Equity Markets vs. Cryptocurrency Markets: Weekly Performance Review: Apr. 7 - Apr. 13

Global Equity Markets: Waiting for clarity on direction

Last week, there was no decisive action on global equity markets as uncertainty again succeeded. Nevertheless, the seven major markets we adopted were green in the week, improving their year performance as their team. Both the Hong Kong Hong Kong Index and India's BSE 30 Sensex Index are also positive.

Again, U.S. The offender is uncertain about the impact of trade tariffs between China and China, and a bull market that has grown aging. Investors are looking for some direction and clarity in any direction to start the market after any sentiment. So far, earnings reports have not provided that clarity, but it can change at any time, making an important indicator of incomes to be monitored over the next week.

S&P 500 Index: Can it bounce from here?

The 200-day normal moving average (SMA) (wheat line) is an important indicator of the strength or weakness of the long-term trend and is widely followed by institutional investors.

So far, the S & P 500 has tested its 200-day SMA test time in two different times and in multiple days, and it is managed. Whether it is still not clear whether or not 200 line support will continue to subside or break down the price. Since the price has recently touched 200 lines, bullish codes generally do not last longer than one day.

Fortunately, if we zoom down to a lower-time frame like a 4-hour chart, as we saw in the next picture, the bottom line of the obvious potential head and sides is a reverse pattern. The last 2,680.26 rally last week gave a breakout signal. Based on a classic measuring goal for this model, the target is approximately 2,790.2, with 78.6% Fibonacci resume zone and the most recent swing from March.

German DAX Index: Facing downside potential on upward moves

The German DAX index survived last week's split-type model. Although it is difficult to locate a model, it has the underlying functionality of the activity. In particular, it is a decreasing consensus model and it is considered bullish. The bullishness of the bulk of the weekend came to some degree last week, as the lower the bottom of the sample came downstream. The further upward movement is now possible.

However, the word of the alert is guaranteed. A 200-day SMA (wheat line is now 12,659.92) which represents a long-term trend. This is usually not a bullish mark. Therefore, although this short-term capability may remain in this index, the overhanging weight of potential supplies may be muted sooner.

Depending on how much the current rally rises, we can see early signs of the potential head and shoulder top model. However, we have to wait.

Cryptocurrencies: Long awaited rally

Buying enthusiasm returned to the Crypto market on Friday, all major coins, as shown above the chart, saw significant rallies during the week - more than 10%. Bitcoin Friday Intermediate-Term Downtown Line is over $ 1,000 in its first hour after its breakout.

The wider rally is not clear what the original trigger is, but there are some developments that encourage buyers. As moves are accelerated, certain progress is determined by market behavior for upcoming two weeks, as the shorts reach the exit and direction, ascending speed is strongly affected.

A report from Boston Finance, a Indonesian-based FTech firm, was claimed by their internal Sharia adviser and Sharia compliance officer that "Cryptoccurrency, Blackchain and Bitcoin (BTC)" are generally allowed under Sharia law.

It is to see that other Islamic economists will consider this observation to get a wider acceptance of the Muslim community. Disappointment in society on such issues is not uncommon.

There are a couple recent developments to change the tide from the bear to the bullish on the organizational side. The famous hedge fund Titan George Soros' family office announced that they would add to Cryptocurrency for trading and investing assets, but Rockefeller's venture capital arm Ventrock expanded into a non-cryptic investment in partnership with investment firm CoinFund.

Meanwhile, billionaire venture capital investor and early cryptocurrency catalyst Tim Draper launched a $ 250,000 new price for Vidhu by 2022.

IOTA (IOT/USD): Still showing relative strength

Iota became the best player of the week, rising $ 0.39 or 41.8% over the week to $ 1.32. It jumped to 65% of its $ 0.915 trend swing since last week's high of $ 1.513.

Less than two weeks ago it seems to confirm that the solid area of ​​potential support and last week's strong pricing behavior. Support includes long term uptrend line (not the exact same, but the general price area), and the references including the 88.6% Fibonacci retracement level completion.

This is a low Fibonacci ratio derived from the square root of 0.786. It works well in both Crypto and Forex. In addition, the lowest short-term resistance (now supported) since November last year.

Last week's rally prompted the bullish breakout of the long-term control line as well as a 200-day general moving average on a 4-hour chart. Between January and mid-January, you have done a good job of giving a diagnosis of the line line of the line line-up of the 200 line line to see how they found the same area of ​​resistance.

Then we recently have to look at the confirmation of strength with a height greater than $ 1.53 maximum short-term. In the meantime, gear can be checked for low-end rallies or in low-cost areas to build a place. As of last week, the odds have been improved that may have been less than four months' tampering from two weeks ago.

Monero (XMR/USD): Bull wedge breakout

Although Monroe's relative performance was the eighth seventh, it provided a strong bullish signal. A descending split is a classic chart design that has a tendency to climb upward. Last week, this power was seen in a breakdown in Monroe.

It is not yet clear if it's a permanent bottom for the coin, but it provides a very tragic signal. Note that the price support area has toured three times since the correction started in December.

The Monroe jumped from $ 161.10 to 25 percent from two weeks ago, taking the maximum of $ 201.74 in the last week. Exclusively last week, it ended at a respectable 16.8%, at $ 188.51.

Since the early breakout has already occurred, monorail may be monitored for a low cost entry point pendant. Below the bottom of the $ 161.10 below indicates failure of the bullish model, but otherwise we can imagine high prices.

The classic goal from this model is at least $ 235.96. However, this crypto is involved in a potential resistance around 200 days SMA, which is now at $ 224.72. It should keep in mind your investments or business strategies.