This week, the bullish crypto lineup is led by Tron (TRX) in first place, and followed by VELO (VELO) and SafePal (SFP).

 

Want to know how your favorite crypto asset is performing? Check INDODAX Market Signal below!

 

5 Bullish Crypto Assets

 

1. Tron (TRX)

 

The weakening of Tron (TRX) did not have a significant impact on trend changes, the absence of candles formed below the EMA/200 indicates that positive momentum still dominates the price changes of Tron (TRX). Support level 2,100 – 2,300 will be the level for Tron (TRX) if price weakness occurs, will be decisive for the MACD indicator.

 

2. VELO (VELO)  

The Bullish Trend has been confirmed since August 19, 2024, the price has strengthened by more than 50%. The trend indicated by the MACD indicator is in a positive direction, if the trend can break the 300 – 375 area, it will make Bullish even stronger in VELO (VELO) price changes.

 

3. SafePal (SFP)   

SafePal (SFP) is able to move higher, this is in line with the movement of the WMA / 85, where there has not been a negative intersection with the Bullish trend. If strengthening occurs, it will likely try to test the price level of 17,000 – 18,500.

 

4. Monero (XMR)  

Indicated Support in the area of 2,000,000 – 2,500,000 currently there is no trend that penetrates the area, allowing the trend to move stronger again in line with the current trend.

 

5. Aave (AAVE)

Aave (AAVE) indicated that it is still able to stay above the WMA/75 which allows the opportunity for the trend to move positively quite large. Support at the level of 1,600,000 – 1,850,000 will be decisive, with the passage of this level the WMA/85 will move negatively.

 

5 Bearish Crypto Assets

 

1. Avalanche (AVAX)

Experienced strengthening until it passed the WMA/75 but the trend did not succeed in passing the 525,000 – 600,000 area then this was followed by the EMA/200 which was still very dominant and became a barrier for the Avalanche trend (AVAX) to create a new trend.

The nearest resistance is available in the range of 400,000 – 500,000 if it manages to pass this area a price improvement will be created.

 

2. Bluzelle (BLZ)

Bluzelle (BLZ) price changes are expected by the Bollinger Bands indicator, to move more in line with the trend, but if the price can suddenly cross the 3,000 – 4,000 range, it is possible that the price will experience dynamic movements and the Bollinger Bands line will be broken.

 

3. OMG Network (OMG) 

Negative pressure is still weighing on the trend change of OMG Network (OMG), the price did not manage to break the Resistance 8,000 – 10,000 so the opportunity to cross the EMA / 200 could not be realized.

 

4. Blur (BLUR)

Blur lows will be created if the 1,000 – 2,500 area cannot withstand the weakness. The line on the MACD indicator is narrowing so it is illustrated that if the current trend is sideways, the 5,500 – 8,000 area is quite important if it can be broken, the chances of the EMA/200 being passed are quite large.

 

5. dYdX (DYDX)

Bearish trend makes dYdX (DYDX) experience a fairly deep correction, the current trend is still unable to pass the WMA / 75 so that negative pressure is still pressing on the price of dYdX (DYDX). The dominating Resistance area is indicated to be in the range of 23,000 – 32,0000.

 

NOTES:

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

 

Each table above shows that if, the value of EMA 5 is higher than WMA 75, 85 and EMA 200, then the market is trending up (bullish).

 

If the RSI and MACD values show the same condition, it means that the market is showing the same trend, overbought (overbought), or oversold (oversold) conditions are one indicator that the market is at the point of changing the direction of the trend.

 

ATTENTION: All content including text, analysis, predictions, images/charts, and news contained on this website, is only used as trading information only, and not a suggestion/suggestion to trade (buy/sell) 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.[/alert