Top Performers and Notable Moves

Over the past day, the top performing coin out of the 133 coins we are tracking was Augur, which offered a day-over-day return 11.54%. Rounding out the top four currencies for the day were DigixDAO, Bitcoin, and Populous, which provided holders with returns of 8.33%, 7.76%, and 6.89% for the day. The moves in all these coins were a bit surprising, in that they were well outside of the trading range normally associated with each of the currencies in question.

Interested in trading these currencies? Some brokers to try: Gate, Yobit, Stex, Binance, DDEX, ETHfinex

Was the Crypto Market as a Whole Up or Down?

In the past day, the average percent change in price for the coins in our index was a move down -0.5922%. On a more granular level, 48% of the coins we’re tracking were up while 52% of the coins were down. Below we can see the average daily change for the coins we are tracking our index over time. Since yesterday, 20 have crossed their 20 day moving average; these coins may be of interest to traders who believe the 20 day moving average may be a key level that draws traders in.

Interested in trading these currencies? Some brokers to try: Gate, Yobit, Stex, Binance, DDEX, ETHfinex

Key Price Technicals in the Crypto Market

The coins that crossed their moving average are: BitShares, Bread, Waves, Ardor, Ontology, Litecoin, Siacoin, Qtum, Populous, XRP, Loopring, Ambrosus, NULS, Cindicator, Bancor, Ethereum Classic, Augur, Enigma, EOS, Ripio Credit Network. Also of note is that 112 of the 133 we track have contracting volatility. Volatility contraction often precedes a breakout, so this may be something to watch. 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?

READ  Waltonchain, Populous, Storj and VIBE Fare the Best in Crypto; Coins as a Whole Up 0.88% Overall, NA Coins Have Contracting Volatility

Interested in trading these currencies? Some brokers to try: Gate, Yobit, Stex, Binance, DDEX, ETHfinex

Article by SixJupiter

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