Crypto Technical Analysis Report June 2nd: XLM, BNB, and XMR 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 jun 02

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 jun 02

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 jun 02 hourly
technical analysis crypto momentum indicators jun 02 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 Wanchain (WAN), Chiliz (CHZ), and Kavacoin (KAVA), whose graphs are below.

wan coin technical analysis 1h
chz coin technical analysis 1h
kava coin technical analysis 1h jun 02

1 hour candles, worst 3 coins

The worst technical setting, all of the above considered, is found in Theta (THETA), Blockstack (STX), and FunFair (FUN), whose graphs are below.

theta coin technical analysis 1h jun 02
stx coin technical analysis 1h jun 02
fun coin technical analysis 1h jun 02

1 Day Candles

technical analysis crypto trend  indicators jun 02
technical analysis crypto momentum indicators jun 02 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 Monero (XMR), Stellar (XLM), and Binance Coin (BNB), whose graphs are below.

xmr coin technical analysis 1h
BNB coin technical analysis 1h jun 02
XLM coin technical analysis 1h jun 02

1 day candles, worst 3 coins

The worst technical setting, all of the above considered, is found in NANO (NANO), FTX Token (FTT), and MCO (MCO), whose graphs are below.

nano coin technical analysis 1h jun 02
ftt coin technical analysis 1h jun 02
mco coin technical analysis 1h jun 02

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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 2nd of June 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.