2100NEWS WEEKLY CRYPTO REPORT Oct-31




The NWST1100 index rose 6.16% over the last week. Ethereum Tokens represented by the NWSET100 index (+16.82%) have been the best performers during the previous week.

*Below, we present a standardized weekly report and next week’s outlook, prepared based on Swingtum Theory of intelligent finance. We gauge the crypto market’s breadth and direction by showing charts 2100NEWS Digital Assets Total Index (NWST1100), which measures 1100 (by market capitalization) major crypto assets’ performance. The information-laden chart is difficult to read initially, but the chart shows essential price information, crucial decisive price levels, momentum, trading volumes, and crypto market breadth. 

The previous report showed that our assumption for the last week had been: markets could continue the consolidation; the index could get stuck in a narrow range between resistance R2 (+5%) and 10-Days EMA. The NWST1100 chart shows that the assumption proved correct fourth in the line; the index had moved to support represented by 10-Days EMA and rebounded. The Momentum indicators at the top show: PPO lines have fallen; RSI and the PPO histogram have changed direction, the Breadth indicator at the bottom of the chart has flattened.

The chart on the right shows The percentage of digital assets trading above a 50-days moving average breadth indicator: Three A50R lines moved from the midpoint to the border of overbought territory. Large caps were overbought. The graph tells us that the sideways trend could change to rally.

* The percentage of digital assets trading above a specific moving average is a breadth indicator that measures internal strength or weakness in the underlying index. The chart on the right side compares the percentage of DA trading above 50 days EMA for:

  1. 100 Large-caps members of NWSL100 (top box)
  2. 1100 members of NWST1100
  3. 100 Ethereum Tokens members of NWSET100
  4. 100 Coins members of NWSCo100 (bottom box)

Outlook for this week

If we look ahead, the Momentum indicators give us the following signals: the RSI is 65 (bullish); PPO lines may change direction, RSI and PPO histogram bars may continue rising; the Breadth indicators, at the bottom of the chart, may continue rising in the coming days. The waves are at least partially predictable due to their quasi-periodic nature. My opinion is based on this setup: An upward move to the Upper Channel is likely, the index price may test the previous high, but a pullback to Pivot P (-8%) is also possible.

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

The table shows that the total (NWST1100) index rose 6.16% over the last week. Ethereum Tokens represented by the NWSET100 index (+16.82%) have been the best performers during the previous week. The chart shows that these Tokens, Bitcoin, and Ether have led the crypto markets upward in the last month.

 

Crypto (Digital Assets) compared with global equity

The chart compares the performance of the average Digital Asset (Coins, Tokens) represented by our NWST1100  index with the average global share represented by the Dow Jones global W1Dow index. Their quotient hit a record high five months ago; however, it is 10% lower now, which means that shares were a better investment for a while, but this changed three months ago. The Percentage Change Marks on the chart show that NWST1100 outperformed W1Dow by 228.9% this year, while over the last 12 months, NWST1100 was 434% higher. The blue curve is the average index price during the previous twelve months. We can see that the NWST1100 spot price and W1Dow price are above average, but the NWST1100 spot price is 66.2% higher than twelve months index average price. That means: If we bought one NWST1100 every day over the last twelve months, our investment is recording 66.2% gains today.

*The box in the middle of the chart shows the original NWST1100 price; at the bottom is W1Dow. 

 

 

 

 

 



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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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