Hello loyal members and traders at INDODAX! In the second week of September 2023, the prices of the crypto assets Suzuverse (SGT) coin and Perpetual Protocol (PERP) experienced a very significant increase!
So, if you want more detailed information about crypto assets that show up (bullish) and down (bearish) trends. Let’s look at the latest INDODAX market signals in full below!
5 Bullish Crypto Assets
1. Suzuverse (SGT) Token
The 4 Hour time frame indicates that the Suzuverse (SGT) token is in the Uptrend zone with the assumption that the price (SGT to IDR) is increasing, the trend will continue to strengthen if the Candle succeeds in forming above the 30,000 – 32,000 level with the next target at 33,000 – 35,000.
2. Perpetual Protocol (PERP) Token
The PERP token experienced weakening but this was limited by the trend so it was still in a sideways phase with a range of 5,800 – 8,200, price movements were able to be confirmed positively after resistance was passed so that the token was able to move stronger on the bullish path. If the trend is unable to sustain above the 9,900 – 11,200 level then unfavorable momentum will develop in the price of Perpetual Protocol.
3. IGNIS (IGNIS) Coin
IGNIS coin has just been in a bullish trend, namely since 06 September 2023, touching the price level of 65. Indications for strengthening will be wide open, if the trend is still moving above WMA/75 but if this level is passed then the trend will be indicated to weaken testing the Suppot area at range 53 – 57.
4. Lyfe Silver (LSILVER) Coin
The price movement shown by LSILVER coin shows that the price is experiencing positive changes, but the MACD indicator indicates that the price is moving sideways in the Bullish zone. If a candle is able to form above the price of 15,000 – 15,500 then the indication of a bullish trend will be stronger.
5. Wrapped NXM (WNXM) Coin
Since being in a bullish trend on March 3 2023, WNXM coin has strengthened by around 50%. If the trend continues to strengthen then the indication for WNXM coin to pass the resistance level of 490,000 – 550,000 will open quite wide, passing this level will cause Wrapped NXM to move towards the next resistance in a fairly high area in the range of 660,000 – 730,000.
5 Bearish Crypto Assets
1. District0x (DNT) Coin
The inability of the price to stay above the EMA/200 makes the DNT coin crypto asset fail to stay in the bullish trend and continue price movements in the bearish phase. The price is stuck at the Support level 360 – 330. A break of this level will cause the DNT coin trend to fall deeper and potentially touch its lowest price.
2. TitanSwap (TITAN) Coin
Using a 4 hour trend can be identified if TITAN swap coin is in a downtrend, where the price continues to weaken following the direction of price movements. The downward trend will deepen if it fails to penetrate the 280 – 320 level, the opportunity to penetrate the EMA/200 will be greater.
3. MovieBloc (MBL) Coin
The resistance level in the 55 – 56 area which cannot be penetrated causes MovieBlock (MBL) coin to weaken significantly, making MovieBlock (MBL) coin leave the bullish trend. The possibility of the trend moving away from EMA/200 will be realized if the price manages to stay above level 44.
4. Uniswap (UNI) Coin
A trend that is unable to make a candlestick above the 100,000 level ensures that resistance cannot be overcome, UNI experiences weakness and confirms that a bullish trend cannot occur. The price weakening that occurs will test the support level of 58,600 – 60,000. If it is passed, the potential for weakening will be even stronger.
5. ONBUFF (ONIT) Coin
If you look further, the ONIT coin candle that was formed several times has a fairly long tail. This can be of further concern because it has penetrated the EMA/200 several times. The Bearish Trend will experience pressure if the Candle succeeds in forming above the price of 520.
So, the information this time is very interesting, isn’t it? about the latest market signals in the 2nd week of September.
Come on, join now and be part of the successful crypto trader community and gain maximum profits by investing in crypto on Indodax right now!
NOTE: 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),
in each table above shows that if the EMA 5 value is higher than the WMA 75.85 and EMA 200 then the market tends to rise (bullish).
If the RSI and MACD values show the same condition, it means that the market is showing the same trend, an overbought (overbought) or oversold (oversold) condition is an indicator that the market is at the point of changing trend direction.
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All crypto asset trading decisions are independent decisions by the user. Therefore, all risks arising from this, whether profit or loss, are not the responsibility of INDODAX.
