Greetings from INDODAX members; this week, the AAVE coin dominates the top ranking, followed by the FIRO coin in second place.
Take advantage of the INDODAX market signal, which can provide insight into other potentially bullish and bearish crypto assets this week. Come on, listen now!
5 Bullish Crypto Assets
1. Aave (AAVE) Coin
It touched the support level of 725,000 – 755,000, but this became a very positive momentum for AAVE (AAVE) coin because the price immediately experienced a pullback to strengthen and succeeded in confirming the failure of the Bearish trend to continue.
The current trend is indicated by the MACD indicator being positive. Even though the two lines are narrowing, price movements of 1,080,000 – 1,200,000 will determine the bullish trend momentum.
2. Firo (FIRO) Coin
Strengthening high enough to form a positive candle that was strong enough on July 3, 2023, was the turning point for FIRO (FIRO) Coin to move in a bullish trend. FIRO support level on the 4-hourly chart is available in the range of 23,000 – 25,000.
3. Tron (TRX) Coin
The MACD indicator illustrates that if the trend is on a positive path, the two lines have shown an upward crossover resulting in the price of TRON (TRX to IDR) experiencing a rebound.
The price gain is quite wide open, but the RSI indicator shows that the trend is not yet in the Overbought area with resistance levels in the 1,210 – 1,300 area.
4. Uniswap (UNI) Coin
Uniswap has been in the Uptrend phase since June 27, 2023, which was confirmed after the Resistance at the 70,000 – 75,000 level was able to be overcome.
Even though the trend is still in the bullish zone, the MACD indicator indicates that the Uniswap price is weakening with Support around the 72,500 – 76,700 area.
5. Wrapped Bitcoin (WBTC) Coin
It is estimated that price movements in Wrapped Bitcoin (WBTC) coins will fluctuate, with candles moving in the range of 370,000,000 – 430,000,000. If a price moves beyond one of these levels, it will determine the strength of the momentum to break Resistance or Support.
5 Bearish Crypto Assets
1. Belt Finance (BELT) Coin
If you look at the trend in 1 day, Belt Finance (BELT) Coin continues to experience a significant weakening compared to the price when Belt Finance was first listed on INDODAX.
The BELT trend described by the MACD indicator is in a positive phase but is not aligned with the BELT price, which is not showing strength.
Candles that can break Resistance 2,400 – 2,450 will improve the price in the Bearish trend, but negative pressure requires even stronger momentum.
2. Dao Maker (DAO) Coin
Holding on to the Support area of 9,700 – 11,800 will be the dominant level; if this level cannot withstand the weakening, the Support trend will get stronger and negative momentum will dominate price movements.
3. BinaryX (BNX) Coin
On the 4-hour time frame, it can be identified if BinaryX (BNX) coin has been in the Bearish phase since March 6, 2023, with prices that have weakened to around 60%.
A successful candle to move above EMA/200 will make the Bearish trend depressed, so price improvement will occur.
4. Bitcoin Diamond (BCD) Coin
Support at the 1,360 – 1,800 level, which was confirmed to have been broken after a negative candle was formed, made the weakening of BCD deeper.
The trend is currently in a Sideways Bearish phase with prices moving in the range of 810 – 1,300, where if Support is passed, then the Bitcoin Diamond (BCD) coin will touch its lowest level since being traded on INDODAX.
5. Carry (CRE) Coins
The Bearish phase will be confirmed to fail to continue if the trend succeeds in passing the EMA/200, where this must also be followed by passing the Resistance at 65 – 75 so that the opportunity to strengthen will be even higher.
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 condition is overbought (overbought) or oversold (oversold), which indicates that the market is at the point of changing the trend direction.
This week’s bullish crypto asset opportunity is interesting. Remember to take advantage of additional interesting features at INDODAX. Besides providing the latest INDODAX market signals, IDODAX also has the Indodax Earn/staking crypto feature, which can provide more profit.
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