INDODAX Market Signal 16 December 2024
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INDODAX Market Signal 16 December 2024

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INDODAX Market Signal 16 December 2024

Market Signal 16 Desember 2024 1920x1080 Newsletter

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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 Bullish Crypto Assets

1.Bitcoin (BTC)    

BTCIDR Chart Image

On the 1 Day chart, Bitcoin (BTC) continues to record positive price changes driving the trend to create new highs for Bitcoin (BTC). Bitcoin (BTC)’s survival above the 1,350,000,000 – 1,480,000,000 area provides a great opportunity for Bitcoin (BTC) to head to higher prices.

2.Sui (SUI)    

SUIIDR Chart Image

The Bollinger Bands indicator predicts that the Sui (SUI) price movement will fluctuate, allowing the Support and Resistance to be penetrated quite large. The current Sui (SUI) trend is still moving above WMA/85, with the Resistance level available around the 76,000 – 80,000 area.

3.Ethena (ENA)   

ENAIDR Chart Image

On the 4 Hour time frame used, the quite high strengthening of Ethena (ENA) is inseparable from the ongoing Bullish phase with prices having strengthened around 150%. Ethena (ENA) is expected to make a new high price, if the Candle can be formed above the price of 20,000.

4.Ondo (ONDO) 

ONDOIDR Chart Image

The trend that can pass the Resistance level of 10,000 – 13,000 ensures Ondo (ONDO) enters the Bullish phase, Bullish is able to push the price of Ondo (ONDO) to move up more than 85%. The price that can form more than the level of 33,000 – 35,000 will create positive momentum for Ondo (ONDO).

5.VELO (VELO) 

VELOIDR Chart Image

VELO (VELO) had experienced a weakening after failing to penetrate the 450 – 515 area, but Support 350 – 410 was able to withstand the corrective trend, VELO (VELO) made a Rebound by penetrating the area that previously failed to be penetrated, namely 450 – 515, making it a positive area for VELO (VELO).

 

5 Aset Kripto Bearish

1.TitanSwap (TITAN)

TITANIDR Chart Image

The price has moved from the Sideways Bearish phase, it is still indicated that it has not succeeded in fixing the weakening trend that has occurred with TitanSwap (TITAN) currently moving above WMA/85, having the opportunity for Candle to form above the 35-45 area.

2.iExec RLC (RLC)

RLCIDR Chart Image

iExec RLC (RLC) is still indicated to be in the Bearish phase even though the trend is moving up and passing the WMA/75, the area of ??51,000 – 60,000 is assumed to be quite important for iExec RLC (RLC) because if this area is able to be passed, it is likely that iExec RLC (RLC) will move into the Bullish phase.

3.LooksRare (LOOKS)

LOOKSIDR Chart Image

Candles that have not formed above the 1,280 – 1,800 area have a negative impact on the price of LooksRare (LOOKS), the trend cannot confirm the change in trend from Bearish to Bullish so it takes more time to confirm the trend improvement.

4.Polymath (POLY) 

POLYIDR Chart Image

The MACD indicator shows that if Polymath (POLY) has the opportunity to strengthen, the trend must have the ability to survive above the Support level of 540 – 670. Polymath (POLY) will successfully move above WMA/85.

5.USD Coin (USDC)

USDCIDR Chart Image

The Bullish trend has not been realized, the trend can survive above the EMA/200 but there is a fairly dominant Resistance area in the range of 16,200 – 16,650 which does not form a Candle above that area so that the Bearish phase is still indicated to be taking place on USD Coin (USDC).

 

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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