Crypto Market Summary for Jul 03, 2020


Major Cryptocurrencies Technical Analysis Market Overview Report for Jul 03, 2020 | by Techniquant Editorial Team

Highlights

ETHUSD finds buyers around 224.46 for the third day in a row
BTCUSD closes within prior day's range after lackluster session
ETCUSD stuck within tight trading range
LTCUSD still stuck within tight trading range
BCHUSD finds buyers at key support level
EOSUSD pushes through Thursday's high
XRPUSD still stuck within tight trading range

Summary

With five out of the seven Major Cryptocurrencies closing higher today, the ones that stand out on the positive side are EOSUSD gaining 2.54% and XRPUSD closing 0.86% higher. On the flipside the worst performers have been ETHUSD closing -0.59% lower and BTCUSD losing -0.29%.

One of today's most interesting market conditions in the Major Cryptocurrencies showed up in ETHUSD: Among the nine market conditions that our pattern recognition engine identified today, the statistics for the Support/Resistance based market condition "Bearish Break through SMA 50" stand out. Although it is usually interpreted as bearish, it has actually shown to be bullish for ETH/USD. Out of 44 times, ETHUSD closed higher 54.55% 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 three trading days, showing a win rate of 59.09% with an average market move of 0.14%. Read more

Looking at the Minor Cryptocurrencies, the winners of the day have been VETBTC surging 7.62% and ICXBTC closing 6.57% higher. The worst performers of the day have been BTGUSD tanking -8.19% and BTGBTC closing -5.0% lower.

Major Cryptocurrencies Overviews

ETHUSD 225.15 -1.34 (-0.59%) Moving lower for the 2nd day in a row, ETHUSD finished the week 0.07% higher at 225.15 after losing $1.34 (-0.59%) today. Trading $1.69 higher after the open, Ethereum was unable to hold its gains as the bears took control ending the day below its opening price. The last time this happened on June 23rd, ETHUSD lost -3.54% on the following trading day. 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 9,066.46 -26.34 (-0.29%) Moving lower for the 2nd day in a row, BTCUSD finished the week -0.59% lower at 9066.46 after losing $26.34 (-0.29%) today. Trading $34.25 higher after the open, BTC/USD was unable to hold its gains as the bears took control ending the day below its opening price. The last time this happened on June 21st, BTCUSD actually gained 4.29% on the following trading day. 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
ETCUSD 5.65 0.01 (0.18%) ETCUSD finished the week -1.91% lower at 5.65 after gaining $0.01 (0.18%) 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
LTCUSD 41.18 0.13 (0.32%) LTCUSD ended the week -0.48% lower at 41.18 after edging higher $0.13 (0.32%) 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 220.79 1.07 (0.49%) BCHUSD ended the week -0.81% lower at 220.79 after gaining $1.07 (0.49%) 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
EOSUSD 2.42 0.06 (2.54%) EOSUSD ended the week 2.11% higher at 2.42 after gaining $0.06 (2.54%) today. Closing above Thursday's high at 2.39, EOS confirmed its breakout through the previous session high after trading up to $0.07 above it intraday. Read more
XRPUSD 0.1764 0.0015 (0.86%) XRPUSD finished the week -0.28% lower at 0.1764 after gaining $0.0015 (0.86%) 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

Detailed Reports

Daily technical analysis candlestick chart for Bitcoin/Chinese Yuan Index (BTCCNY) as at Sep 22, 2020
Sep 22, 2020
Daily technical analysis candlestick chart for Lisk/Bitcoin Index (LSKBTC) as at Sep 22, 2020
Sep 22, 2020
Daily technical analysis candlestick chart for Ripple/Bitcoin Index (XRPBTC) as at Sep 22, 2020
Sep 22, 2020
Daily technical analysis candlestick chart for Tron/Bitcoin Index (TRXBTC) as at Sep 22, 2020
Sep 22, 2020
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