Hello INDODAX Members! This week EOS is one of the crypto assets that is indicated to be bullish, you know. Want to know more? Let’s see the full article!
5 Bullish Crypto Assets
1. EOS (EOS)
The 4-hour time frame illustrates that EOS has positive price movements after prices stay above the support level of around 15,300 – 17,000.
The signal to strengthen will continue if EOS can stay above the WMA/85 line.
MACD is showing a negative signal because the two lines are crossing downwards, but it takes more time to confirm the direction of MACD’s movement.
2. Dao Maker (DAO)
The increase in DAO is inseparable from the trend’s ability to break out from the resistance level, which is quite strong at 13,100 – 14,500.
The direction of the Bullish trend will be stronger if a complete candle can form above the level of 31,000 – 34,200.
3. V Systems (VSYS)
Experiencing movement and strengthening above EMA/200 allows VSYS to confirm the Bullish phase.
The MACD indicator indicates if the current trend is in a positive zone with a positive histogram, strengthening which, if it occurs, will try to break from the 60 – 70 area. The indication to go to the 90 levels will be stronger if successful.
4. DASH (DASH)
Touching the 1,185,000 range, but the price is weakening, the RSI indicator shows that the price is already in the Overbought area, so DASH cannot continue strengthening.
If the weakening occurs, it will try to test the support level around the price of 896,500 – 990,000. If this level is exceeded, the negative pressure will become even greater.
5. XinFin Network (XDC)
When using the 4-hour time frame, XDC has been in the Uptrend zone since March 02, 2023.
The bullish trend on XDC will form a new direction if it can pass and stay above the resistance level, which dominates around the 460 – 500 area.
While contrary to these estimates, the weakening of the price in the bullish trend will have a negative impact if the support at 400 – 430 can be broken.
5 Bearish Crypto Assets
1. NanoBytes (NBT)
It was at 95, the highest NBT price since December 22, 2022, but the price could not continue strengthening and experienced a significant weakening.
This weakening made the price break through the EMA/200, and the bullish trend was broken.
The Bearish Zone will be under pressure if NBT can break from the Sideways Bearish area in the price range of 60-70.
2. Origin Protocol (OGN)
The MACD indicator illustrates that, currently, the trend is in a negative zone. The trend cannot stay above WMA/75 and continues to weaken.
The weakening will test the support level in the 1,300 – 1,700. If this area passes, the pressure in the Bearish phase will be very high.
3. Pando (PANDO)
It is indicated that PANDO has been in the bearish Zone since January 13, 2023, with prices weakening, which have touched around 50%.
The strengthening of the trend will likely occur, considering that the weakening is deep enough. The closest resistance level is around the 195 – 225 area. A break of this level will make Pando succeed in passing WMA/85.
4. Ergo (ERG)
If you look at the direction of the price trend, the MACD indicator is in a negative zone with a negative histogram.
The negative pressure on ERG will be even greater if the weakening that occurs makes ERG unable to stay above the support level of 15,800 – 20,000.
If the price can break the resistance level pressure in the 24,000 – 28,000 area, it will open opportunities to increase price level changes.
A correction, if it occurs, will try to test the 18,000 support level. If this price is broken, the indications are to touch MBX lows big open.
5. Coti (COTI)
Coti strengthened and touched the price range of 1.945, but this was a turning point for Coti to weaken. The weakening deepened after the trend could not stay above the EMA/200, so it entered the Bearish Zone.
The price of BAKE in the Bearish Zone will be corrected if the price can break the levels 1.340 – 1.460. Assuming this, there will be a big chance to stay above WMA/85.
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.
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