From Solana (SOL) to Bitcoin (BTC), the trend of crypto assets in the fourth week of October 2023 is getting stronger.

Are you curious which crypto assets are experiencing bullish or bearish trends this week? Let’s check out the complete INDODAX Market Signal update below!

5 Bullish Crypto Assets

1. Bitcoin (BTC)

Bitcoin (BTC) weakened to 419,000,000, but the price failed to continue cutting and pass the EMA/200, which resulted in the trend rebounding and strengthening by more than 10%. The price will continue to strengthen the candle with a complete shape that can form above the 480,000,000 area.

2. Chainlink (LINK) 

Chainlink (LINK) corrected to touch the 88,000-100,000 support zone. However, the price could not break through the support area, confirming that the bullish trend did not fail to continue, and Chainlink (LINK) strengthened to around 50%. If the price weakens, it will test the support available in the 130,000-140,000 area.

3. Solana (SOL)

The strengthening that occurred in Solana (SOL) was relatively high. Since being in the bullish zone, Solana (SOL) has strengthened by 40%. This strengthening cannot be separated from the positive momentum that dominates, such as making the dominant resistance area at 360,000-385,000 successfully passed. If Solana (SOL) can penetrate the price range of 460,000-510,000, it has a solid potential to enter an uptrend phase.

4. IoTeX (IOTX)

On the 4-hour timeframe, IoTeX (IOTX) is on a positive path. This is indicated by the price and trend, which has moved to follow the movement of WMA/75 with estimates that strengthening will try to break from the 350-385 area.

5. MovieBloc (MBL)

MovieBloc (MBL) confirmed a bullish trend after the dominant resistance level in the 42-44 area increased the MBL price. The bullish trend will become more dominant if the trend can strengthen to the 58-65 area.

5 Bearish Crypto Assets

1. Flux (FLUX)

Flux (FLUX) movements, when using a 1 Day chart, can be seen if the trend is in the downtrend zone, where Flux (FLUX) movements align with the decline in WMA/85. So, to correct the bearish trend, the market must move past WMA/85 and then successfully reach the 5,600-7,000 area.

2. Everscale (EVER)

The decline in the price of Everscale (EVER) on the 4 Hour timeframe occurred quite deeply after the trend could not survive the sideways bearish phase at prices 790-825, which had an impact on the weakening of Everscale (EVER) until it touched 46% and became the lowest price of Everscale (EVER) while trading on INDODAX. Dominant negative momentum will make Everscale (EVER) test the support level at 300-360.

3. Ravencoin (RVN)

The price decline of around 75% for Ravencoin (RVN) cannot be separated from the bearish trend since January 19, 2022. The bearish trend will be corrected if the price increase is supported by a candle that strengthens above WMA/85; then, the 265-280 resistance level can be penetrated.

4. Tezos (XTZ)

Despite a deep 1-year decline, Tezos (XTZ) has a strong potential for improvement. If Tezos (XTZ) can move above the price of 14,900-16,000, it is possible that the EMA/200 will be passed, and the bearish trend will be suppressed.

5. Filecoin (FIL)

MACD indicates that Filecoin (FIL) is in a bearish sideways phase with a price movement range of 49,000-54,500. If one of the levels can be passed, it will confirm the candle’s movement toward WMA/75.

NOTES:

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

Each table above shows that when the value of EMA 5 is higher than WMA 75,85 and EMA 200, the market tends to rise (bullish). 

If the RSI and MACD values show the same condition, the market is showing the same trend; an overbought (overbought) or oversold (oversold) condition indicates that the market is at the point of changing trend direction.