Crypto Market Summary for Jun 30, 2020
Major Cryptocurrencies Technical Analysis Market Overview Report for Jun 30, 2020 | by Techniquant Editorial Team
With seven out of the seven Major Cryptocurrencies closing lower today, the ones that stand out on the negative side are ETCUSD losing -1.72% and LTCUSD closing -1.65% 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 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 previous High" stand out. Although it is usually interpreted as bearish, it has actually shown to be bullish for ETC/USD. Out of 360 times, ETCUSD closed higher 51.11% 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 49.72% with an average market move of 2.70%. Read more
Looking at the Minor Cryptocurrencies, the winners of the day have been XVGBTC surging 5.63% and XVGUSD closing 5.06% higher. The worst performers of the day have been BCNUSD tanking -4.29% and LTCCNY closing -3.72% lower.