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

There wasn't a lot of decisive action on the global equity markets last week as uncertainty seemed to prevail once again.

The seven major markets that we followed were all green on the week's end, which shows the improvement of their year-to-date performance as a group.

A rally above last week's high of 2,680.26 would give a breakout signal.

The German DAX Index broke out of a descending wedge type pattern last week.

We got some sense of its bullish potential on an upside breakout last week as the index rallied above the downtrend line across the top of the pattern.

The low from two weeks ago is in a solid area of potential support and last week's strong price behavior seems to confirm that.

Last week's rally triggered a bullish breakout of the long-term downtrend line as well as the 200-day simple moving average on the 4-hour chart.

As of last week the odds have improved that the recent low from two weeks ago may be the bottom of the four-month correction.

Considering last week's $201.74 high, Monero has advanced as much as 25% from its $161.10 low from two weeks ago.

Last week specifically, it was up a respectable 16.8%, finishing at $188.51.