Quote:
Several well-known cryptocurrencies are trading above their 200-day moving averages, a development typically considered a sign of a healthy market.
A moving average (MA) is simply an ongoing calculation of the closing prices of an asset over a specified period of time, but is also a tool traders use to gauge the asset’s trend direction as well as support and resistance levels.
While a moving average of any length can be used, the 200-day moving average is a standard in financial analysis. Put simply, if an asset trading above the 200-day MA is considered bullish (likely to move higher), while one trading below it is considered bearish (likely to move lower).
Since the long-time market leader bitcoin is not currently trading above its 200-day moving average, one could be forgiven for assuming all other cryptocurrencies are following its footsteps.
from
https://www.coindesk.com/4-crypto-assets-break-above-key-moving-average-leaving-bitcoin-behindIt seems like more have moved above the 200 moving average but it is going somewhat sideways, with many coins having better months a few months ago, like BCH and XRP.