The DASH crypto asset this week is in the top position of the bullish trend, you know! Following BTR, what crypto assets are indicated to be bullish this week? Check here for more information!
5 Bullish Crypto Assets
The strengthening in DASH was initiated by a trend that was able to survive above the 500,000 level, followed by prices moving above WMA/85, causing a number resistance to be broken, such as 575,000, so DASH entered a bullish trend.
The current price is described by the MACD indicator as narrowing, which indicates that the price is in Sideways Bullish, assuming that the movement is in a positive direction but with little changes.
The bullish trend will be in danger of failing to continue if the price declines, followed by a break of several support levels, such as 610,000 and 585,000.
Btrips have indicated to be in an uptrend since November 29, 2022. The price movement in the 4 Hours has increased several times but suddenly occurred quickly, which will determine more momentum for BTR. The price will try to form a full-form candle above the 460 – 480 level.
After touching the support level of 1,840,000, XMR experienced a rebound and gained enough positive momentum to penetrate the EMA/200 and stay above the 2,000,000 – 2,110,000 area. The MACD indicator indicates that if XMR is in a negative direction, with the nearest weakening, it will test the support level at 2,140,000. Prices that continue to weaken to the 2,030,000 area will threaten the bullish trend.
On the 4-hour chart, FTM shows positive price changes, which can break the dominant resistance level in the 2,950 – 3,100 area. A positive signal will try to make FTM penetrate the 4,200 area level. If that level is capable of a new trend, the indication of a bullish trend will get stronger.
The increase in DOGE on the 4-hour chart is inseparable from the trend that is experiencing a rebound. This occurs when the price cannot penetrate the support level area of 1,150 – 1,200, causing the price to strengthen and penetrate the price back to 1,400. Trend indications will continue to strengthen if prices continue to improve following the direction of movement of WMA/75, which will open opportunities to penetrate the 1,725 – 1,800 area.
5 Bearish Crypto Assets
After being able to strengthen and touch the 4,300 level, this was a turning point for CHZ to weaken. The weakening deepened after the available support levels were broken, such as 3,400 and 3,315, so it entered the bearish zone.
The CHZ price in the Bearish Zone will be corrected if the price can break the level of 2,700 – 2,850 in the short term. Assuming this, the chance to stay above WMA/85 will be wide open.
The movement of the trend on the 1-day time frame indicates that if it is in the Downtrend zone, the price briefly touched the 50,000 level but returned to strengthen in a more limited manner. The price will try to stay above 60,000 with the expectation that it will break 86,000.
ALGO has been in the Bearish zone since January 24, 2022, where until now, ALGO has weakened to around 75%. This weakening is inseparable from Algorand’s inability to stay above EMA/200. The Bollinger Bands indicator shows that if the new trend narrows, it will fail to occur if the 4,700 – 5,000 level can be broken.
Even though it had time to penetrate the EMA/200, Nexo weakened again and continued to weaken in the Downtrend zone. This was due to the inability of the price to break from the 16,800 – 17,500 area. The movement from NEXO will be wide open to fluctuate but with more limited moves in the 8,800 – 13,000 range.
The XTZ trend on the 4-hour time frame is indicated in the Sideways Bearish area with a more limited range movement in the range 14,250 – 16,250. This is in line with the MACD indicator, which is showing narrowing. If the trend can move in line with WMA/85, there will be a great chance to end the Bearish trend. However, if it weakens, which results in a break of the support level in the range of 14,200 – 14,310, it will strengthen the Bearish position that occurs.
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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