Crypto Technical Analysis Report May 30th: XRP, ENJ, and FUN look good

In this post we give a picture of the technical setting for the cryptocurrencies that we usually cover in our Weekly Reports.

First, we provide a recap table of all the coins we cover, divided according to trend and momentum indicators and evaluated according to the technical setting for 1 hour and 1 day candles.

Recap table crypto trend momentum indicators may 30

The following table depicts the general situation according to trend and momentum indicators. Triangles’ dimension and colour varies accordingly to the strenght of the indication and its direction. The 5 best and 5 worst coins are provided for 1 hour and 1 day candles settings, for a total of 20 coins. Please note that if a coin is among the best/worst in both timeframes is only considered once. A summary is then provided for all the coins.

technical analysis crypto trend momentum indicators may 30

In the following sections, organized according to the different timeframes, we provide details about all the indicators for the best and worst coins, which are then plotted.

1 hour candles, overview

technical analysis crypto trend  indicators may 30 hourly
technical analysis crypto momentum indicators may 30 hourly

The tables above show the recap for trend and momentum indicators according to 1 hour candles.

1 hour candles, top 3 coins

The best technical setting, all of the above considered, is found in BitTorrent (BTT), Dogecoin (DOGE), and Ripple (XRP), whose graphs are below.

xrp coin technical analysis 1h may 30
doge coin technical analysis 1h may 30
btt coin technical analysis 1h may 30

1 hour candles, worst 3 coins

The worst technical setting, all of the above considered, is found in OmiseGo (OMG), Coti (COTI), and Fetch.AI (FET), whose graphs are below.

omg coin technical analysis 1h may 30
coti coin technical analysis 1h may 30
fet coin technical analysis 1h may 30

1 Day Candles

technical analysis crypto trend  indicators may 30 daily
technical analysis crypto momentum indicators may 30 daily

The tables above show the recap for trend and momentum indicators according to 1 day candles.

1 day candles, top 3 coins

The best technical setting, all of the above considered, is found in Enjin (ENJ), Dent (DENT), and FunFair (FUN), whose graphs are below.

enj coin technical analysis 1h may 30
dent coin technical analysis 1h may 30
fun coin technical analysis 1h may 23

1 day candles, worst 3 coins

The worst technical setting, all of the above considered, is found in Litecoin (LTC), Ravencoin (RVN), and NEO (ENO), whose graphs are below.

ltc coin technical analysis 1h may 30
rvn coin technical analysis 1h may 30
neo coin technical analysis 1h may 30

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DISCLAIMER

The views expressed in this report reflect the analysts’ personal views about the cryptocurrencies subject of the report. These views may change without notice and are subject to market conditions. The report is prepared for information purposes only and by no means constitutes a solicitation to investment or disinvestment. All the data are taken from Binance at 20:00 UTC on the 30th of May 2020. USD and USDT are used interchangeably for illustration purposes. All the presented valuations, indicators, and analyses are subject to errors. The report is for personal use only and should not be republished or redistributed.