Hello INDODAX members! Unrealized. We are already in the last week of March 2023! This week, TMG and ONIT appear as crypto assets that are indicated to be bullish.
Take a look at this week’s market signals in full to find out which crypto assets are indicated to be bullish and bearish.
5 Bullish Crypto Assets
1. T-mac DAO (TMG)
T-mac DAO (TMG) moves sideways in the price range of 23,000 – 29,000. Resistance can be passed, ensuring the end of the sideways trend and turning bullish.
The price of the TMG token (TMGIDR) at 4 hours will be assumed to have a more dynamic movement with a weakening when the support level occurs in the range of 57,000 – 66,000.
2. ONBUFF (ONIT)
The bullish zone that occurs in ONBUFF (ONIT to IDR) crypto assets is under pressure if the trend cannot stay above EMA/200.
If ONIT can get above the 640 – 680 level, it will strengthen price movements in the bullish zone.
3. Loom Network (LOOM)
Network (LOOM) price movements on the 1-day time frame are indicated to be in a sideways trend with the LOOM to IDR coin price movements in the range of 1.040 – 1.145 with the assumption that if one of these areas is penetrated, it will affect the direction of the LOOM (Network LOOM) coin price movement for further.
4. XinFin Network (XDC)
The strengthening of the Xinfin Network (XDC) coin in the bullish trend will be even stronger if it can stay above the 530 – 565 area level, but if this area can be passed through, it is expected to weaken the XDC to IDR price by heading to the 470 – 500 support level area.
5. Stellar Lumens (XLM)
The 4-hour chart illustrates that the Stellar Lumens (XLM) coin has been bullish since March 21, 2023. Being able to stay above EMA/200 is an indication of the trend to continue strengthening.
The current trend is indicated by the MACD indicator being in a narrowing trend where Stellar Lumens (XLM) coin (XLM to IDR) is expected to move in the range of 1.330 – 1.430.
5 Bearish Crypto Assets
1. WEMIX (WEMIX)
In the graph shown, it can be seen that the decline that occurred in WEMIX (WEMIX) was quite deep and had time to improve the trend in the Bearish zone but could not be confirmed because the trend was unable to Break Resistance levels at 28,500 – 31,500.
The WEMIX to IDR price will fall further if it cannot stay above the price range of 15,000 – 19,700.
2. Waves (WAVES)
The price movement of WAVES (WAVES) Coin (WAVES to IDR) is currently estimated to be in the Sideways phase with a price range of 28,500 – 38,000, where the two lines on the MACD indicator are narrowing.
The price weakening in Waves will improve if the trend can penetrate WMA/75 and then be followed by a trend above the 43,000 level.
3. Helium (HNT)
The crypto asset Helium (HNT) Coin, which is currently indicated to be in the Bearish phase, experienced a deep weakening. The price had touched around 17,800, Helium’s lowest level since being traded on INDODAX.
Price strengthening on HNT to IDR is quite wide open, but this must be supported by massive enough demand to make HNT hold above the level of 49,000 – 55,3000.
4. Elrond (EGLD)
The strengthening of the EGLD coin price to the range of 780,000 which if it occurs on EGLD will have quite a positive impact on the trend because it will enlarge the Elrond (EGLD to IDR) indication to end the Bearish trend.
Conversely, if the Support area in the range 510,000 – 545,000 passes, the Bearish trend will get stronger.
5. Chiliz (CHZ)
Negative momentum is still suppressing the Chiliz (CHZ) coin price movement. Passing WMA/85 will make the opportunity to break from the 2,300 level even greater.
The bearish trend will be confirmed and will fail to continue if Chiliz (CHZ to IDR) can break the dominant resistance level in the price range of 2,500 – 2,730.
Note: If the EMA 5 crosses the WMA 75, 85, and EMA 200 lines and these lines intersect from the bottom up, the market trend tends to be up (bullish). Each table above it 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 shows the same trend, and the situation is overbought (overbought) or oversold (oversold). It is an indicator that the market is at the point of changing the direction of the trend.
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