Crypto Market Summary for Jun 30, 2020


Major Cryptocurrencies Technical Analysis Market Overview Report for Jun 30, 2020 | by Techniquant Editorial Team

Highlights

XRPUSD dominated by bears dragging the market lower throughout the day
LTCUSD finds buyers around 40.76 for the third day in a row
ETHUSD unable to break through key resistance level
BTCUSD stuck within tight trading range
EOSUSD stuck within tight trading range
BCHUSD closes within prior day's range after lackluster session
ETCUSD runs into sellers again around 5.85

Summary

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.

Major Cryptocurrencies Overviews

XRPUSD 0.1752 -0.0021 (-1.18%) XRPUSD ended the month -13.44% lower at 0.1752 after losing $0.0021 (-1.18%) today. The bears were in full control today, moving the market lower throughout the whole session. 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
LTCUSD 41.19 -0.69 (-1.65%) LTCUSD finished the month -9.67% lower at 41.19 after losing $0.69 (-1.65%) today. Closing within the prior day's range, prices missed to decisively move beyond the previous day's trading range. Read more
ETHUSD 225.58 -2.28 (-1.00%) ETHUSD ended the month -2.65% lower at 225.58 after losing $2.28 (-1.0%) today. 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
BTCUSD 9,136.47 -50.60 (-0.55%) BTCUSD finished the month -3.32% lower at 9136.47 after losing $50.60 (-0.55%) today. 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 2.37 -0.01 (-0.42%) EOSUSD ended the month -11.57% lower at 2.37 after losing $0.01 (-0.42%) today on low volume. 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 222.22 -3.01 (-1.34%) BCHUSD ended the month -6.92% lower at 222.22 after losing $3.01 (-1.34%) today. 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 5.73 -0.10 (-1.72%) ETCUSD finished the month -17.55% lower at 5.73 after losing $0.10 (-1.72%) today. Read more

Detailed Reports

Daily technical analysis candlestick chart for Aelf/Bitcoin Index (ELFBTC) as at Sep 20, 2020
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Daily technical analysis candlestick chart for Cardano/Bitcoin Index (ADABTC) as at Sep 20, 2020
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Daily technical analysis candlestick chart for Ardor/Bitcoin Index (ARDRBTC) as at Sep 20, 2020
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Daily technical analysis candlestick chart for Ripple/Bitcoin Index (XRPBTC) as at Sep 20, 2020
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