Bitcoin and Ethereum were down sharply on the week, 8.1% and 10.7% respectively, after strong recent gains and becoming overbought. Of More concern is that Bitcoin has not maintained recent all times highs and threatens a medium term top. Ethereum may have short term top beneath 3500.
Secondary coins also generally corrected on the week, with the exception of fantom, which rallied by 31%, making new short term highs. Avalanche encounters medium term resistance at 62, while Thorchain has encountered some resistance at 11.3. Near, Polygon and Cosmos reversed out highs. Theta may form short term top at 3. Cardano may have short term top, beneath 0.7, Polkadot tests short term support at 8.9.
Secondary coins still maintain short term uptrends but need to reassert uptrends swiftlyto preserve these trends. In the medium term Solana and Thorchain still have best trend with scores of 85, while Avalanche remain top quartile with a score of 54.
Crypto related equities were mixed. Microstrategy gave back 14.65 after very substantial gains, while Riot finds some support at the bottom of the range. Coinbase encounters previous short term highs.

 
 

MAJOR COIN SUMMARY

NameCloseDaily Ch %Wk ChWk Ch %RSIST ScoreLT ScoreOverall
Bitcoin63,778.76-2.6%-5625.01-8.1%60424746
Ethereum3,333.69-4.6%-401.53-10.7%59877
 

 

Bitcoin and Ethereum were down sharply on the week, 8.1% and 10.7% respectively, after strong recent gains and becoming overbought. Of More concern is that Bitcoin has not maintained recent all times highs and threatens a medium term top. Ethereum may have short term top beneath 3500.

 
 

RATIO CHART

 
 

SECONDARY COIN SUMMARY

Weekly change - highest to lowest

NameCloseWk Ch %RSIST ScoreLT ScoreOverall
Fantom
(Smart Contract Coin)
1.1431.1%84100327
XRP
(Smart Contract Coin)
0.61-3.6%56877
Solana
(Smart Contract Coin)
174.36-4.7%65758885
Monero
(Privacy Coin)
134.78-5.1%53-75-92-88
The Sandbox
(Gaming Coin)
0.65-5.1%608-41-29
ChainLink
(Cross Chain Coin)
18.29-6.7%4484738
Stellar
(Privacy Coin)
0.13-6.4%558-45-32
DogeCoin
(Memecoin)
0.15-6.4%6375723
Avalanche
(Smart Contract Coin)
53.27-8.9%60754754
Cosmos
(Smart Contract Coin)
11.39-9.8%548-41-29
Decentraland
(Gaming Coin)
0.62-9.5%598-41-29
Theta Token
(Gaming Coin)
2.80-9.7%6975018
BNB Chain Native Token
(Smart Contract Coin)
551.78-12.8%6675723
Near
(Smart Contract Coin)
6.47-13.4%6375018
THORChain
(Smart Contract Coin)
8.07-13.3%58758885
Polygon
(Smart Contract Coin)
0.97-14.9%530-41-31
Cardano
(Smart Contract Coin)
0.61-15.6%528-41-29
Polkadot
(Cross Chain Coin)
8.92-17.7%558-45-32
 
 

Secondary coins also generally corrected on the week, with the exception of fantom, which rallied by 31%, making new short term highs. Avalanche encounters medium term resistance at 62, while Thorchain has encountered some resistance at 11.3. Near, Polygon and Cosmos reversed out highs. Theta may form short term top at 3. Cardano may have short term top, beneath 0.7, Polkadot tests short term support at 8.9.

Overall trend - highest to lowest

NameCloseWk Ch %RSIST ScoreLT ScoreOverall
THORChain
(Smart Contract Coin)
8.07-13.3%58758885
Solana
(Smart Contract Coin)
174.36-4.7%65758885
Avalanche
(Smart Contract Coin)
53.27-8.9%60754754
ChainLink
(Cross Chain Coin)
18.29-6.7%4484738
Fantom
(Smart Contract Coin)
1.1431.1%84100327
BNB Chain Native Token
(Smart Contract Coin)
551.78-12.8%6675723
DogeCoin
(Memecoin)
0.15-6.4%6375723
Near
(Smart Contract Coin)
6.47-13.4%6375018
Theta Token
(Gaming Coin)
2.80-9.7%6975018
XRP
(Smart Contract Coin)
0.61-3.6%56877
Cosmos
(Smart Contract Coin)
11.39-9.8%548-41-29
Cardano
(Smart Contract Coin)
0.61-15.6%528-41-29
Decentraland
(Gaming Coin)
0.62-9.5%598-41-29
The Sandbox
(Gaming Coin)
0.65-5.1%608-41-29
Polygon
(Smart Contract Coin)
0.97-14.9%530-41-31
Polkadot
(Cross Chain Coin)
8.92-17.7%558-45-32
Stellar
(Privacy Coin)
0.13-6.4%558-45-32
Monero
(Privacy Coin)
134.78-5.1%53-75-92-88
 

Secondary coins still maintain short term uptrends but need to reassert uptrends swiftlyto preserve these trends. In the medium term Solana and Thorchain still have best trend with scores of 85, while Avalanche remain top quartile with a score of 54.

 
 

CRYPTO RELATED ASSETS

NameCloseDaily Ch %Wk Ch %RSIST ScoreLT ScoreOverall
Ark Innovation ETF49.41-2.2%1.5%538-45-32
Block Inc80.77-3.9%0.7%628-45-32
Coinbase Global Inc Cl A255.51-2.5%5.4%7183020
Hive Blockchain Technologies Ltd3.05-2.2%-0.7%44-757-13
Marathon Digital Hldgs Inc20.87-4.2%8%45877
Microstrategy Cl A1,523.00-4.8%-14.6%65758885
Riot Blockchain Inc11.40-4.8%-1.7%40-337-3
Robinhood Markets Inc Cl A18.30-4.1%0.8%7358-41-16
Tesla Inc170.83-1.2%4.4%44-75-92-88
 

Crypto related equities were mixed. Microstrategy gave back 14.65 after very substantial gains, while Riot finds some support at the bottom of the range. Coinbase encounters previous short term highs.