Crypto Tries to Turn the Tide 📈 The Chart Report

Crypto is starting to curl upward and show signs of a potential bottom, as Bitcoin and Ethereum try to press higher from their multi-week bases.

The asset class has had a shaky start to the year, but with risk appetite returning across markets, crypto looks poised to re-enter the conversation.

That said, confirmation is everything, because similar strength showed up in January before quickly unraveling in the weeks that followed.

The Takeaway: A breakout here for Bitcoin and Ethereum may indicate that crypto is rejoining the broader risk-on rally.

The Nasdaq 100 Advance / Decline line is confirming the index’s breakout to new highs.

View the whole post from Ian McMillan.

Cyclical stocks across all market caps are breaking out relative to defensives.

Read the full analysis from Grant Hawkridge.

Equity ETF flows are accelerating at a rapid pace.

Watch the complete ETF video from Todd Sohn.

Semiconductors have made history, closing higher for 16 straight sessions.

See the whole post from The Market Stats.

This was the strongest 16-day rally on record for semiconductors.

Check out the entire tweet from Matt Cerminaro.

Since last April’s lows, memory-related stocks have significantly outperformed other AI-linked industry trades.

Read the latest article from Jurrien Timmer.

Emerging markets are reclaiming their prior breakdown level relative to developed markets.

View the whole post from Jim Knarr.

Bitcoin’s volume profile shows a large amount of buyers underwater on their positions.

Read the full analysis from Mike Zaccardi.

Cardano, one of the original altcoins, is holding its 2023 pivot lows.

Examine the complete article from J.C. Parets.

The Chart Report curates best-in-class technical analysis from across the web. 

If you’d like to share a chart or just say hello, email us at info@thechartreport.com