Hello Indodax members! Are you curious about crypto assets’ bullish and bearish indications this week? Therefore, see more here!

5 Bullish Crypto Assets

1. Aelf (ELF)

The price increase on the EFL aligns with the ongoing bullish trend. The MACD indicator indicates that Aelf in the 1-day time frame is in a positive phase, and the histogram is positive.

It had touched the 5,500 level, but the price could not continue strengthening higher. A pass of this level will open opportunities for forming a new bullish trend.

2. Klaytn (KLAY)

The KLAY price trend on the 4-hour chart is fluctuating. The Bollinger Bands indicator, as one of the indicators, used estimates if the Klaytn price movement has a chance to break the Resistance or Support levels.

An estimated Support level is available in the area of 3,400 – 3,600 stuck in this area will test the next trend movement.

3. ONBUFF (ONIT)

Holding on and not breaking the Support level 440 – 485 ensures the continuation of the Bullish phase, but if this area is passed and a Candle can form below this level, then it is likely that the Bearish phase will be confirmed to occur.

4. HIVE (HIVE)

Passing the Resistance level in the range of 5,000 – 5,750 indicates HIVE strengthening increasing, which is the trend turning point when HIVE can break the EMA/200.

This indicates that the positive momentum is in HIVE so that it can be in the bullish zone.

The bullish trend will be confirmed to fail to continue the movement if the Candle weakens and breaks the support level in the range of 5,500 – 6,250.

5. Conflux (CFX)

The fairly positive movement from CFX is inseparable from the Candle being able to penetrate and move above WMA/85.

So that CFX could touch the 5,500 level range, which is the highest Conflux price while being traded on Indodax.

5 Bearish Crypto Assets

1. Kok (KOK)

The price decline at KOK was inversely proportional to the indicators used, such as MACD.

The support level, which was quite dominant in the 1,200 – 1,330 area, was broken so that the decline in the KOK deepened and touched 1,030, the lowest price since being traded on Indodax.

2. Division Network (DVI)

A bearish trend has been taking place on DVI and has been going on for a long time, and this phase started on March 2, 2022.

The price movement moves above WMA/75, with Resistance levels available in the 850 – 1,340.

3. Kava (KAVA)

More limited ones dominate KAVA price movements. The two available lines on the Bollinger Bands indicator are narrowing, with the KAVA price movement range in the range of 12,650 – 16,550.

KAVA has the closest Support level at 11,000. A break of this level will further strengthen the Bearish trend.

4. STEPN (GMT)

Failing to stay above the Support zone in the 7,200 – 7,700 range ensures GMT enters the Bearish zone.

The Bearish trend will be stronger to continue if STEPN if the Support level at 5,200 – 5,600 is broken.

5. Efinity Tokens (EFI)

If you look at the movement of the EFI trend on the 1-day chart, after breaking from the 1.110 – 1.270 level, EFI moved higher past WMA/85.

The Bearish trend will be broken if the Candle can stay above the Resistance zone around 2,370 – 2,850.

 

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.