30th September 2023: Weekly Crypto Trends
Crypto Assets
Major coins were almost unchanged on the week.
Secondary coins were mostly better on the week, with the largest gain from Thorchain, up 14.8%, followed by Theta and The Sandbox. Ripple finds short term support at 0.5, together with Stellar at 0.11. Chainlink and Thorchain both test the tops of short term ranges. Weaker coins generally do not make new lows, such as The Sandbox.
Crypto related equities were generally modestly better on the week, with Coinbase the best with a 5.8% rally. Hive tests support at 3, while Block has made new short term lows and tests longer term support at 43.
News
Gary Gensler, ludicrous SEC henchman, admitted in front of the House Financial Services Committee (HFSC) today that a Pokémon card is not a security in his view, under United States law—but he did not know whether a tokenized Pokémon card could be classified as a security. This confirms all one needs to know about Gensler.
Great news this week is the arrest of the astonishingly arrogant and unpleasant Su Zhu of bankrupt Three Arrows Capital who has been apprehended while trying to leave Singapore and sentenced to four months in jail.
Major Coin Summary
| Name | Close | Daily Ch % | Wk Ch | Wk Ch % | RSI | ST Score | LT Score | Overall |
|---|---|---|---|---|---|---|---|---|
| Bitcoin | 26,926.42 | -0.4% | 315.24 | 1.2% | 53 | -42 | 0 | -10 |
| Ethereum | 1,668.72 | 0.9% | 72.84 | 4.6% | 49 | -75 | -88 | -85 |
Major coins were almost unchanged on the week.
Ratio Chart
Secondary Coin Summary
Weekly change – highest to lowest
| Name | Close | Wk Ch % | RSI | ST Score | LT Score | Overall |
|---|---|---|---|---|---|---|
| THORChain (Smart Contract Coin) | 2.00 | 14.8% | 61 | 92 | -88 | -44 |
| ChainLink (Cross Chain Coin) | 7.95 | 14.3% | 67 | 83 | -88 | -46 |
| Decentraland (Gaming Coin) | 0.32 | 7.2% | 51 | -75 | -88 | -85 |
| Theta Token (Gaming Coin) | 0.65 | 7.4% | 50 | -75 | -88 | -85 |
| Solana (Smart Contract Coin) | 20.30 | 4.3% | 45 | -75 | -88 | -85 |
| The Sandbox (Gaming Coin) | 0.31 | 4.7% | 44 | -75 | -88 | -85 |
| Fantom (Smart Contract Coin) | 0.19 | 3.7% | 42 | -75 | -88 | -85 |
| Avalanche (Smart Contract Coin) | 9.18 | 3.4% | 38 | -75 | -88 | -85 |
| BNB Chain Native Token (Smart Contract Coin) | 215.35 | 1.9% | 49 | -75 | -88 | -85 |
| Cardano (Smart Contract Coin) | 0.25 | 1.7% | 39 | -75 | -88 | -85 |
| XRP (Smart Contract Coin) | 0.52 | 1.7% | 48 | 0 | 41 | 31 |
| Polkadot (Cross Chain Coin) | 4.08 | 1.3% | 38 | -75 | -92 | -88 |
| Monero (Privacy Coin) | 146.88 | 1.2% | 54 | -42 | -88 | -77 |
| Near (Smart Contract Coin) | 1.12 | -0.3% | 40 | -75 | -88 | -85 |
| Cosmos (Smart Contract Coin) | 7.11 | -0.6% | 46 | -75 | -88 | -85 |
| Polygon (Smart Contract Coin) | 0.53 | 0.8% | 45 | -83 | -88 | -87 |
| DogeCoin (Memecoin) | 0.06 | 0.9% | 45 | -75 | -88 | -85 |
| Stellar (Privacy Coin) | 0.11 | -1.8% | 39 | 0 | -4 | -3 |
Secondary coins were mostly better on the week, with the largest gain from Thorchain, up 14.8%, followed by Theta and The Sandbox.
Ripple finds short term support at 0.5, together with Stellar at 0.11. Chainlink and Thorchain both test the tops of short term ranges. Weaker coins generally do not make new lows, such as The Sandbox.
| Name | Close | Daily Ch % | Wk Ch % | RSI | ST Score | LT Score | Overall |
|---|---|---|---|---|---|---|---|
| Ark Innovation ETF | 39.67 | 1.4% | 2.2% | 46 | 0 | -88 | -66 |
| Block Inc | 44.26 | -0.2% | -1% | 27 | -100 | -100 | -100 |
| Coinbase Global Inc Cl A | 75.08 | -0.1% | 5.8% | 50 | 0 | -45 | -34 |
| Hive Blockchain Technologies Ltd | 3.08 | -1.3% | 3% | 43 | -75 | 88 | 48 |
| Marathon Digital Hldgs Inc | 8.50 | -0.8% | -2% | 40 | -75 | -41 | -49 |
| Microstrategy Cl A | 328.28 | -0.2% | 1.7% | 50 | 0 | 41 | 31 |
| Riot Blockchain Inc | 9.33 | -1.1% | 1% | 44 | -75 | 0 | -18 |
| Robinhood Markets Inc Cl A | 9.81 | 1.3% | 1.1% | 42 | 0 | -88 | -66 |
| Tesla Inc | 250.22 | 1.6% | 2.2% | 55 | 75 | -92 | -51 |
Crypto related equities were generally modestly better on the week, with Coinbase the best with a 5.8% rally. Hive tests support at 3, while Block has made new short term lows and tests longer term support at 43.