It’s a new day, new week. We have a list of coins that have the potential to be bullish, one of which is the stable coin USDT, that might be a reference for you. Let’s check them out!

5 Bullish Crypto Assets

• USDT (USDT)

After breaking the resistance level of 15,040 – 16,000, the 1-day chart showed a bullish trend toward a positive direction. The USDT hit 15,345, but the price failed to strengthen further to the level of 15,400. It has weakened instead and the RSI indicator has shown that the price is already in the overbought area. If USDT can penetrate 15,450 level, it will strengthen the direction of the trend in the bullish area.

Based on the Bollinger Bands indicator, the price will fluctuate as the two lines move far from each other. Support levels are at 15,020 – 15,040, a break of this area will indicate USDT to test  14,800 level.

• Ren (REN) 

In the 4-hour time frame, REN is confirmed to be in the uptrend path after a candle can stay above EMA/200 followed by the break out of the resistance level at 1,850. A strengthening will test the 2,130 level to confirm the direction of the price. 

After testing 2,000 level, the price was weakened instead. The MACD indicator also signalled that the trend is heading toward negative direction. A weakening will test 1,830, if this area is broken it will next test  1,800 level.

• Maker (MKR)

The candle can stay above WMA/75 and WMA/85, which was the beginning of the bullish trend until it broke the resistance at 11,900,000. The bullish trend will continue if the candle is able to break the resistance level at 11,350,000 – 15,900,000 area.

• Uniswap (UNI)

It rebounded and strengthened quite significantly after touching 84,670 price it was then changes the direction of the trend. This can also be seen from the MACD Indicator which shows a positive movement as some resistance areas such as 90,500 and 93,300 were penetrated. The closest resistance level is at 108,500.

On the 4-hour chart, the MACD indicator shows that the trend is in the negative area, while the RSI indicator needs more time to confirm the trend movement.

• Multi-collateral DAI (DAI) 

It moved sideways in the range of 14,235 – 14,385, which was later confirmed by a candle that broke the resistance line making DAI in the uptrend channel. If you look at the Bollinger Bands indicator, the price movement on the 1-day time frame is likely fluctuate looking at the candle that has suddenly increased and decreased several times.

After touching the price of 15,745, the MACD indicator shows that the trend is in a negative direction, the bullish trend will be broken if the price is able to break out and form a complete candle below the 15,000 level.

5 Bearish Crypto Assets

• WEMIX (WEMIX) 

The price is indicated to go against the bearish trend when the candle can stay above WMA/75, this must then be followed by the break of 28,000 level, one of the quite strong resistance levels at 30,000.

The increase in WEMIX will stay in the bearish phase if supply is dominating followed by the price weakening to the range of 25,000.

• GXChain (GXC) 

On the 1-day chart, the price is still below the EMA/200 which indicates the price is still in the downtrend channel. The support level is at 7,400, if this level is broken it will move towards the 5,800 level.

The bearish trend will reverse direction if it is able to break through 10,200 price, then it will be confirmed by a candle that will form above the EMA/200. 

Bearish trend has occurred in GXC since May 17, 2022 which is confirmed by the inability of the candle to stay above 19,300 and fail to penetrate the resistance area at the level of 24,000.

• Orchid (OXT)

At the current OXT movement, it can be seen that the price is still below WMA/75 and WMA/85 and if you are using the Bollinger Bands indicator, it can be said that it is currently in the bearish sideways with limited movement around the range of 1,470 – 1,700.

• MARBLEX (MBX)

The weakening in MBX started when candle hit the 180,000 level, it then weakened further and penetrated the EMA/200. It was in the downtrend phase since August 19, 2022. A trend reversal will occur if MBX can break through several resistance levels such as 60,000 and then stay above the WMA/75 line, before breaking the 75,000 level.

• Fantom (FTM)

The 4-hour time frame showed the possibility of FTM to reverse the direction from bearish to bullish by staying above WMA/85 and followed by a candle that can penetrate 3,500 and the trend will form a new direction in the bearish phase if it breaks in the price range of 3,560 – 3,600.

The MACD indicator shows that the trend is in a positive zone, which is quite reasonable considering the price has weakened 30% since the beginning of the downtrend. The price will fail to make corrections if it breaks the support level at 3.335.

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.

 

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