The Big Winners From Yesterday

Since the previous day, the coin whose price performed the best out of the 133 coins we are observing was IOST, which gave its holders a 20.69% day-over-day return. Other notable currencies were Lisk, HyperCash, and Ontology, which experienced daily returns of 13.35%, 11.72%, and 8.81% respectively. 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.

Crypto brokers to trade the currencies mentioned here: Gate, Yobit, Stex, Binance, DDEX, ETHfinex

The Crypto Big Picture

In the past day, the average percent change in price for the coins in our index was a move up 1.8054%. Specifically, 99 coins in our index were up while 34 were down. Below we can see the average daily change for the coins we are tracking our index over time. 4 coins are especially close to their 20 day moving average, and thus may be worth watching for technical traders who view the 20 day moving average as a key support/resistance level.

Crypto brokers to trade the currencies mentioned here: Gate, Yobit, Stex, Binance, DDEX, ETHfinex

Which Currencies Had Major Price Moves?

The coins that crossed their moving average are: Lisk, Populous, TRON, Nano. Also of note is that 7 of the 133 we track have contracting volatility. Volatility contraction often precedes a breakout, so this may be something to watch. Going further, below is a chart showing 4 currencies with contracting volatility that are trading below their 20 day moving average. Is this a technical sign the sellers are exhausted and the market for these coins is ready for a rally?


Trade while you sleep with two of the cryptocurrency bots on the market - Cryptohopper or Tradesanta.


Crypto brokers to trade the currencies mentioned here: Gate, Yobit, Stex, Binance, DDEX, ETHfinex

Article by SixJupiter

LEAVE A REPLY

Please enter your comment!
Please enter your name here