Crypto Market Summary for Jul 02, 2020


Major Cryptocurrencies Technical Analysis Market Overview Report for Jul 02, 2020 | by Techniquant Editorial Team

Highlights

LTCUSD slips to lowest close since April 21st
ETHUSD finds buyers around 223.14 for the third day in a row
XRPUSD closes within prior day's range
ETCUSD finds buyers at key support level
EOSUSD ends the day indecisive
BCHUSD runs into sellers around 225.43 for the third day in a row
BTCUSD breaks below Wednesday's low

Summary

With seven out of the seven Major Cryptocurrencies closing lower today, the ones that stand out on the negative side are ETHUSD losing -1.97% and BCHUSD closing -1.83% 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 ETHUSD: Among the seven market conditions that our pattern recognition engine identified today, the statistics for the Support/Resistance based market condition "Price broke through Technical Support S1" stand out. Although it is usually interpreted as bearish, it has actually shown to be bullish for ETH/USD. Out of 188 times, ETHUSD closed higher 59.04% 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 55.85% with an average market move of 3.98%. Read more

Looking at the Minor Cryptocurrencies, the winners of the day have been ICXBTC surging 8.02% and STRATUSD closing 7.14% higher. The worst performers of the day have been BTGBTC tanking -10.71% and BTGUSD closing -9.62% lower.

Major Cryptocurrencies Overviews

LTCUSD 41.05 -0.75 (-1.79%) LTCUSD finished Thursday at 41.05 losing $0.75 (-1.79%). Today's close at 41.05 marks the lowest recorded closing price since April 21st. Closing within the prior day's range, prices missed to decisively move beyond the previous day's trading range. Read more
ETHUSD 226.49 -4.56 (-1.97%) ETHUSD ended Thursday at 226.49 losing $4.56 (-1.97%). Closing within the previous day's range, prices failed to decisively move beyond the prior day's trading range. Read more
XRPUSD 0.1749 -0.0016 (-0.91%) XRPUSD ended Thursday at 0.1749 losing $0.0016 (-0.91%). Today's close at 0.1749 marks the lowest recorded closing price since March 31st. Closing within the previous day's range, prices failed to decisively move beyond the prior day's trading range. Read more
ETCUSD 5.64 -0.08 (-1.40%) Moving lower for the 3rd day in a row, ETCUSD finished Thursday at 5.64 losing $0.08 (-1.4%). Closing within the previous day's range, prices missed to decisively move beyond the prior day's trading range. Read more
EOSUSD 2.36 -0.02 (-0.84%) EOSUSD ended Thursday at 2.36 losing $0.02 (-0.84%). Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session. Read more
BCHUSD 219.72 -4.09 (-1.83%) BCHUSD ended Thursday at 219.72 losing $4.09 (-1.83%). Closing below Wednesday's low at 221.10, Bitcoin Cash confirmed its breakout through the prior session low after trading up to $3.47 below it intraday. Read more
BTCUSD 9,092.80 -146.09 (-1.58%) BTCUSD finished Thursday at 9092.80 losing $146.09 (-1.58%). Closing below Wednesday's low at 9097.33, the market confirmed its breakout through the prior session low after trading up to $142.66 below it intraday. 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
Trending Assets
Top Movers