Welcoming the end of the year, this week PANDO is in the TOP bullish crypto!
5 Bullish Crypto Assets
Pando has been in the Bearish zone since May 12, 2022, where the decline occurred quite deep. The price moved Sideways Bearish for quite a long time then a Positive Candle was created, which was strong enough to break level 40 and end the Bearish zone.
In the Candle movement from the beginning of the Bullish until now, PANDO has strengthened quite a lot. The price increase is also indicated by the MACD indicator, which shows if the candle movement is in a positive zone.
The movement will strengthen momentum if it breaks through the resistance level at 1.155.
Euro Stasis (EURS)
The strengthening in Euro Stasis was initiated by a trend that was able to move from the level of 14,400, then above WMA/75, which followed the positive momentum for a change in trend direction to an Uptrend. The MACD indicator indicates if EURS is in a negative zone.
If the price can break the Resistance level at 16,000, it will further strengthen the trend to keep moving positively.
Not passing the Support level at 1,600, the price then moved relatively static and gave the 1,900 level so. That it positively impacted the direction of price movement and ended the Bearish trend that had occurred. If the weakening occurs, it will try to stay above 1,755 – 2,000.
If the trend can stay above the price, it will increase the chances for aelf to continue strengthening. Still, conversely, if it passes that level, it will increase the indication that there is a negative momentum for ELF.
NXT has been in the bullish area since December 17, 2022. The price broke through the 47 level, followed by a trend movement above the EMA/200, which had touched the price at 77.
Movement in the bullish zone will be threatened with switching to a bearish trend if the price weakens and breaks Support levels in the 42 – 48 area.
Suppose you look at the direction of the trend in the 4-hour time frame. In that case, it can be indicated from the Bollinger Bands indicator that NRG is in the Sideways Bullish phase with a range of movements in the 3,400 – 4,000 zone with the assumption that one of the broken levels will determine the direction of NRG’s next move.
5 Bearish Crypto Assets
After being able to strengthen and touch the 4,250 level, this was a turning point for Fantom to weaken. The weakening got deeper after FTM could not hold above the support level of 3,400 – 3,700, so it entered the Bearish zone.
The FTM price in the Bearish Zone will be corrected if the price can break the level of 3,300 – 3,500. With this assumption, there will be a big chance to stay above WMA/75.
The 4-hour time frame illustrates that DYDX has been in the bearish zone since November 30, 2022. This could happen because there was a massive enough selling action that made the candle break below 27,500.
The MACD indicator illustrates that the current trend’s direction is in the positive zone. However, the candle movement is still halted by the resistance level of 19,500 – 20,400, so the price will improve to strengthen if it can penetrate that level.
Look at the direction of the overall trend movement within a 1-day timeframe. If the two lines are narrowing, you can identify if Venus is in the Downtrend phase, assuming the use of the Bollinger Bands indicator.
Currently, the price is moving Sideways Bearish. The range of price movements is limited to the range of 50,200 – 76,300. If the candle with the complete form can penetrate one of these levels, it will confirm the next XVS movement.
It will be indicated that the Bearish trend will fail to continue if the CVC can break one of the resistance, which is quite strong at the level of 1,600 – 2,200. If the resistance can be penetrated, it will increase the chance of getting past the EMA/200 line.
Vice versa, if you cannot break from that level, the negative pressure will still be on the Civic.
The MACD indicator illustrates that both lines are narrowing in the negative zone, which indicates that the trend is in the Sideways Downtrend zone, with price change levels expected to be available in the range of 3,900 – 6,415.
The Bearish phase will fail to continue if the trend can strengthen and penetrate the 10,000 – 12,000 area. A break of this level will result in an improvement in the Bearish trend.
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.