14th April 2024: Weekly Crypto Trends
Bitcoin and Ethereum form short term tops. Bitcoin has support at 60000, while Ethereum has likely support at 3000.
Secondary coins have very poor week, with falls of 21.5% in Thorchain, 19.8% in Near and around 14.5 in Cosmos, Avalanche, cardamon Chainlink and Polkadot. Cardano, Chainlink, Polygon, Cosmos and Polkadot have formed short term tops, although are now to the bottom of short term ranges.
The trend characteristics of Secondary coins have deteriorated in relation to the sharp correction from recent short term highs. 8 Secondary coins have short term trend scores above zero, while half have medium term trend scores above zero.
Crypto related equities were generally lower on the week, with falls of 12.6% in Marathon, 10.4% in Hive and 10.8% in Riot. Coinbase and Microstrategy were both up 2%. Riot tests short term support at 9. Microstrategy forms short term top with support at 1000.
Major Coin Summary
| Name | Close | Daily Ch % | Wk Ch | Wk Ch % | RSI | ST Score | LT Score | Overall |
|---|---|---|---|---|---|---|---|---|
| Bitcoin | 67,195.86 | -4.1% | -641.78 | -0.9% | 51 | 42 | 47 | 46 |
| Ethereum | 3,243.03 | -7.5% | -75.85 | -2.3% | 42 | 0 | 7 | 5 |
Bitcoin and Ethereum form short term tops. Bitcoin has support at 60000, while Ethereum has likely support at 3000.
Ratio Chart
Bitcoin makes new short term highs versus Ethereum
Secondary Coin Summary
Weekly change – highest to lowest
| Name | Close | Wk Ch % | RSI | ST Score | LT Score | Overall |
|---|---|---|---|---|---|---|
| BNB Chain Native Token (Smart Contract Coin) | 596.38 | 3% | 62 | 75 | 7 | 23 |
| DogeCoin (Memecoin) | 0.17 | -1.6% | 53 | 75 | 47 | 54 |
| Monero (Privacy Coin) | 123.00 | -3% | 40 | -75 | -92 | -88 |
| Theta Token (Gaming Coin) | 2.44 | -5.8% | 45 | 75 | 0 | 18 |
| Fantom (Smart Contract Coin) | 0.74 | -6.9% | 51 | 75 | 47 | 54 |
| XRP (Smart Contract Coin) | 0.55 | -6.7% | 45 | 0 | 7 | 5 |
| Stellar (Privacy Coin) | 0.12 | -9.6% | 42 | 0 | -45 | -34 |
| Cardano (Smart Contract Coin) | 0.50 | -12.4% | 34 | -42 | -41 | -41 |
| Solana (Smart Contract Coin) | 153.64 | -12% | 55 | 75 | 88 | 85 |
| ChainLink (Cross Chain Coin) | 15.16 | -12.6% | 36 | -42 | 7 | -5 |
| Decentraland (Gaming Coin) | 0.52 | -12.4% | 41 | 0 | -41 | -31 |
| Cosmos (Smart Contract Coin) | 9.39 | -13.9% | 31 | 0 | -45 | -34 |
| Polygon (Smart Contract Coin) | 0.77 | -13.4% | 36 | -42 | -41 | -41 |
| Avalanche (Smart Contract Coin) | 39.42 | -13.1% | 49 | 42 | 47 | 46 |
| Polkadot (Cross Chain Coin) | 7.24 | -13.7% | 35 | 0 | -45 | -34 |
| The Sandbox (Gaming Coin) | 0.51 | -14.8% | 41 | 0 | -41 | -31 |
| Near (Smart Contract Coin) | 5.79 | -19.8% | 50 | 75 | 47 | 54 |
| THORChain (Smart Contract Coin) | 5.85 | -21.5% | 51 | 42 | 88 | 77 |
Secondary coins have very poor week, with falls of 21.5% in Thorchain, 19.8% in Near and around 14.5 in Cosmos, Avalanche, cardamon Chainlink and Polkadot. Cardano, Chainlink, Polygon, Cosmos and Polkadot have formed short term tops, although are now to the bottom of short term ranges.
