Week 32 Crypto Trending and ROI Report

The last time I assessed the Crypto asset class was just over 10 days back. It is time to see what is going on.

Crypto Trending Report

Only 2 changes from 10 days back.

Algorand price is back over its 10-day moving average. It continues to trend short-term bullish.

Helium is now trending short-term bearish. Its 10-day moving average has crossed below the 20-day moving average.

Every other crypto asset is holding up well so far.

Crypto ROI

The most interesting takeaway is all of the crypto assets I track (24 in total) have positive ROI over 1 trailing month. All of them except Uniswap are also positive over the last 5 days. Note that Uniswap is the only asset that has positive ROI over 3 trailing months. So, it can be excused for a minor dip.

For context, the following table shows the crypto asset ROI as of July 24.

We can see most of the cells were red at the time.

This confirms the short-term bullish trending that my system identified earlier in July. Interestingly, the crypto markets have developed quite a bit of correlation with the stock markets. It remains to be seen if this stays like this or we start to see some divergence developing in the near future.