Percentage of Crypto Currencies above their Moving Averages breadth charts
% Above 20 day MA: 4.70% (+2.01%)
% Above 50 day MA: 3.36% (-0.67%)
% Above 150 day MA: 4.70% (-0.67%)
% Above 200 day MA: 10.07% (+1.34%)
Average: 5.70% (+0.50% 1wk)
Status: Difficult Environment
The % of Cryptos has been in the lower zone for 8 weeks now, and with only 5% of cryptos above their short, medium and long term MAs combined, it's at an extreme. The last time it reached this level was in June 2021. So on watch for a reversal out of the lower zone.
Here's the individual Percentage of Crypto Currencies above their Moving Averages breadth charts.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.