2100NEWS WEEKLY CRYPTO REPORT Dec-1




Over the past week, the NWST1100 bounced to reclaim the lost ground. Buyers’ force started increasing, but the resistance (10-days EMA) stopped growing. NWST1100 rebounded by 5.79%. 

*We gauge the crypto market breadth and direction of the market by showing charts 2100NEWS Digital Assets Total Index (NWST1100) which represent the top 1100 Digital Assets. The chart overwhelmed with information is at first glance difficult to read but on the chart is the most important price information, important decisive price levels, momentum, volume of trading, and crypto market breadth. 

In the previous report, it was said, for the past week our assumption had been: investors could expect a bounce to reclaim the lost ground. Looking at the chart NWST1100  above, at the top, we can see momentum indicators. PPO histogram bars tell us, buyers’ force started increasing a weeks ago, but the resistance (10-days EMA) stopped growing. The Breadth indicator McClellan summation index has flattened out.

Looking ahead to the next week: The indicators give us the following signals: we can see that RSI is under 30, still bearish, PPO histogram bars could cross the zero line in the next few days. PPO histogram and RSI show us the most important thing – momentum rhythm. This set up is the basis for my opinion: the upward trend is more likely, with a lot of resistance (10-days, 25-days EMA, pivot line) on the way, so the market could linger around the pivot line (690 points) for a few days. In the bearish scenario which is less likely, NWST1100 could test the last week’s low or lower  Bollinger line for a while.

Performance of different groups of Digital Assets (Coins and Tokens)

Looking at the table, you can see that the Total (NWST1100) index rebounded by 5.79% in the past week.

2100news Crypto Index Funds

However, in the table above we can see, Ethereum Tokens index was a good performer over the last month. Looking at the chart below we can see that Ethereum Tokens (NWSET100, NWSET)

The 2100news Crypto Index FUNDS are available at Iconomi, a gateway to diversified crypto investments for the crypto community. Passively managed Crypto Funds track the massively popular 2100NEWS Digital Assets Tradable Indexes.

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Crypto (Digital Assets) compared with global equity

On the chart below, the performance of the average Digital Aset represented by our NWST1100 index is compared with the average global equity represented by Dow Jones global index W1Dow. This year average crypto vs. W1Dow soared to near 30% but over the past five months, we were observing a pullback. Last week NWST1100 vs. W1Dow rebounded.

 

 

 

 

 



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We are the new economy news hub. 2100NEWS is the professional index, data, and tools provider in the digital asset space, offering Crypto Market Intelligence, providing the perspective you can trust and equipping you with information edge you need to stay ahead. (Real-time data of token issuers and news, analysis and commentary from community.) We are very excited to contribute to the evolution of the industry and build an ecosystem around our offering (the institutional-grade data infrastructure required to enable institutional investments in digital assets). We want our contributions (Contents and Tools on 2100NEWS.com) to be useful for helping investors.


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  • ethereumEthereum (ETH) $ 142.80 1.4%
  • rippleXRP (XRP) $ 0.221455 0.2%
  • litecoinLitecoin (LTC) $ 43.45 1.14%