Indodax Market Signal February 28th, 2022
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Indodax Market Signal February 28th, 2022

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Indodax Market Signal February 28th, 2022

Indodax Market Signal 28 Februari 2022 | Conflux Indodax

Table of Contents

5 Bullish

  • Conflux (CFX)

Conflux is the first layer consensus blockchain with high throughput to implement a unique Tree-Graph consensus algorithm. Conflux enables parallel processing of blocks and transactions for increased throughput and scalability.

In addition, conflux is also the only regulated, public, and unlicensed blockchain in China. This blockchain also provides a unique advantage for projects built and extended to Asia, connecting decentralized economies to strengthen the global DeFi ecosystem.

Judging from the 4-hour chart, the price has increased, on 25 feb 22, the price broke the EMA/200 (1903), and continued its uptrend to 2792 on 27 feb 22. Now the conflux price is in the range of 2165, the bullrun can continue if the conflux price is able to test resistance back at the 2500s level, price support is at 1900 – 2000.

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  • Loom Network (LOOM)

This side-chain of Ethereum, which is built to support decentralized applications, is a blockchain scaling project focused on education and social applications.

The network has already launched several products that seek to improve the accessibility and development of smart contracts. The network runs on Plasma a scaling solution for Ethereum, which allows for faster transactions across the network.

The LOOM price was able to rise to the 1100 level after being corrected to the support point of 875, now the price is moving sideways at the 1100 – 1150 level. Bulls can still dominate the price if buyers can move the market to the resistance area of ??1300. The closest price support is at the 900 – 1000 level.

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  • NEO Coin (NEO)

NEO Coin is the first open source blockchain in China and is also often referred to as “The Ethereum of China”. NEO’s original code is known to be made freely available and can be distributed and modified.

The NEO blockchain is known to have these 3 factors, namely Digital Assets, Smart Contracts, and Digital Identity. The vision of NEO is to support the idea of ??connecting users’ digital identities to real-world identities—which is also an important part of the NEO ecosystem.

The price of NEO was also observed to rise, from 250,000 on 24 feb 22, and increased to 305,000 on 25 feb 22. Then, the price moved sideways at the level of 286,000 to 312,000. The price is confirmed to rise if it is able to break the EMA/200 at the price of 318,000. Contrary to this assumption, the price may correct again, if the bulls give up on the sellers and the price enters the lower band below 275,000.

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  • Solana (SOL)

Solana is a decentralized blockchain-based computing platform that uses its native token, SOL, to pay for transactions. The concept is pretty much the same as Ethereum, in that Solana uses a different technical basic programming language called Rust. The programming language can be used by developers to build applications.

SOL as Solana’s native token is used to pay transaction fees and stakes to support the network. It is also used to make micro payments known as lamports. SOL has a total supply of 506 million with about 60 percent already circulating. Now, SOL is among the top 10 cryptocurrencies.

Solana briefly corrected to 1.1 million, but finally experienced a slight increase to the level of 1.3 million. The price is confirmed higher if the candle is able to break 1.5 million. The next target resistance is at the level of 1.8 million – 2 million. Immediate support is in the range of 1.150k – 1.170k.

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  • Decentraland (MANA)

Decentraland (MANA) is a virtual reality platform powered by the Ethereum blockchain. In this virtual world, users are given the opportunity to buy plots of land that they can pass through, build on, and also cash in for the long term. In Decentraland, where users interact is called LAND—a non-fungible token (NFT) that can be purchased in-game.

The MANA/IDR pair also briefly slipped to support at 32000, but the price was able to climb up to 39811 on 25 feb 22. The next resistance is at 40684, support is at 34473 – 36629.

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5 Bearish

  • botXcoin (BOTX)

BotXcoin is a crypto product from BotX Technology. This crypto digital asset in the form of a token is currently running on the Ethereum blockchain. However, BotXcoin itself will soon launch its blockchain which will be launched in 2023. For information, BotXcoin was officially launched on June 4, 2021.

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  • Orbit Chain (ORC)

Orbit Chain is a multi-asset blockchain that stores, transfers, and verifies information and assets on a number of public blockchains via decentralized Inter-Blockchain Communication (IBC). ORC has a total supply of 988,024,190 ORC.

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  • High Performance Blockchain (HPB)

High Performance Blockchain is a revolutionary Blockchain series without many conditions. In it, HPB’s proprietary hardware, the Blockchain Offload Engine (BOE) is combined with high-performance Blockchain software. It also enables scalability, security, and a suite of tools for developers to create solutions.

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  • AIOZ Network (AIOZ)

AIOZ Network is a distributed CDN built on its own blockchain. In Through AIOZ Network, users can share a lot of memory, storage, and bandwidth resources. That was to create a massive CDN capable of powering streaming platforms anywhere in the world, with the goal of changing the way the world streamed video.

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  • Kusama Coin (KSM)

Having a unique name, this crypto asset at first glance reminds many people of the artist Yayoi Kusama. However, Kusama Coin is actually an experimental form of crypto asset from Polkadot. This asset was created in order to test and improve aspects of functionality, scalability and interoperability, prior to deployment on the Polkadot network. Kusama himself serves early-stage projects with a variety of innovative and experimental ideas.

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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 bullish (bullish), in each table above it shows that the EMA 5 value is higher than WMA 75, 85 and 200 EMA then 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 (overbought) or oversold (oversold) conditions are an indicator that the market is already at the point of changing the direction of the trend. 

 

ATTENTION: All content 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 an action in transacting either buying or selling. certain crypto assets. All crypto asset trading decisions are independent decisions by the user. Therefore, all risks arising from it, both profit and loss, are not the responsibility of Indodax .

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