Hello INDODAX members! This week, Ethereum takes the top spot in bullish crypto assets! Come on, let’s read in full to find out more about crypto assets that are indicated to be bullish and bearish this week.

5 Bullish Crypto Assets

1. Ethereum (ETH)

Confirmation of the Bullish trend can be ascertained; during one day, the price continued to show positive changes even though it had weakened to touch the Support level in the range of 21,300,000 – 22,000,000. Still, the price bounced back and continued strengthening with dominant movements.

If you look at one of the indicators used, MACD, it indicates that if you are currently in the Sideways phase, this phase is expected to end if one of the prices, namely 25,800,000 and 28,700,000, can pass.

2. Injective (INJ)

The RSI indicator at Injective currently indicates that the trend of price changes is still in a normal range, meaning that it has not touched the Overbought and Oversold areas.

Still, the Support level and Resistance level will determine the momentum of the movement, with the nearest Support level in BCH expected to be at 55,000 – 59,00 while the Resistance zone is at 92,000 – 111,000.

3. Wrapped NXM (WNXM)

Surviving and not breaking the support level 220,000 – 277,000 ensures Wrapped NXM continues the bullish phase.

Still, if this area is passed and a candle can form below this level, the bullish phase may be suppressed into negative momentum.

4. IoTeX (IOTX)

The trend movement on the 4-hour chart shows that currently, the Bullish trend is experiencing negative pressure with an estimate that the Bullish trend will be confirmed to fail to continue if the candle can form below the EMA/200, which is followed by prices that can pass through the support area at 355 – 380.

5. Stellar Lumens (XLM)

Confirmation of the Bullish Stellar Lumens trend on March 21, 2023, could break from the 1,300 – 1,380 area.

The current trend is moving weaker and penetrating WMA/85. With this indication, it is assumed that if the weakening occurs, it will try to test the support level in the range of 1,440 – 1,500.

5 Bearish Crypto Assets

1. BinaryX (BNX)

The passing of 1,800,000 – 2,200,000 ensures that BNX enters a new, Bearish trend. The MACD indicator indicates that the trend is currently in a negative phase with a Sideways trend with a range of price movements of 963,000 – 1,120,000.

2. Efforce (WOZX)

The bearish trend made WOZX touch the level of 610, which was the lowest price for WOZX since being traded on INDODAX.

WOZX will be able to strengthen again and correct the trend in the Bearish Zone if the price can move above WMA/85 to increase positive momentum for Efforce.

3. Metacraft (MCT)

The MACD indicator indicates the current trend is positive after the line crosses upwards.

Still, on the other hand, the Bollinger Bands indicator shows that the trend movement is limited with a range of price movements in the range of 7,600 – 10,300, which is expected if a candle can form past one of this level will determine the price movement of Metacraft in the future.

4. DFI.Money (YFII)

Forming a Candle with a complete position above EMA/200 but unable to change the Bearish trend to Bullish. The price cannot pass through the Resistance area of 22,000,000 – 29,000,000.

The YFII Downtrend phase will strengthen if the Support level 14,900,000 – 15,200,000 is successfully broken.

5. ApeCoin (APE)

Both MACD indicator lines have narrowed, so it is estimated that APE in the 4-hour time frame is experiencing limited movement with a range of 60,000 – 65,000 area.

If the trend can move above EMA/200, the opportunity to end the Bearish phase will be enough. This will also push the price to strengthen and try to break the resistance area at 70,000 – 80,000.

 

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

Suppose the RSI and MACD values show the same condition. In that case, it means that the market is showing the same trend, and the situation is overbought or oversold, which indicates that the market is at the point of changing the trend direction.

 

Attention: All content which includes text, analysis, predictions, images in the form of graphics or charts, as well as news published on this website, is only used as trading information and is not a suggestion or suggestion to take action in a transaction, either buying or selling certain crypto assets.

All crypto asset trading decisions are independent decisions by users. Therefore, all risks arising from it, both profit and loss, are not the responsibility of INDODAX.