Starting from Solana (SOL), Tron (TRX), and Dogecoin (DOGE), which occupy the bullish, to USDT (USDT), which appears in the bearish, providing new colors to open the crypto asset trend in early December 2023.
Are you curious which crypto assets are experiencing bullish or bearish trends this week? Check out the complete INDODAX Market Signal update below!
5 Bullish Crypto Assets
1. Solana (SOL)
Being in the uptrend zone on October 26, 2023, resulted in the price of Solana (SOL) changing quite positively and in line with the direction of the trend change that occurred, where the price of Solana (SOL) has strengthened by more than 100%. Solana (SOL) bullish trend will continue to strengthen if the resistance level of 1,100,00-1,200,000 can form a candle above the level area.
2. AIOZ Network (AIOZ)
AIOZ Network (AIOZ) indicates that the trend is moving in the uptrend zone, starting on November 25, 2023, with the price of AIOZ Network (AIOZ) experiencing a more than 150% strengthening. If a candle can form above the price of 3,200-4,200, it will indicate that the bullish trend is getting stronger and continues.
3. Tron (TRX)
Tron (TRX) bullish trend is getting considerable positive pressure to rally back and continue its ongoing trend movement. In case of weakness, it will test the strength of support levelTron (TRX) in the 1,530-1,460 area.
4. Dogecoin (DOGE)
Being in the bullish zone positively impacts Dogecoin (DOGE), staying above the 1,100-1,130 support area, followed by the 1,200-1,250 resistance area, and cannot be separated from the current uptrend zone. The price of Dogecoin (DOGE), which can pass through the 1,350-1,600 price area, will indicate that the potential for Dogecoin (DOGE) to continue strengthening is quite large.
5. IOTA (IOTA)
The price of IOTA (IOTA) has strengthened in line with the MACD indicator, which has shown a positive crossover and has impacted the trend, which has managed to stay above WMA/75. Weakening of IOTA (IOTA) will test the strength of the support level 4,800-5,800, and breaking through this area will increase the indication that IOTA (IOTA) is experiencing a correction.
5 Bearish Crypto Assets
1. USDT (USDT)
USDT (USDT) did not cross the 15,800-15,830 area, indicating high selling pressure and impacting USDT (USDT), which experienced price weakness and formed a downtrend. Bearish trend will not be able to improve USDT (USDT) price weakness if the 15,630-15,660 area cannot be crossed.
2. ABBC Coin (ABBC)
Viewed from the 1 Day chart, it can be indicated that ABBC Coin (ABBC) has decreased to a range of 45% since July 19, 2023. ABBC Coin (ABBC) can correct the price weakness if it can break the price of 730-960.
3. BitShares (BTS)
The MACD indicator estimates that BitShares (BTS) is on a positive path, but the price does not show the same thing. This is because Bollinger Bands show a range of price changes that lead sideways. BitShares (BTS) experienced limited movement in the 85-125 range.
4. Binance USD (BUSD)
Binance USD (BUSD) is still in the sideways zone with a movement range of 15,440-16,000. If one of the levels can be broken and a candle is formed, a new Binance USD (BUSD) trend movement will be created to confirm the next price direction.
5. OctoFi (OCTO)
In the 1 Day chart movement, OctoFi (OCTO) has not been able to correct the deep weakness, where the RSI indicator has moved from the oversold area. If the 8,900 level can be passed, then OctoFi (OCTO) may test 12,000.
NOTES:
If EMA 5 crosses the WMA 75, 85, and EMA 200 lines, and these lines intersect from bottom to top, then the market trend tends to be upward (bullish).
Each table above shows that when the value of EMA 5 is higher than WMA 75,85 and EMA 200, the market tends to rise (bullish).
If the RSI and MACD values show the same condition, the market is showing the same trend; an overbought (overbought) or oversold (oversold) condition indicates that the market is at the point of changing trend direction.
