Crypto Moves Fast
Seems like I just did a crypto assessment, but this asset class moves fast, and I better stay on top of it.
Trending Heat Map
Almost all the 24 crypto that I track is doing well except for Helium.
Changes from 5 days back are:
Solana price had dipped below its 10-day moving average. That is back up now. And overall Solana remains bullish.
Uniswap price had dipped below its 10-day moving average. That is back up now. And overall Uniswap remains bullish. More importantly, Uniswap price crossed over the 200-day moving average - one of the only ones that I track.
AAVE price had dipped below its 10-day moving average. That is back up now. And overall AAVE remains bullish.
The Helium price has dipped below its 10-day moving average. So not keeping up with the other crypto performance. Overall, still trending bullish though.
The Internet Computer picked up some momentum and price moved above both the 10-day and the 20-day moving average. Trending bullish short-term now.
Tezos price had dipped below its 10-day moving average. That is back up now. And overall Tezos remains bullish short-term.
The Polkadot price moved above its 50-day moving average. It remains short-term bullish but yet to turn long-term bullish. Same as overall crypto.
The Filecoin price moved above its 50-day moving average. It remains short-term bullish but yet to turn long-term bullish. Same as overall crypto.
The Stellar Lumens price moved above its 50-day moving average. It remains short-term bullish but yet to turn long-term bullish. Same as overall crypto.
The Graph price moved above its 50-day moving average. It remains short-term bullish but yet to turn long-term bullish. Same as overall crypto.
ROI
Biggest winners from 5-day short-term are Bitcoin, Uniswap and The Graph.
Bitcoin seems to be trying to take back the leadership role from Ethereum. Although, Ethereum handily has far better performance over 1-month.
Polygon has been the 1-month winner followed by Uniswap, AAVE and Ethereum.
Interesting to see the strength of Uniswap and AAVE which are in the decentralized finance space. Perhaps it is due to some of the failures in the CeDeFi space such as Celsius.
I will be increasing my positions in Bitcoin, Ethereum, Polygon and Uniswap. Also, I will open positions in The Graph and Polkadot.