCH/USD was unable to hold its gains as the bears took control ending the day below its opening price. Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range. Read more
EOSUSD 3.84 -0.14 (-3.52%) EOSUSD ended Saturday at 3.84 losing $0.14 (-3.52%). Trading $0.10 higher after the open, the cryptocurrency 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. Read more
ETCUSD 8.72 -1.32 (-13.15%) ETCUSD ended Saturday at 8.72 tanking $1.32 (-13.15%) on high volume. This is the biggest single-day loss in over six months. Closing within the prior day's range, prices missed to decisively move beyond the previous day's trading range. Read more
LTCUSD 60.07 -0.85 (-1.40%) LTCUSD finished Saturday at 60.07 losing $0.85 (-1.4%). 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 NEO/US Dollar Index (NEOUSD) as at Apr 04, 2020
Apr 04, 2020
Daily technical analysis candlestick chart for Litecoin/Euro Index (LTCEUR) as at Apr 04, 2020
Apr 04, 2020
Daily technical analysis candlestick chart for Ripple/Bitcoin Index (XRPBTC) as at Apr 04, 2020
Apr 04, 2020
Daily technical analysis candlestick chart for Ethereum/Euro Index (ETHEUR) as at Apr 04, 2020
Apr 04, 2020
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