Crypto Market Summary for Jul 04, 2020


Major Cryptocurrencies Technical Analysis Market Overview Report for Jul 04, 2020 | by Techniquant Editorial Team

Highlights

ETHUSD pushes through Friday's high
LTCUSD dominated by bulls lifting the market higher throughout the day
BCHUSD still stuck within tight trading range
ETCUSD closes higher for the 2nd day in a row
EOSUSD fails to close above 20-day moving average
XRPUSD closes within prior day's range after lackluster session
BTCUSD finds buyers again around 9052.40

Summary

With seven out of the seven Major Cryptocurrencies closing higher today, the ones that stand out on the positive side are LTCUSD gaining 2.31% and BCHUSD closing 2.07% higher. None of the markets ended the day in the red.

One of today's most interesting market conditions in the Major Cryptocurrencies showed up in BTCUSD: Among the eight market conditions that our pattern recognition engine identified today, the statistics for the OHLC Patterns based market condition "White Candle" stand out. Its common bullish interpretation has been confirmed for BTC/USD. Out of 846 times, BTCUSD closed higher 54.02% 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 60.17% with an average market move of 7.33%. Read more

Looking at the Minor Cryptocurrencies, the winners of the day have been VETBTC surging 21.24% and LTCCNY closing 4.51% higher. The worst performers of the day have been DOGEUSD tanking -3.01% and ICXBTC closing -1.88% lower.

Major Cryptocurrencies Overviews

ETHUSD 229.34 4.19 (1.86%) ETHUSD ended Saturday at 229.34 gaining $4.19 (1.86%) on low volume. The bulls were in full control today, moving the market higher throughout the whole session. Closing above Friday's high at 228.18, ETH confirmed its breakout through the prior session high after trading up to $2.50 above it intraday. Read more
LTCUSD 42.13 0.95 (2.31%) Moving higher for the 2nd day in a row, LTCUSD finished Saturday at 42.13 gaining $0.95 (2.31%). The bulls were in full control today, moving the market higher throughout the whole session. Closing above Friday's high at 41.68, the market confirmed its breakout through the previous session high after trading up to $0.55 above it intraday. Read more
BCHUSD 225.37 4.58 (2.07%) Moving higher for the 2nd day in a row, BCHUSD ended Saturday at 225.37 gaining $4.58 (2.07%). Closing above Friday's high at 223.51, BCH/USD confirmed its breakout through the previous session high after trading up to $4.83 above it intraday. Read more
ETCUSD 5.70 0.05 (0.88%) Moving higher for the 2nd day in a row, ETCUSD finished Saturday at 5.70 gaining $0.05 (0.88%). 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
EOSUSD 2.46 0.04 (1.65%) Moving higher for the 2nd day in a row, EOSUSD finished Saturday at 2.46 gaining $0.04 (1.65%). Read more
XRPUSD 0.1781 0.0017 (0.96%) Moving higher for the 2nd day in a row, XRPUSD finished Saturday at 0.1781 gaining $0.0017 (0.96%) on low volume. 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
BTCUSD 9,142.20 75.74 (0.84%) BTCUSD ended Saturday at 9142.20 gaining $75.74 (0.84%) on low volume. Closing above Friday's high at 9127.05, Bitcoin confirmed its breakout through the prior session high after trading up to $68.86 above 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
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