2100NEWS WEEKLY CRYPTO REPORT Aug-7




The NWST1100 index has fallen by 0.13% over the previous week. Ether has led the crypto markets upward and has been the best-performing (43.34%) in the last thirty days.

*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) significant crypto assets’ performance. The information-laden chart is difficult to read initially, but the graph shows essential price information, crucial decisive price levels, momentum, trading volumes, and crypto market breadth. 

The previous report showed last week’s assumption. “A test of 10-day EMA, followed by the rebound and a continuation of the uptrend, was likely”. The NWST1100 chart shows the index got stuck in a narrow range between the Upper Keltner line and the 10-Days EMA. Momentum indicators at the top show: PPO lines and RSI, that have flattened; and the PPO histogram that has fallen. The Breadth indicators (at the bottom of the chart) have risen.

The chart on the right shows The percentage of digital assets trading above a 50-days moving average breadth indicator: Three A50R lines are overbought, and the indicator A50R of the NWST1100 index has moved up in the sideways zone. This setup tells us that the crypto markets could continue rising for a while.

* 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

The waves are at least partially predictable due to their quasi-periodic nature; the area plots the McClellan Summation Index, a long-term measure of market breadth, that continued rising last week. If we look ahead, the Momentum indicators give us the following signals in the coming days: RSI is 63, PPO histogram, AND PPO lines may change direction. The Breadth indicators at the bottom of the chart may flatten. Based on this setup, I think a consolidation is likely.

 

 

 

 

 

 

 

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

The table shows that the total (NWST1100) index has fallen by 0.13% over the last week. On the chart below, we can see Bitcoin, Ether, and the 2100NEWS DA Indexes, which measure the performance of Ethereum-based tokens (NWSET100), Large caps (NWSL100), and Coins (NWSCo100). Ether has been the best-performing during the previous thirty days (43.34%).

 

 

 

 

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 seven months ago; however, it is 64% lower now. The Percentage Change Marks on the chart show that NWST1100 lagged behind  W1Dow by 37.2% over the last 12 months, while this year, NWST1100 was 50.3% lower. The blue curve is the average index price during the previous twelve months. We can see that the NWST1100 spot price is 48% lower than twelve months index’s average price. That means: If we bought one NWST1100 every day over the last twelve months, our investment is recording a 48% loss today; however, more important for the future is that this price level may be a great bargain.  Global equity (W1Dow) spot price is 8.6% lower than twelve months index’s average price.

*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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