[isatrader]

Bitcoin breaking strongly below the recent channel today

   

[isatrader]

% Above 20 day MA: 11.41% (-20.13%)
% Above 50 day MA: 21.48% (-16.11%)
% Above 150 day MA: 46.98% (-16.78%)
% Above 200 day MA: 55.33% (-9.77%)

Average: 33.80% (-15.70% 1wk)

   

Status: Difficult Environment


Here's the individual Percentage of Crypto Currencies above their Moving Averages breadth charts.

               

Bitcoin, Ethereum and Cardano Daily Charts

           

[isatrader]

$MATIC.X Polygon showing some strong RS today, and potential for a Stage 2 continuation attempt to new highs.

   

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Ethereum local spring attempt from the weekend failed breakdown attempt. Attempting to regain the 50 day MA level.

   

[isatrader]

$MANA.X Decentraland intraday 2 hour chart starting to develop a Stage 1 base. The weekly chart remains in strong Stage 2 advance despite the recent general crypto weakness. $SAND.X The Sandbox making similar patterns.

   

[isatrader]

$SAND.X The Sandbox developing in Stage 1 on the intraday 4 hour timeframe with diminishing volume

   

[isatrader]

% Above 20 day MA: 6.71% (-4.70%)
% Above 50 day MA: 10.07% (-11.41%)
% Above 150 day MA: 26.17% (-20.81%)
% Above 200 day MA: 33.56% (-21.78%)

Average: 19.13% (-14.67% 1wk)

Status: Difficult Environment

A further decline in the % above their key MAs this week, dropping back into the lower zone.

               


Here's the individual Percentage of Crypto Currencies above their Moving Averages breadth charts.

               

[isatrader]

Ethereum with spring type action and a test within the intraday base structure.

Similar price action in multiple cryptos with strong relative volume moves in line with the stockmarket action yesterday following the Fed announcements.

   

[isatrader]

$MANA.X Decentraland potentially moving into Phase D of the intraday Stage 1 base structure following a spring and then a higher low test.

   

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$SAND.X in a similar position to MANA.X within its intraday Stage 1 base structure.

   

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$BAL.X Balancer with a six month Stage 1 base structure. Attempting to form Phase C with a Spring

   

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$MATIC.X Polygon holding near the top of the range and above its 50 day MA. So potential for a Stage 2 continuation attempt.

I actually used this week to register my nft domain stageanalysis.x on unstoppabledomains.com for future use.

   

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ROSE.X Oasis Labs consolidating in early Stage 2 near the original breakout level and 50 day MA. Strong RS compared to majority of cryptos. Potential for a Stage 2 continuation attempt.

   

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$SOL.X Solana attempting to regain the 21 day EMA following the upthrust in November.