Greetings, INDODAX members! Welcome the last weekend of June 2023 with a bullish trend on the crypto asset market. The BCH coin crypto asset soared high as the winner, followed by the compelling ELF coin in second place.
Interested in making a profit? Let’s look at the golden opportunity below!
5 Bullish Crypto Assets
1. Bitcoin Cash (BCH) Coin
The increase that occurred in Bitcoin Cash (BCH) Coin can be described as quite significant in the 4-hour time frame; the increase that occurred from June 21, 2023 – June 24, 2023, touched the 100% range at the level of 3,560,000 which is the highest price of Bitcoin Cash since May 11, 2022.
The strengthening of the Bitcoin Cash (BCH) price must be considered further; the RSI indicator indicates that the current trend is in the Overbought area.
2. aelf (ELF) Coin
Stuck at EMA/200, but Candle was able to make price improvements to cover the price weakness that had occurred.
Prices that have strengthened make the Candle move above WMA/85, but this has not yet happened to close the Candle; if it stays above the nearest level of 3,980, ELF will indicate to continue strengthening.
3. Wrapped NXM (WNXM) Coin
The support level of 330,000 – 368,000 is the nearest support and is quite strong; several times, the price bounce has created quite a positive momentum for Wrapped NXM.
Strengthening is expected to be confirmed; the MACD indicator has crossed the upward line, with the trend moving to 480,000 – 550,000.
4. Everscale (EVER) Coin
If you look at the Everscale (EVER) chart, the coin is experiencing sideways with limited prices, but the Bollinger Bands indicator indicates that prices will fluctuate for longer.
There is a Support area in the range 895 – 900; a pass of this level will end the Sideways phase.
5. Ripple (XRP) Coin
Staying above WMA/75 so that the possibility to strengthen again in line with the bullish trend will be quite wide, requiring further momentum because there is resistance in a fairly wide and strong area around 7,400 – 8,200. If this level is not passed, then the pressure will weaken past WMA/ 85 could have been realized.
5 Bearish Crypto Assets
1. Tezos (XTZ) Coin
On the 1-Day chart, XTZ has been in the Bearish zone since January 2, 2022; the weakening of XTZ has touched up to 80%.
To be able to rise and Pullback away from the Oversold zone on the RSI indicator, the trend must be able to pass through the 12,700 – 14,200 levels so that the possibility for a move higher than WMA/85 is greater to occur.
2. Alpaca Finance (ALPACA) Coin
Even though the MACD indicator shows that the trend is in a positive direction, the ALPACA price in the 1-day time frame does not show a positive change; this is inseparable from the Candle, which will test the strength of the Support level area 1,995 – 2,050.
3. ApeCoin (APE) Coin
The strong resistance level is in the range of 41,900 – 50,500 area, which is quite wide, but if the resistance area is passed, it is estimated that APE will try to fight the ongoing bearish trend.
4. DAD (DAD) Coin
The Bearish trend will make DAD experience negative momentum, which will have a downward impact on prices if DAD fails to stay above the Support levels 190 – 205 and will indicate DAD has touched its lowest price level since being traded on INDODAX.
5. Avalanche (AVAX) Coin
AVAX has a resistance level of 205,000 – 250,000; the next resistance is at 282,000 – 330,000. If this resistance can be realized, it is estimated that Avalanche will pass EMA/200.
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 up (bullish); each table above shows if the EMA 5 value is higher than WMA 75, 85 and EMA 200, the market tends to rise (bullish).
Suppose the RSI and MACD values show the same condition. In that case, the market is showing the same trend. The condition is overbought (overbought) or oversold (oversold), which indicates that the market is at the point of changing the trend direction.
How? Enough information already! Come on. Be the first to catch interesting opportunities in the crypto asset market and make INDODAX Market Signal a loyal friend on your investment journey.
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