INDODAX Market Signal 02 December 2024
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INDODAX Market Signal 02 December 2024

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INDODAX Market Signal 02 December 2024

INDODAX Market Signal 02 Desember 2024

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This week, the bullish crypto lineup is led by Pepe(PEPE) in first place, followed by LayerZero (ZRO) and Hedera Hashgraph (HBAR).

Want to know how your favorite crypto asset is performing? Check INDODAX Market Signal below!

5 Aset Kripto Bullish 

1.Pepe (PEPE) 

PEPEIDR Chart Image

Pepe’s (PEPE) weakening is held back by Support 0.1 – 0.2 even though the price has moved below EMA/200, the unbroken Support allows Pepe (PEPE) to confirm further BUllish movement so that the price moves up.

A positive trend on Pepe (PEPE) will form, if the Candle is able to form above the 0.37 – 0.42 area, this will cause the line on the MACD indicator to cut upwards.

2.LayerZero (ZRO)  

ZROIDR Chart Image

The increase in LayerZero (ZRO) is inseparable from the trend’s ability to breakout from the EMA/200 which is quite strong. The direction of the Bullish trend will be stronger if the Candle with a complete shape is able to form above the price of 120,000, making LayerZero (ZRO) successfully create a new Resistance level.

 

3.Hedera Hashgraph (HBAR)

HBARIDR Chart Image

Hedera Hashgraph (HBAR) has been moving in a Bullish phase since November 14, 2024, has increased by more than 250%. Hedera Hashgraph (HBAR) touched its highest price since 2021, positive momentum drove a significant price increase.

 

4.Stellar (XLM)

XLMIDR Chart Image

The resistance level of 10,000 – 12,500 is a fairly important area for Stellar (XLM), with the penetration of this level will make the Bullish phase stronger but on the other hand if it is not successfully penetrated the chance of a correction is quite large.
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5.XRP (XRP) 

XRPIDR Chart Image

Although the trend indicated by the RSI indicator is in the Overbought area, XRP (XRP) continues to strengthen quite high, Candles that can stay above the 41,000 – 45,000 area create an opportunity for XRP (XRP) to make a new high price.

 

5 Aset Kripto Bearish

1.HedgeTrade (HEDG)

HEDGIDR Chart Image

There is no fluctuating movement that makes the price of HedgeTrade (HEDG) still stuck in the Bearish phase. The price phase that successfully moves from the 75 – 105 area will have a positive impact on the change in the HedgeTrade (HEDG) trend.

 

2.Polymath (POLY) 

POLYIDR Chart Image

The Bearish Trend will fail to continue, with the trend moving above WMA/85 can provide better opportunities but will be determined by Resistance in the price range of 1,450 – 2,100.

 

3.Biconomy (BICO)

BICOIDR Chart Image

The trend is held back by the 7,000 – 10,000 area. If this area can be penetrated, it will allow the Bearish phase not to continue, but if it fails, it will cause Biconomy (BICO) to re-test Support 3,700 – 5,000.

 

4.Gnosis (GNO)

GNOIDR Chart Image

Gnosis (GNO) is currently able to hold above EMA/200, with the penetration of WMA/85 above EMA/200 will give an indication that Gnosis (GNO) is moving in a Bullish phase, with Resistance in the area of ??5,000,000 – 6,000,000.

 

5.LooksRare (LOOKS) 

LOOKSIDR Chart Image

Support is at level 420 – 720. If this level is broken, LooksRare (LOOKS) will experience a deeper correction, the lowest price will be formed, the trend direction will be confirmed where the price will move negatively.

NOTE: If the 5 EMA crosses the WMA 75, 85 and 200 EMA lines and the lines intersect from the bottom up, then the market trend tends to go up (bullish), each table above shows that if the 5 EMA value is higher than the 75.85 WMA and 200 EMA, the market tends to go up (bullish).

If the RSI and MACD values ??show the same condition, it means that the market is showing the same trend. Overbought or oversold conditions are an indicator that the market is already at the point of changing direction of a trend.

ATTENTION: All contents which includes text, analysis, predictions, images in the form of graphics and charts, as well as news published on this website, is only used as trading information, and is not a recommendation or suggestion to take action in transacting either buying or selling. certain crypto assets. All crypto asset trading decisions are independent decisions by the users. Therefore, all risks arising from it, both profit and loss, are not the responsibility of Indodax.

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