Market Signal October 24th, 2022! This is the list!
5 Bullish Crypto Assets
Binance USD (BUSD)
The 1-day chart shows that BUSD has experienced a reasonably high strengthening. When viewed in the Bullish zone on April 26, 2022, BUSD has strengthened to 9% and penetrated several such as 15,000 and 15,135. The RSI Indicator illustrates the current trend. If it is in the Overbought area, it will test the 15,500 level if it weakens.
Indications of the strengthening are still wide open. The MACD indicator illustrates that if the trend is in a good area, the strengthening will try to penetrate the level of 15.710. If it is broken, it will further strengthen the position of Binance USD in the Bullish zone.
The strengthening that occurred in DFI.Money began with a trend that was able to move from the 13,300,000 level and then above WMA/85, following the momentum of the change in trend direction to an Uptrend. The MACD indicator indicates that YFII is in a positive zone with a positive histogram. If the price can break the resistance level at 22,700,000, it will strengthen the trend to move positively.
It rose high enough to break the EMA/200 after holding above the Support area of ??2,900 – 3,000, creating positive momentum to change the trend from Bearish to Bullish. It had touched the 5,320 level, but the price was unable to strengthen because it indicated that the RSI was in the Overbought area. Holding above WMA/75 would suggest POLY test 4.790 – 4,850 levels.
After being in the Bearish zone since August 24, 2022, AAVE changed the trend’s direction to Bullish. This was inseparable when on October 13, 2022, the price touched the range of 1,000,800. The RSI indicator was in the Oversold trend zone and then experienced a solid rebound to penetrate the level of 1,180,000 and the EMA /200. The direction of the Bullish trend will be more vital if the candle can break the story of 1.320,000 – 1.337,000. On the other hand, if there is a weakening, the Support level is around 1.230,000.
Matic Network (MATIC)
Even though it is in a positive or bullish trend on the 4-hour time frame, the candle has weakened several times until it breaks through the EMA/200, touching the 11,100 level. Still, the candle immediately experiences a pullback and moves above the EMA/200 line. The bullish phase will fail to continue the trend if the Support level in the range of 10,400 – 11,000 is broken.
When viewed by MACD, the current price direction shows that a Bullish Sideways is going on, with the price moving more limitedly with a range of 12,570 -13,130. A break of one of these levels will confirm the direction of the MACD.
The support level at the nearest MATIC is 12,500. If this level is broken, it will try to break through the EMA/200 area.
5 Bearish Crypto Assets
IOTA has been in the Bearish zone since October 08, 2022, marked by the EMA/5 and WMA/85 crossing below the EMA/200. The weakening of the trend made the price touch the level of 4,060 and then continue to levels of 3,900 and 3,700. The direction of the weakening trend will be corrected if it can break through the 4,000 prices and stay above the WMA/85 level.
The Bearish phase will be more vital to continue if the Candle can break through the Support level, which is quite strong in the price range of 3,690 – 3,755. If the whole Candle can form below this level, it will indicate Downtrend Channel momentum.
Able to stay above the Support level of 76,600 – 77,800, but the selling pressure is quite massive, causing the price to weaken significantly enough to penetrate the Support level, touching the price of 71,000 events on October 21, 2022. It felt the range of 62,400. The price will try to break the resistance level at 70,600 – 71,350.
If you look at the trend with a time frame of 4 hours, there is a gap formed in the Bearish phase with the assumption that if the price closes the hole, it will test the 68,000 Support level.
On the 1-Day trend chart, it can be indicated that HIVE has been in the Bearish zone since March 17, 2022, confirmed with the price correcting below 14,500 and then followed by the Support level at 10,300 – 12,000, which was broken so that a high enough weakness could not be avoided.
The weakness in HIVE will deepen if the price is not able to hold above the 4,600 level. Meanwhile, the strengthening will try to keep above the WMA/75 level and break the 8,700 costs.
Holds above WMA/75 and WMA/85, which indicates a trend reversal on the 4-hour chart, but the Bearish trend will be broken if the candle can break through the 18,600 – 19,200 level, which must also be followed by strengthening EMA/5 and WMA/ 85.
The correction will try to test the Support level of 16,150. If the price is broken, the following support levels will be 15,630 and 15,000.
The direction of the price trend, if you look at the MACD indicator, is in the positive zone but with more limited movement. If the price can break the pressure of the resistance level of 16,700 – 17,000, it will open an opportunity to increase the price level changes.
Stellar Lumens (XLM)
The price touched 1.970, but then the MACD indicator showed a line crossing and changed the direction of the trend to be in the negative zone, briefly touching the 1.650 level, which weakened up to 16%. The trend had several opportunities to break through the EMA/200, but it didn’t work. It is indicated that there is a resistance level in the range of 1.780 – 1.750. The weakening of the trend will test the price level of 1.600 – 1.670.
NOTE: If the EMA 5 crosses the WMA 75, 85, and 200 EMA lines and the lines intersect from the bottom up, then the market trend tends to be bullish (bullish),
each table above shows that if the value of EMA 5 is higher than WMA 75.85 and EMA 200, the market tends to go up (bullish).
If the RSI and MACD values ??show the same condition, the market is showing the same trend. Overbought (overbought) or oversold (oversold) conditions indicate that the market is already at the point of changing the trend direction.
Attention: All content which includes text, analysis, predictions, images in the form of graphics and charts, as well as news published on this website, is only used as trading information and is not a recommendation or suggestion to take action in a transaction, either buying or selling. Certain crypto assets. All crypto asset trading decisions are independent decisions by the user. Therefore, all risks arising from it, both profit and loss, are not the responsibility of Indodax.