Hello everyone! Anyone has taken a profit in the bullish market? If yes, it must be because you are familiar with SHORT Token. Let’s find out in the full review below as a reference in determining which crypto assets you can buy or sell!
5 Bullish Crypto Assets
1X Short BNB Token (BNBHEDGE)
The increase in 1X Short BNB Token (BNBHEDGE) is closely related to the decrease of BNB. Starting from the breakout of trend in EMA/75 and EMA/85 at 103,340 price level followed by upward breakout in EMA/200 and able to stay at 113,450 price level.
The uptrend will still occur and be maintained if the trend does not pass the support level of 108,565 – 110,990 price range, but before touching that level, it must break the support at the price of 118,000.
The MACD indicator shows that it is in a positive area which is in line with the trend showed by the 1-day time frame.
1X Short XRP Token (XRPHEDGE)
The increase started on April 26, 2022, where the trend was able to break out and stay above the EMA/200 line which was then confirmed in the Bullish zone when the EMA/75 was able to break above the EMA/200 and was followed by the EMA/85, indicated when the chart movement was able to stay at the price level of 697,500.
Meanwhile, the weakening trend will test the nearest price at 971,580 which if penetrated will test the next level at 906,950.
After previously moving sideways in a fairly narrow price range at 900 – 1,000, on June 10, 2022 there was a massive buying or high demand that make Btrips (BTR) penetrate the upper sideways level thus ensuring the beginning of the Bullish trend.
The direction of the trend will be positively confirmed if no candle is formed below the 1.010 price level. The Bollinger Band indicator shows both sides that are wide open so that the trend is expected to move quite flexibly when compared to the movement of the previous trend.
The increasing trend that has occurred is quite high, causing WEMIX (WEMIX) to decline after touching the highest level on April 04, 2022. The MACD indicator shows a positive zone and histogram after the trend was able to rebound from the 41,140 level.
The rising trend will test the resistance level at the price of 54,810, if this level can be broken and maintained it will open the opportunity for strengthening further and test the next level, which is indicated to be quite strong, at 61,690.
USD Coin (USDC)
USDC is one of the stable coins available on Indodax. The increase in USDC is inseparable from the decline in coins that have high market valuations such as BTC and ETH. By using the 1-Day time frame, it can be seen that USD Coin (USDC) was experiencing a correction touching the support level at the price of 14,395, but after the correction, USDC immediately strengthened. A new trend would be formed on the condition that USDC must be able to break through and form a complete candle at the price of 14,885.
5 Bearish Crypto Assets
Digix Gold Token (DGX)
The Bearish trend has occurred since June 03, 2022, when the Bullish Sideways trend was stopped after a fairly strong support line at 705,600 was broken followed by a break of the next support level at 648,585 which also cut below the EMA/200 line.
An increase in the current level will test the nearest resistance at 565,000, where a break of this level must not only in the form of a wick but also accompanied by a form of a candle, the RSI indicator is showing uncertain direction so it takes time for further confirmation.
Nervos Network (CKB)
It started with a trend movement that was unable to stay above the EMA/200, then a Bearish would likely occur after the trend moved downward and broke a fairly strong support line at 760.
The current trend is Sideways Bearish moving in a limited price range of 75 – 50, which if one of these prices is broken, it will open an opportunity for the formation of a new trend direction, the RSI indicator is currently in the Oversold zone which indicates a decline in the Nervos Network (CKB) has occurred quite a while.
Wrapped Bitcoin (WBTC)
The MACD indicator in the 1-Day time frame shows that the current trend is in a negative area and histogram which is also followed by the declining RSI indicator. This occurrence is inseparable from the break of support at the price level of 414,100,000, it is currently experiencing a correction.
There is a fairly strong support if Wrapped Bitcoin (WBTC) weakens, which is around the price of 301,100,000, on the other hand, if it strengthens, it will test the nearest resistance level at 495,500,000.
The beginning of the weakening trend in Holo (HOT) has started since December 04, 2021, it was confirmed to enter the Bearish phase on January 5, 2022. To be able to break from the Bearish trend, HOT must first break out from the EMA/200 line and stays at that level at a price of 75.
To be able to change the direction of the trend, it must first be able to break out from the 40 price level, if this price level is broken it will then move towards a fairly strong resistance at 55. The MACD and RSI indicators show that the trend is currently experiencing a weakening, this is in line with the price of HOT which is currently at the lowest price level since it was first traded.
Basic Attention Token (BAT)
The use of a 1-day chart shows that the RSI indicator is in the Oversold zone as well as the MACD indicator which is in a negative area, because the Basic Attention Token (BAT) price trend continues to weaken after breaking the support level of 5,215.
To be able to break from the negative trend, BAT must be able to break through the price range of 6.175 – 6,300 if this price is broken it will go and test the next level which is at 8,150.
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.