Guide on How to Easily Create Unique NFT in OpenSea
25/07/2022
Ethereum and Altcoin
27/07/2022
This month there are several coins, one of which is ETH Classic and BTG Gold which can be recommended and can help the portfolio go green again. Come on, find out here!
5 Bullish Crypto Assets
Sideways movement between the price range of 201,000 – 225,500 dominated before the resistance level was broken, and the price strengthened further so that the trend entered a bullish phase on July 19, 2022.
A weakening in ETC will test the nearest support level at 365,000 and the next price level is at 326,000. Meanwhile the strengthening of Ethereum Classic will test the 421.00 level.
Using a 4-hour time frame, it shows that there was a weakening on July 21, 2022 which tested the EMA/200, WMA/75 and WMA/85 simultaneously but the price level did not break through 247,000 which then caused the price level to experience a significant push.
Strengthening is still possible with the nearest resistance level is at 402,000 price range, but it must also be noted that there were several wicks at the end of the candle when prices were strengthening.
The bullish phase will reverse its trend, if the candle chart is able to break below the price of 242,000.
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OctoFi (OCTO)
The upward trend in OCTO has occurred since July 14, 2022, the price rose from 20.060 level then experienced sideways in the price range of 21,100 – 22,500, before breaking out the resistance level.
The price had touched the price range of 32,400, but the price failed to strengthen further because the RSI indicator signaled that it was already in the overbought area so that the price experienced a correction.
The price is still above the EMA/200 at 22,630 so it is possibly still in the uptrend. The closest support level is at 22,900, a break of this level will test the WMA/75 and WMA/85 lines.
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NEM (XEM)
The increase in NEM (XEM) happened because the price could not pass below 550. If it touched this price level, the price bounced up and then passed a fairly strong resistance level at 630.
A weakening will test the nearest price level in the 700-705 range. Next it will test the WMA/75 and WMA/85 levels.
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Fantom (FTM)
The use of several indicators on a 4-hour time frame such as Bollinger Bands showed that the distance between the two lines was wide apart so that the up and down movement of the FTM price would be more volatile, the price touched the 5,330 price level but the RSI indicator indicated that the trend was already in the overbought area so that the price unable to continue strengthening and experiencing correction instead. The bullish trend would continue if the price was unable to correct more than the 4,000 – 4,060 price range.
Meanwhile, the strengthening will test the nearest price level at 5,500, a break of this level will try to break out from the 6,300 price level.
5 Bearish Crypto Assets
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VELO (VELO)
In the 4-hours chart the MACD indicator was in the negative area but both lines were narrowing so it took more time to confirm the direction of the trend. The bearish trend reverse direction if the price is able to break the 340 level and will then test the 370 level. The support level is at the 280 price range, a break of this level will lead to the 230 price level which is the lowest price for VELO.
A break of 16,300 price level will make the price strengthen further and will try to break through the price of 21,000. If these two resistance levels are broken then they will go to the EMA/200 line.
The MACD indicator shows if the trend is in a positive area with a positive histogram. The Bollinger Bands indicator shows that both lines are narrowing where the price is moving between the range 11,500 – 15,400.
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Curve DAO Token (CRV)
In the 1-Day time chart, the MACD indicator is in the positive area with a positive histogram with the trend direction trying to move towards the 29.300 price level, if it breaks, it will increase the chance to break the EMA/200 line. The support level if the price weakens is at 16,000 there is a strong support level at the price of 8,100.
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Loom Network (LOOM)
It touched the price level of 450 on June 15, 2022, but the RSI indicator showed that it was already in the oversold area, so the price strengthened to the level of 910 instead.
On the 1-Day chart, the price is still below the EMA/200 line or below 940, which indicated that it is still in the downtrend phase. The resistance level is at 840, a break from this level must be confirmed by the formation of a candle, not just a wick.
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DEAPcoin (DEP) ??
The decline started on April 28, 2022 when the bearish phase occurred and the price of DEAPcoin (DEP) weakened further. The support level is in the 170 price range followed by 150 price. If this level is broken then a new trend will form.
The trend will reverse direction if the price is able to break through the 315 price level and stay above this level. But before being able to break this level, it will first test the price of 250 and 285.
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.
