Yesterday’s Movers and Shakers
Since the previous day, the coin whose price performed the best out of the 134 coins we are observing was Selfkey, which gave its holders a 23.18% day-over-day return. Rounding out the top four currencies for the day were XRP, NA, and NEM, which provided holders with returns of 22.86%, 19.42%, and 17.17% for the day. These moves were quite significant, in the sense that they were well outside of the volatility each of the respective coins had seen for the past two weeks.
The Crypto Big Picture
Overall, the average change in coin price for the coins we’re tracking was up 3.3536%. Specifically, 90 coins in our index were up while 44 were down. The chart below shows the average daily change for all the coins in our index over time. 30 coins have crossed their 20 day moving average over the past 24 hours; these currencies may be of interest to traders interested in strategies involving trading around the 20 day moving average.
Key Price Technicals in the Crypto Market
Here’s a list of the specific coins that crossed their key moving average level: Qtum, Status, Bancor, 0x, Stratis, Kyber Network, NEO, Verge, NA, Raiden Network Token, NA, Tierion, Bitcoin Diamond, CyberMiles, Cindicator, ICON, Steem, Aeternity, Zilliqa, Storm, NEM, QLC Chain, Groestlcoin, Golem, Loom Network, Augur, Civic, Nebulas, Holo, HyperCash. Volatility traders may also wish to note that 102 of the 134 we are monitoring have had their volatility contract over the past two weeks. Contracting volatility often leads to a big move in price, so this may be something to monitor. Below is a chart that zooms in a bit more, showing 4 coins trading below their 20 day moving average and exhibiting contracting volatility. Are these coins ready for a rally?
Article by SixJupiter