RE: Stan Weinstein's Stage Analysis and Market Breadth - Technical Analysis
Crypto breadth
I've added automatic annotations to my charts to save time marking the chart up. Lets see how that goes.
1. Price, this looks like a volatility contraction pattern to me. I also note the volume increase coming out of the last low.
2. A/D and A/D volume has not diverged.
3 & 4. Nothing much to say on new highs minus new lows, neutral. I've not dug into too many of the charts, but BTC, ETH and ADA are not making new highs and the pool of cryptos is quite small. So inactivity on this plot is expected.
5 & 6. Weinstein's Momentum Indicator and the related 1% A/D are slightly posative but flattish having been higher. Not much to conclude.
6 & 8. The McClellen Ossiclators, standard and volume are positive. The McClellan Volume Summation Index looks like it will cross its zero line upward.
11, 12 & 13. The % stocks above their 20, 50 and 200 day EMAs are all positive. However, the Silver Cross Index (20 day EMA v 50 day EMA) 14 is below 50% but might cross that threshold as it has been moving up. The Gold Cross index (50 day EMA v 200 day EMA) is likely around 55% but is moving sideways for now.
The % stocks above their EMAs are the strongest bullish signs along with price. The other indicators are weaker.