The Big Winners From Yesterday
Since yesterday, the coin that fared the best out of the 133 coins in our index was Cindicator, whose price is up 27.2%. Rounding out the top four currencies for the day were Waltonchain, CyberMiles, and Viberate, which provided holders with returns of 19.15%, 15.7%, and 14.47% 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.
Was the Crypto Market as a Whole Up or Down?
Overall, the average change in coin price for the coins we’re tracking was down -1.9296%. Drilling down, we see that 27 coins we’re tracking were up while 106 coins were down. The chart below shows the average daily change for all the coins in our index over time. Since yesterday, 16 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.
Key Price Technicals in the Crypto Market
Here’s a list of the specific coins that crossed their key moving average level: Qtum, OmiseGO, AirSwap, Tierion, Decentraland, Populous, Cindicator, ICON, aelf, Neblio, Bread, IOST, Nano, Viacoin, Storm, HyperCash. Volatility traders may also wish to note that NA of the 133 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. The chart below drills down a bit more, featuring 4 currencies with contracting volatility that are trading below their moving average. Are these coins forming a bottom?
Article by SixJupiter