Dogecoin (DOGE) bullish! Here are some coins indicated in the Bullish and Bearish phases at the end of October 2022.
5 Bullish Crypto Assets
The chart used in 4 Hours shows that DOGE moves very volatile with high intensity. Before moving high enough, the Dogecoin trend was dominated by sideways movements with a price range of 855 – 1,000. Then on October 26, 2022, DOGE prices experienced a high Pump, causing the trend to be in the Bullish area.
The RSI indicator shows that if the price is already in the Overbought area, the price increase to the range of 100% will impact the Bullish trend’s direction. Strength will try to reach the price of 2.250. If it breaks, it will indicate to penetrate the level of 2.550.
The Bullish trend will be pressured to continue if the price weakens again and penetrates several Support levels, such as 1.600 and 1.400.
If you look at the chart in the 4 Hours time frame, the new trend is in the Bullish zone on October 29, 2022. It can hold above the EMA/200, crossing the WMA/75 and WMA/85 against the EMA/200. The price movement of TFUEL will tend to be quite dynamic, with the opportunity to strengthen and penetrate the resistance level in the price range of 1.345 – 1.515.
The MACD indicator indicates if the trend is in the positive zone with a positive histogram. The price will fail to enter the medium-term Bullish phase if the candle corrects below 780 and drops down to levels below the EMA/200.
Automata Network (ATA)
ATA shows a movement that is not too dynamic but remains on a positive path by slowly penetrating several prices that become resistance points, such as the 2.220 and 2.335 levels. The strengthening will test the level of 2.900. If it is broken, the indication to strengthen the trend in the positive path will be wide open.
The trend above WMA/75 still indicates that Automata Network is in the Uptrend Channel, but the trend will be depressed if the Support level at 2.330 is broken.
Crypto.com Chain (CRO)
CRO is confirmed to be in the Bullish zone after the price was able to break from the level of 1.680, followed by a positive movement of EMA5 and WMA/85. Indications of the strengthening will continue if the price is still moving above WMA/75. The price will try to pass 1,800 with relatively high buying pressure. Meanwhile, if the weakening occurs, in the short term, it will test in the range of 1.685 – 1.700, with the Bullish trend will be depressed if the price can pass 1.650.
Ethereum is one of the coins that has experienced significant strengthening. Since ETH entered the Bullish phase on October 26, 2022, it has strengthened to 18%. The RSI indicator shows that if the current trend is in the Overbought area, this is reasonable, considering that the strengthening is relatively high.
Strengthening will still occur, but there is a nearby Support level in the range of 23,900,000 – 24,400,000, while the Resistance level is available in the area of ??26,000,000 – 26,600,000.
5 Bearish Crypto Assets
The high selling pressure made WEMIX unable to continue to hold above the Support level of 27,000, so the price broke and confirmed it was in the Bearish zone, causing the price to weaken to the range of 20%. If the correction continues, there will be several Support levels, such as 18,800 – 19,300.
The bearish phase will be threatened if the price can strengthen its position again above the 19,400 level, increasing the chance of penetrating the 22,000 level.
The price of RVN continued to decline, briefly crossed the EMA/200, touched the 1.095 level, and then weakened to the level of 750 to 445 on October 13, 2022. A significant decline limited the current trend direction to Sideways Bearish, where the price will move in the 440 range – 570. The price will indicate improvement if it can move above WMA/75.
The weakening trend in XTZ will deepen if the price cannot stay above the 18,000 prices. Meanwhile, the strengthening will try to keep above WMA/75 and then break the 24,500 – 26,000.
On the 1 Day time frame, it can be shown that Tezos is already in the Downtrend zone on January 05, 2022. The price could not hold above the 67,000 level and was followed by breaking the 58,000 level.
1x Short Bitcoin Token (HEDGE)
In the 4 Hours chart, the MACD indicator shows that if the trend is in the negative zone, the weakening will try to stay above the 1.820,000 price. The trend in the Bearish area will form a direction confirmation if the level is broken. The Bearish trend will fail to continue if 1x Short Bitcoin Token can strengthen again and move above the WMA/85 line.
The current trend is indicated to be in the Sideways phase in the 400 – 500 range. This is in line with the indicators used, the MACD and Bollinger Bands, which show a narrowing on both lines. The trend will strengthen and move positively if ANKR can break from the resistance level 575 and then in the strong enough area of 660 – 700.
NOTE: If the EMA 5 crosses the WMA 75, 85, and 200 EMA lines and the lines intersect from the bottom up, then the market trend tends to be bullish (bullish), each table above shows that if the value of EMA 5 is higher than WMA 75.85 and EMA 200, the market tends to go up (bullish).
If the RSI and MACD values ??show the same condition, the market is showing the same trend. Overbought (overbought) or oversold (oversold) conditions indicate that the market is already at the point of changing the trend direction.
Attention: All content 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 a transaction, either buying or selling. Certain crypto assets. All crypto asset trading decisions are independent decisions by the user. Therefore, all risks arising from it, both profit and loss, are not the responsibility of Indodax.