Yesterday’s Movers and Shakers
Since yesterday, the coin that fared the best out of the 133 coins in our index was Nucleus Vision, whose price is up 13.91%. Rounding out the top four currencies for the day were Waltonchain, Tierion, and Bread, which provided holders with returns of 6.8%, 6.79%, and 3.46% 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 -5.8258%. Drilling down, we see that 8 coins we’re tracking were up while 125 coins were down. Below we can see the average daily change for the coins we are tracking our index over time. 15 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.
Currencies With Significant Price Moves
Here’s a list of the specific coins that crossed their key moving average level: Zcash, AirSwap, Basic Attention Token, Po.et, Time New Bank, Gifto, iExec RLC, IOST, NEM, Skycoin, Siacoin, Pundi X, VeChain, Bitcoin, Ethereum. Likewise, volatility has continued to trend lower and contract for NA of the 133 coins in our index; contracting volatility often precedes a breakout, so these coins may be gearing up for a larger move. 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?
Article by SixJupiter