2100NEWS WEEKLY CRYPTO REPORT Apr-5

Exante_news_2019_mai_01



Over the past week, NWST1100 increased by 1.18%, the price was rising to  25-days EMA. The last two weeks NWST1100 vs. W1Dow rebounded and this year crypto is an excellent investment vs equity. 

*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 continuation of a sideways trend was more likely. NWST1100 index price could linger inside the Keltner channel. Looking at the chart NWST1100 above we can see, the price was rising to  25-days EMA.  Indicators: RSI, PPO  and  PPO histogram bars were still trending upwards. Two converging trend lines connecting a series of peaks and troughs formed chart pattern symmetrical triangle.

Outlook for this week

Looking ahead, the indicators give us the following signals: at the top, we can see momentum indicators, RSI is 52, PPO  could continue sloping positively in the next few days. The Breadth indicators could start rising. The indicators are bullish, so why does it feel bearish? NWST110 price has already gained by 50% since the recent bottom, so a pullback would be reasonable to expect. This set up is the basis for my opinion: the sideways trend is more likely, the price could linger inside the symmetrical triangle. However, there are bigger things happening in the world (coronavirus) that may invalidate a possibility for the breakthrough to 700 points, only a spike of 10% up or down is possible.

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

Looking at the table, you can see crypto markets experienced a huge sell-off last month but they rebounded the last two weeks, so the total (NWST1100) index increased by 1.18% in the past week.

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 the NWST1100 had beaten W1Dow by 60% in January then pair experienced pullback in corona’s collapse, crypto markets had fallen more than equity and lost their advantage.  The last weeks NWST1100 vs. W1Dow rebounded and this year crypto is an excellent investment vs equity.

 

 

 

 

 


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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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