Over the past week, NWST1100 surged by 9.05%. The index was surging and spending the week trading above 10-days EMA. Bulls had momentum on their side.
*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: the target would be near 900 points, so (9%) move up to R1 was more likely. Looking at the chart NWST1100 above we can see, the index was surging last week and spending the week trading above 10-days EMA (purple curve). Bulls had momentum on their side.
Looking ahead to the next week, the indicators give us the following signals: we can see that RSI is 83 – bullish and oversold, PPO histogram bars could change the slope to the downside in the next few days. At the top, we can see momentum indicators. PPO histogram and RSI show us the most important thing – momentum rhythm. The indicators on smaller time frames showed exhaustion of the upwards move. The Breadth indicators could continue rising. This set up is the basis for my opinion: the sideways trend is more likely, the market could linger between 10-days EMA and 900 points for a few days. In the bearish scenario: NWST1100 could test the support near 820 points (-10%).
Performance of different groups of Digital Assets (Coins and Tokens)
This year, NWSCo100 was undergoing some really massive bullish action and its price was making large price leaps. 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. By investing long in crypto you have most likely made money in the last three months. The total (NWST1100) index surged by 9.05% 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. Four are among the top seven!
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.
The pre-sale will be ended this month. 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.
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. In the second half of the last year, crypto has fallen over 50% vs. global equity, but this year crypto is an excellent investment. Last month NWST1100 vs. W1Dow rebounded, average crypto vs. W1Dow has soared by 44% on the year.