Over the past week, NWST1100 fell by 6.09%. The index was trending sideways last week and spending the week trading above 143-days EMA (red curve), which was flipped from resistance to support.
*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.
Looking at the chart NWST1100 above we can see, the index was trending sideways last week and spending the week trading above 143-days EMA (red curve), which was flipped from resistance to support. At the top, we can see momentum indicators. PPO histogram bars tell us, buyers’ force was weak as the indicators on smaller time frames showed exhaustion of upwards move. 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 65 – bullish, PPO histogram bars could change the slope to the upside 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: a (10%) move up to upper Bollinger is more likely. In the bearish scenario: NWST1100 could test the support near 700 points (-7%).
Performance of different groups of Digital Assets (Coins and Tokens)
Looking at the table, you can see the coins measured by 2100NEWS DA Coin Index (NWSCo100) were the best performing digital assets in the last month, in the last two months and in the last three months. The total (NWST1100) index fell by 6.09% in the past week.
2100news Crypto Index Funds
However, in the table above we can see, Coin index was the best performer over the last month, so passively managed 2100NEWS Coins Index FUND which tracks the index. On the table below you can see how good performers are our Funds. Three are among top five!
Looking at the chart below we can see 2100NEWS Coins Index Fund (NWSCOT)
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.
During the pre-sale, each buyer of the fund will receive a special reward in the form of NWS tokens. The buyer will receive 1 NWS for every € invested in the fund, e.g. if the buyer invests 1000 € in the fund, he will receive 1000 € of the fund and 1000 NWS tokens. The first 10 fund buyers will receive an additional prize in the form of extra NWS tokens. The first buyer will receive 10,000 NWS, the second 9,000 NWS, etc, up to the tenth who will receive 1000 NWS.
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 increased by 22%. In the second half of the last year, crypto has fallen over 50% vs. global equity.