19th November 2023: Weekly Crypto Trends
Crypto Assets
Bitcoin falls 2% on the week, while Ethereum falls 5.6%; the latter encounters resistance at previous short term highs. Bitcoin find short term uptrend.
Thorchain and Avalanche were big winners on the week, with rises of 60% and 49% respectively. Both make new short term highs but become short term overbought.
Block was the best performing Crypto related equity with a gain of 13%, and tests resistance at 59. Coinbase and Marathon also improved by 6.6% and 4.1% respectively.
News
The most interesting piece of news this week was the shocking announcement by Snoop Dogg, NFT afficionado, that he is giving up weed. The Dogg has recently issued NFTs which gave people certain privileges on his recent tour, named The High School Reunion tour. Maybe he found out that he was the only one left smoking weed.
Major Coin Summary
| Name | Close | Daily Ch % | Wk Ch | Wk Ch % | RSI | ST Score | LT Score | Overall |
|---|---|---|---|---|---|---|---|---|
| Bitcoin | 36,596.68 | 1.2% | -717.29 | -1.9% | 75 | 50 | 47 | 48 |
| Ethereum | 1,961.28 | 0% | -117.01 | -5.6% | 67 | 8 | -41 | -29 |
Bitcoin falls 2% on the week, while Ethereum falls 5.6%; the latter encounters resistance at previous short term highs. Bitcoin find shortt erm uptrend.
Ratio Chart
Secondary Coin Summary
Weekly change – highest to lowest
| Name | Close | Wk Ch % | RSI | ST Score | LT Score | Overall |
|---|---|---|---|---|---|---|
| THORChain (Smart Contract Coin) | 6.42 | 59.6% | 88 | 100 | 3 | 27 |
| Avalanche (Smart Contract Coin) | 21.94 | 48.8% | 87 | 67 | -85 | -48 |
| Near (Smart Contract Coin) | 1.87 | 19.9% | 77 | 17 | -88 | -62 |
| Fantom (Smart Contract Coin) | 0.34 | 16.3% | 78 | 8 | -88 | -64 |
| DogeCoin (Memecoin) | 0.09 | 14.4% | 72 | 25 | -88 | -60 |
| Solana (Smart Contract Coin) | 58.42 | 3.1% | 75 | 92 | 3 | 24 |
| Cosmos (Smart Contract Coin) | 9.40 | 2.1% | 72 | -25 | -88 | -72 |
| The Sandbox (Gaming Coin) | 0.42 | -0.9% | 71 | -25 | -88 | -72 |
| Polygon (Smart Contract Coin) | 0.83 | -1.6% | 73 | 8 | -88 | -64 |
| Polkadot (Cross Chain Coin) | 5.24 | -1.1% | 69 | -33 | -92 | -78 |
| Decentraland (Gaming Coin) | 0.43 | -1.8% | 70 | 8 | -88 | -64 |
| BNB Chain Native Token (Smart Contract Coin) | 244.75 | -2.5% | 65 | -33 | -88 | -74 |
| Monero (Privacy Coin) | 162.70 | -4.9% | 57 | 0 | -41 | -31 |
| Stellar (Privacy Coin) | 0.12 | -4.6% | 60 | 8 | -45 | -32 |
| Cardano (Smart Contract Coin) | 0.37 | -5.1% | 72 | 50 | -88 | -54 |
| XRP (Smart Contract Coin) | 0.61 | -7.1% | 63 | 8 | -41 | -29 |
| Theta Token (Gaming Coin) | 0.93 | -10.2% | 71 | 50 | -88 | -54 |
| ChainLink (Cross Chain Coin) | 13.68 | -11.8% | 71 | 83 | 0 | 20 |
Thorchain and Avalanche were big winners on the week, with rises of 60% and 49% respectively. Both make new short term highs but become short term overbought.
| Name | Close | Daily Ch % | Wk Ch % | RSI | ST Score | LT Score | Overall |
|---|---|---|---|---|---|---|---|
| Ark Innovation ETF | 43.70 | 3.5% | 10% | 57 | -33 | -92 | -78 |
| Block Inc | 58.19 | 3.4% | 13% | 65 | -33 | -92 | -78 |
| Coinbase Global Inc Cl A | 99.05 | 2.2% | 6.6% | 66 | 8 | -45 | -32 |
| Hive Blockchain Technologies Ltd | 3.00 | 2.7% | -4.2% | 50 | -75 | 0 | -18 |
| Marathon Digital Hldgs Inc | 10.00 | 2.5% | 4.1% | 60 | -75 | -88 | -85 |
| Microstrategy Cl A | 486.22 | -0.6% | -4.5% | 72 | 83 | 88 | 87 |
| Riot Blockchain Inc | 10.48 | 3.1% | 1.2% | 55 | -75 | -41 | -49 |
| Robinhood Markets Inc Cl A | 8.10 | 2% | -1.6% | 38 | -75 | -92 | -88 |
| Tesla Inc | 234.30 | 0.3% | 9.2% | 41 | -75 | -92 | -88 |
Block was the best performing Crypto related equity with a gain of 13%, and tests resistance at 59. Coinbase and Marathon also improved by 6.6% and 4.1% respectively.