Trend score – best to worst
| Name | Close | Wk Ch % | RSI | ST Score | LT Score | Overall |
|---|---|---|---|---|---|---|
| Solana (Smart Contract Coin) | 153.64 | -12% | 55 | 75 | 88 | 85 |
| THORChain (Smart Contract Coin) | 5.85 | -21.5% | 51 | 42 | 88 | 77 |
| Near (Smart Contract Coin) | 5.79 | -19.8% | 50 | 75 | 47 | 54 |
| Fantom (Smart Contract Coin) | 0.74 | -6.9% | 51 | 75 | 47 | 54 |
| DogeCoin (Memecoin) | 0.17 | -1.6% | 53 | 75 | 47 | 54 |
| Avalanche (Smart Contract Coin) | 39.42 | -13.1% | 49 | 42 | 47 | 46 |
| BNB Chain Native Token (Smart Contract Coin) | 596.38 | 3% | 62 | 75 | 7 | 23 |
| Theta Token (Gaming Coin) | 2.44 | -5.8% | 45 | 75 | 0 | 18 |
| XRP (Smart Contract Coin) | 0.55 | -6.7% | 45 | 0 | 7 | 5 |
| ChainLink (Cross Chain Coin) | 15.16 | -12.6% | 36 | -42 | 7 | -5 |
| Decentraland (Gaming Coin) | 0.52 | -12.4% | 41 | 0 | -41 | -31 |
| The Sandbox (Gaming Coin) | 0.51 | -14.8% | 41 | 0 | -41 | -31 |
| Cosmos (Smart Contract Coin) | 9.39 | -13.9% | 31 | 0 | -45 | -34 |
| Polkadot (Cross Chain Coin) | 7.24 | -13.7% | 35 | 0 | -45 | -34 |
| Stellar (Privacy Coin) | 0.12 | -9.6% | 42 | 0 | -45 | -34 |
| Polygon (Smart Contract Coin) | 0.77 | -13.4% | 36 | -42 | -41 | -41 |
| Cardano (Smart Contract Coin) | 0.50 | -12.4% | 34 | -42 | -41 | -41 |
| Monero (Privacy Coin) | 123.00 | -3% | 40 | -75 | -92 | -88 |
The trend characteristics of Secondary coins have deteriorated in relation to the sharp correction from recent short term highs. 8 Secondary coins have short term trend scores above zero, while half have medium term trend scores above zero.
| Name | Close | Daily Ch % | Wk Ch % | RSI | ST Score | LT Score | Overall |
|---|---|---|---|---|---|---|---|
| Ark Innovation ETF | 46.51 | -3.5% | -1.3% | 43 | -33 | -45 | -42 |
| Block Inc | 76.99 | -3.8% | -0.2% | 52 | 8 | -45 | -32 |
| Coinbase Global Inc Cl A | 245.75 | -6.6% | 2% | 55 | 75 | 47 | 54 |
| Hive Blockchain Technologies Ltd | 2.85 | -5% | -10.4% | 38 | -75 | -41 | -49 |
| Marathon Digital Hldgs Inc | 16.11 | -8.5% | -12.6% | 37 | -42 | 7 | -5 |
| Microstrategy Cl A | 1,479.58 | -4.7% | 2.8% | 58 | 75 | 88 | 85 |
| Riot Blockchain Inc | 9.10 | -6.7% | -10.8% | 35 | -83 | -41 | -51 |
| Robinhood Markets Inc Cl A | 17.97 | -5.4% | -2.3% | 58 | 42 | -41 | -20 |
| Tesla Inc | 171.05 | -2% | 3.7% | 45 | -75 | -92 | -88 |
Crypto related equities were generally lower on the week, with falls of 12.6% in Marathon, 10.4% in Hive and 10.8% in Riot. Coinbase and Microstrategy were both up 2%. Riot tests short term support at 9. Microstrategy forms short term top with support at 1000.