Crypto Market Summary for Jul 01, 2020


Major Cryptocurrencies Technical Analysis Market Overview Report for Jul 01, 2020 | by Techniquant Editorial Team

Highlights

XRPUSD finds buyers at key support level
ETHUSD fails to close above 20-day moving average
LTCUSD runs into sellers around 42.02 for the forth day in a row
BCHUSD runs into sellers around 226.71 for the third day in a row
BTCUSD pushes through key technical resistance level
EOSUSD finds buyers again around 2.36
ETCUSD closes lower for the 2nd day in a row

Summary

With six out of the seven Major Cryptocurrencies closing higher today, the ones that stand out on the positive side are ETHUSD gaining 2.42% and LTCUSD closing 1.48% higher. On the flipside the worst performer has been ETCUSD closing -0.17% lower.

One of today's most interesting market conditions in the Major Cryptocurrencies showed up in LTCUSD: Among the eight market conditions that our pattern recognition engine identified today, the statistics for the Support/Resistance based market condition "High close to previous three Highs" stand out. While it is usually interpreted as bearish, it has actually shown to be bullish for LTC/USD. Out of 76 times, LTCUSD closed higher 60.53% 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 60.53% with an average market move of 23.29%. Read more

Looking at the Minor Cryptocurrencies, the winners of the day have been ADAUSD surging 16.61% and ADABTC closing 15.18% higher. The worst performers of the day have been STRATBTC tanking -6.12% and STRATUSD closing -4.55% lower.

Major Cryptocurrencies Overviews

XRPUSD 0.1765 0.0013 (0.74%) XRPUSD finished Wednesday at 0.1765 gaining $0.0013 (0.74%). Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range. Read more
ETHUSD 231.05 5.47 (2.42%) ETHUSD finished Wednesday at 231.05 gaining $5.47 (2.42%). Closing above Tuesday's high at 228.66, ETH confirmed its breakout through the previous session high after trading up to $4.11 above it intraday. Read more
LTCUSD 41.80 0.61 (1.48%) LTCUSD finished Wednesday at 41.80 gaining $0.61 (1.48%). 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 223.81 1.59 (0.72%) BCHUSD finished Wednesday at 223.81 gaining $1.59 (0.72%). 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
BTCUSD 9,238.89 102.42 (1.12%) BTCUSD finished Wednesday at 9238.89 gaining $102.42 (1.12%). Closing above Tuesday's high at 9200.99, the market confirmed its breakout through the prior session high after trading up to $98.68 above it intraday. Read more
EOSUSD 2.38 0.01 (0.42%) EOSUSD ended Wednesday at 2.38 gaining $0.01 (0.42%). 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 5.72 -0.01 (-0.17%) Moving lower for the 2nd day in a row, ETCUSD ended Wednesday at 5.72 losing $0.01 (-0.17%). Trading $0.06 higher after the open, ETC/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 in a lackluster session. Read more

Detailed Reports

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