This week, the bullish crypto asset lineup is led by Ethereum (ETH) in the first position, and followed by H2O DAO (H2O) and Digix Gold Token (DGX).

Want to know the performance of your favorite crypto assets? Check INDODAX Market Signal below!

5 Bullish Crypto Assets

1. Ethereum (ETH)  

The Bullish Trend will gain positive momentum if the Candle can stay above the WMA / 85 line, with in the long term Ethereum (ETH) must be able to break the Resistance area of 60,000,000 – 64,000,000 so that the strengthening of Ethereum (ETH) will be wide open.

2. H2O DAO (H2O)  

The 1-Day Chart can be described, H2O DAO (H2O) there is a slow weakening but still held by the EMA / 200 with the price had several times experienced significant strengthening temporarily.

The MACD indicator shows a weakening trend, but this will be confirmed by candles moving below the 1,700 – 1,820 area, allowing the Bullish trend to be threatened to be unable to continue.

3. Digix Gold Token (DGX)

The 760,000 – 800,000 area could not withstand the price weakness making Digix Gold Token (DGX) switch the trend from Bullish to Bearish, but the correction that occurred in Digix Gold Token (DGX) was held at 680,000 – 715,000.

The 1-Day Chart shows that the intensity is quite frequent Candle forms a wick indicating that the price fluctuations of Digix Gold Token (DGX) are quite high.

4. Unus Sed Leo (LEO) 

In the current price movement, Unus Sed Leo (LEO) is expected to be in the Bullish Sideways phase in the range of 85,000 – 110,000 if there is a high enough price movement, it will increase the possibility of the next direction being formed.

5. Clash of Lilliput (COL) 

Clash of Lilliput (COL) is still indicated Bullish, although there was some weakening but the candle has not managed to break the EMA/200. Strengthening Clash of Lilliput (COL) will try to form a candle above the 13,500 – 16,000 area if it can be realized, it is estimated that the Bullish will be even stronger.

5 Bearish Crypto Assets

1. Kava (KAVA)

Unsuccessful to break and stay above the level of 18,000 – 19,500 made Kava (KAVA) experience a correction, which occurred quite deeply and made Kava (KAVA) end the Bullish trend. If the 8,200 – 9,200 area cannot withstand the weakening that occurs, Kava (KAVA) will touch its lowest price.

2. Dao Maker (DAO)

Indicated in the Bearish zone, after the candle experienced a deep weakening and formed below the price level of 16,000 – 20,000 is one of the causes for Dao Maker (DAO). When looking at the RSI indicator, it is assumed that Dao Maker (DAO) currently needs more time to confirm the direction of the next price movement.

3. Worldcoin (WLD) 

The Bearish Trend of Worldcoin (WLD) continues and makes the price corrected, the Candle was unable to break the EMA/200 so the Support level such as 70,000 – 72,500 was broken. The correction will be corrected with the Resistance area of 50,900 – 55,000 should the Candle form.

4. Ergo (ERG)

Being in a Bearish phase since May 29, 2024 has made Ergo (ERG) experience a correction of more than 20%. The opportunity for price weakness is quite wide, the candle is still moving below the WMA / 85 with the closest support for Ergo (ERG) available at 12,900 – 14,250.

5. Conflux (CFX) 

The failure of the Candle to get above the 3,700 – 4,500 area has an impact on the Conflux (CFX) trend which ensures that it turns into a Downtrend. The price weakness of Conflux (CFX) is in line with the trend that is gaining negative momentum, the candle cannot move away from the Support 1,500 -1,650 where the MACD indicator shows the same thing.

NOTES:

If the EMA 5, crosses the WMA 75, 85 and EMA 200 lines, and the lines intersect from bottom to top, then the market trend is upward (bullish).

Each table above shows that if, the value of EMA 5 is higher than WMA 75, 85 and EMA 200, then the market is trending 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 one indicator that the market is at the point of changing the direction of the trend.