Hello, great Indodax traders! We want to share some good news for the fourth week of May 2023. The crypto market is currently encouraging bullish, especially for the crypto asset Tron (TRX) Coin.

This trend offers a golden opportunity for traders looking to make significant profits.

To optimize your profit potential, we provide detailed information below so that you can make informed trading decisions and maximize your effectiveness in gaining profits.

5 Bullish Crypto Assets

1. Tron (TRX) Coin

1,090 – 1,105 is a level that if the TRON (TRX) coin can pass, the possibility for the price to strengthen to the range of 1,390 – 1,500 will be even greater.

The MACD indicator indicates the trend in 1 day if the TRON (TRX) coin is in a positive area.

2. Wrapped NXM (WNXM) Coin

Wrapped NXM (WNXM) coin can stay above the Support level of 332,000 – 357,000 so that the potential for strength is wide open, but if this level is broken, the potential to test the Support level area in the range of 275,000 – 300,000 will occur.

3. Lyfe Gold (LGOLD)

Lyfe Gold (LGOLD) token on the 1-day time frame is assumed to be quite volatile. This is according to the Bollinger Bands indicator.

The trend movement in the bullish zone will be stronger if the Candle can form above 880,000 – 900,000.

4. Conflux (CFX) Coin

Failed to stay above the 5,000 – 5,500 area, weakness occurred in Conflux (CFX) Coin. This was followed by a candle that moved below WMA/85.

The Uptrend phase on Conflux (CFX) Coin will be in danger of failing to continue if the Candle moves below the Support line 1,995 – 2,400.

5. Lyfe Silver (LSILVER) Coin

Lyfe Silver (LSILVER) coin gains stopped in the range of 12,800 – 13,000, but if this level is passed, then the potential to test the resistance area, which is quite dominant at 13,100 – 13,750, will be significant.

The potential to weaken Lyfe Silver (LSILVER) coin is quite large after experiencing quite a high strengthening, if the price of 10,900 – 11,000 is passed then the negative momentum will dominate the LSILVER trend movement.

5 Bearish Crypto Assets

1. Ergo (ERG) Coin

Even though there was a strengthening high enough to surpass the EMA/200, the trend reversed until it weakened again and continued the Downtrend phase.

Ergo (ERG) Coin has a fairly strong support level of around 16,000 – 19,000. If this level is passed, the weakening of the Ergo (ERG) Coin will deepen.

2. Marblex (MBX) Token

The Marblex (MBX) Token Downtrend phase has been confirmed since April 20, 2023, and the decline has occurred quite deep. Bearish is getting stronger because the Candle cannot stay above the 20,000 – 22,500 zone.

The RSI indicator has yet to confirm movement for the MARBLEX (MBX) token, so it takes longer.

3. Firo (FIRO) Coin

It moved higher and passed EMA/200, followed by an unsuccessful trend to break 42,400 – 47,500, so Firo (FIRO) Coin could not confirm the bullish trend.

If Firo (FIRO) Coin can Break Resistance for 30,000 – 33,000, then the indication to strengthen will be even higher.

4. Avalanche (AVAX) Coin

Available support levels at 194,000 – 205,000 will be quite strong support. If this level is passed, then the next level is available in the 160,000 – 176,000 area range. Still, if unable to stay above that area, the Downtrend phase will increasingly dominate Avalanche (AVAX) coins.

5. Crypto.com Chain (CRO) Coin

The potential for Crypto.com Chain (CRO) Coin to improve prices in the Bearish trend will be significant enough to occur if the Resistance line in the range of 1,290 – 1,530 can be broken and it is possible to move above WMA/75. This must also be followed by sufficient price strengthening to create a positive momentum on the CRO trend.

So what are you waiting for? Take advantage of this golden opportunity! Get ready to face a clear bullish trend and earn spectacular profits.

Join Indodax right now and be part of the traders who get the maximum profit.

 

Note: If the EMA 5 crosses the WMA 75, 85, and EMA 200 lines and these 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 situation is overbought (overbought) or oversold (oversold), which indicates that the market is at the point of changing the trend direction.

 

ATTENTION: All content which includes text, analysis, predictions, images in the form of graphics or charts, as well as news published on this website, is only used as trading information and is not a suggestion or suggestion to take action in a transaction, either buying or selling certain crypto assets.

All crypto asset trading decisions are independent decisions by users. Therefore, all risks arising from it, both profit and loss, are not the responsibility of INDODAX.