[isatrader]

With a further 26% of crypto moving above their short term 20 day MA today and a few starting to move above longer term MAs also. The overall average has moved out of the lower zone for the first time in 10 weeks and changes status to bull alert*

*Needs to end week above 30%.

   

[isatrader]

I've entered MATIC long on the potential intraday Backup (BU) range. It's still under the 50 day MA on the daily chart though, and has moved a long way in a short time already. So I would be exiting if it starts to fall back into the range and turns into an UTAD instead.

   

[isatrader]

➜ Percentage of Crypto Currencies above their Moving Averages breadth charts

% Above 20 day MA: 58.39% (-8.72%)
% Above 50 day MA: 13.42% (+4.03%)
% Above 150 day MA: 8.05% (+0.67%)
% Above 200 day MA: 10.74% (-2.68%)

Average: 22.65% (-1.68% 1wk)

A slight pullback this week in the overall average of -2.68% for a total of 22.65% of Crypto Currencies above their Moving Averages - which remains in the lower zone, but within striking distance of the key 30% level that would change it to positive status. So on alert.

   


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

               

[isatrader]

MANA - Decentraland one of very few cryptos in a daily uptrend currently (i.e. above the +1x ATR level)

   

[sjappie]

$LINK stage 3 into stage 4?

[isatrader]

$LINK stage 3 into stage 4?

It's borderline as failed to close strongly below the Stage 4 breakdown level last week. So could still form a Spring. Hence I'd give it a Stage 3B- rating at the moment. But at the pivotal point where it could break to Stage 4 if demand fails to come in here.

   

[isatrader]

Bitcoin moving back through its 50 day MA as it continues to build a base in a "Daily" Stage 1 range. The weekly chart remains in late Stage 3 however.

   


Ethereum approaching the 50 day MA within a potential "Daily" Stage 1 base in Phase B of the developing structure. Like Bitcoin, the weekly chart remains in late Stage 3 however.

   

[pcabc]

Bitcoin moving back through its 50 day MA as it continues to build a base in a "Daily" Stage 1 range. The weekly chart remains in late Stage 3 however.




Ethereum approaching the 50 day MA within a potential "Daily" Stage 1 base in Phase B of the developing structure. Like Bitcoin, the weekly chart remains in late Stage 3 however.

My breadth chart based on a pool of cryptos backs that up:
3. New Highs minus New Lows is definitely negative.

5&6. The Weinstein Momentum and similar 1% Advance Decline are below zero and still falling.

8&10 the McClellan Summation Indicies are very negative at present.  May be headed upwards?

12 & 13 the % cryptos above their 50 and 200 day EMAs are very low, but obviously for the shorter time periods there have been upward blips to higher %'s.

14 & 15 the Silver and Gold Cross Indicies are very low with the Gold Cross Index still heading downwards. 

On this basis the cryptos have a lot of work to do before things turn up.  I hope that it is the start of a Stage 1, but apart from the higher lows in Bitcoin (not checked other charts) there is a lot to do to get it much stronger.