Finspiration Australia.

 28/4/23.  Friday Morning Crypto Report.

Overnight, Crypto10 Index up +2.08%.

Today's Index candle, although positive, is an "inside" day - denotes indecision.  Indicators and moving averages remain on the bearish side.

BTCUSD.

BTC on a triple Supertrend buy signal.

Confirmed by positive x-overs of RSI and DZ Stochastic.

ADA

Not as decisive as BTC.

Hull MA13 has turned up.

Only one Supertrend line has turned bullish.

DZ Stochastic shows a positive x-over.

Waiting on a positive x-over on RSI

Finspiration Australia.

 26/4/23.  Cryptos report.

Major Cryptos maintain bearish conditions - but close to changing.

BTCUSD.

Good night for BTC, up +2.86%.  It bounced off the 50-Day MA.  

DZ Stochastic has given a marginal buy signal and it finished marginally above the 8-Day EMA.

I'd like to see the RSI finish above the 20-Day MA and at least one Supertrend trigger a yellow line (bullish).

ADA

ADA up +2.84%.  A strong result but no buy signals triggered.  Wait.

MATIC.

MATIC down -1%.  The day's candle is a wide-range doji candle.  Coming at the low end of a down-trend, that may signal an end of the down trend.  But no buy signals triggered.  Wait.

 

Finspiration Australia

 25/4/23.  Tuesday morning Cryptocurrencies.

Four cryptos are covered in this report.  BTC, ETH, ADA, MATIC.  All four are currently on sell signals.  Wait-and-see.

BTC/USD,

BTC/USD remains on "sell" signals.

This crypto is in wait-and-see mode:  a couple of doji candle-sticks indicate indecision as it consolidates at the 50-Day MA. 

CCI has flattened out and DZ Stochastic has also flattened out and close to moving above its lower Zone line.

Money Flow is down almost to 20 - an oversold zone.

A break below the 50-Day MA would see further movement to the downside.  Buyers should look for a bounce off the 50-Day MA.

ETH/USD

Similar to BTC, ETH/USD is on sell signals.

The chart shows two doji candle-sticks in a row - indecision and the chart is sitting just above its 50-DMA.

A break below the 50-Day MA = more selling.

A bounce off the 50-DMA - probably a buy.  Wait-and-see.

ADA/USD

ADA/USD has a similar profile to BTC/USD,  but, perhaps, a little stronger than BTC.  It remains on sell signals.

This crypto is sitting a little above its 50-Day MA, so the same comments for BTC apply to ADA.  Bounce - and it is probably a buy.  Fall through 50DMA - probably more selling.

MATIC/USD.

Matic/USD is a little weaker than either BTC or ADA having fallen through its 50-DMA.

Leading indicators suggest, however, that the break below the 50-DMA could be a false break.

CCI is showing a clear positive divergence and minor positive divergences on RSI and DZ-Stoch.

Wait-and-see how this pans out.