Energy (NRG) is one of the crypto assets in a bullish position this week! Furthermore, what crypto assets are indicated to be bullish? Check it out below!

5 Bullish Crypto Assets

• Energy (NRG)

The 4-hour time frame illustrates that Energy has a positive trend after prices can stay above the Resistance zone around 2,400. The signal to strengthen or be positive will continue if Energi can stay above the EMA/200 line.

MACD is showing a negative signal because the two lines are crossing downwards, but it takes more time to confirm the direction of MACD’s movement.

• OKB (OKB)

The strengthening that occurred in OKB in the 1-day time frame, when the trend could penetrate the price of 237,500 – 270,000, caused the movement to strengthen. This also had an impact on the trend transition from Bearish to Bullish. The strengthening of OKB will continue if the Candle in complete form can break the level in the range of 385,000 – 400,000.

• ApeCoin (APE)

After the resistance level in the range of 53,600 – 55,000 is broken, indications of APE strengthening are increasing. The trend turning point is when ApeCoin can break EMA/200, indicating positive momentum in APE. The trend will remain in the bullish zone if APE can pass the dominant resistance level at 64,500 – 70,000.

• Uniswap (UNI)

Uniswap on the 4-hour chart shows a reasonably good improvement in the trend direction after experiencing a significant weakening then on November 22, 2022. The Candle experienced a rebound after touching the price of 80,000 to breaking through a Resistance level of 85,000 – 87,000. This also indicates that the Gap that has occurred has been closed. Strengthening the trend in the long term will happen if Uniswap can break the price level at 103,000 – 109,000.

• EOS (EOS)

It had weakened quite profoundly because it could not penetrate the 19,000 level, but on the 4-hour chart, EOS was able to correct the Bearish trend so that it became a Bullish trend which was confirmed by WMA/75 and WMA/85, cutting above EMA/200. The Bollinger Bands indicator is wide open. It is assumed that price changes will be volatile.

The bullish trend will be broken if EOS cannot stay above the EMA/200, so the negative momentum will be high. The support level is at 14,200 – 14,700.

5 Bearish Crypto Assets

• STORJ (STORJ)

If you look at the direction of the overall trendline within a 1-day timeframe, you can identify if the Storj is in the Downtrend phase. Assuming the use of the Bollinger Bands indicator, the price is currently moving Sideways Bearish with a limited range of price movements in the field of 4,000 – 6,150. If the entire Candle can penetrate one of these levels, it will confirm the direction of the next candle movement.

• Ren (REN)

Being in the Bullish phase, staying above WMA/85 and touching the 2,480 level was a turning point for Ren to change direction to Bearish. The RSI indicator has shown that it is already in the Overbought area, so REN cannot strengthen again.

The bullish phase is still wide open for re-occurrence. Several resistance levels must be able to be passed, such as 1,500, then 1,655, and 1,700 – 1,850, to further confirm the trend.

• Chainbing (CBG)

Based on the 4-hour chart time, the MACD indicator indicates that if CBG is trending in a negative zone but with non-fluctuating movements, it is estimated that prices will move in the range of 22,000 – 24,300. Costs will create a new movement direction for Chainbing if it can penetrate one of the levels.

• Algorand (ALGO)

The 4-hour time frame illustrates that ALGO has been in the bearish zone since November 14, 2022. This could happen because a massive enough selling action made the Candle weaken in a reasonably strong position. The MACD indicator illustrates that the trend is currently in the positive zone. However, the movement of the Candlestick is still halted by the WMA/85 line, so prices will improve to strengthen if they can penetrate that line.

• Neo (NEO)

The decline in NEO since being in the Bearish zone has weakened to around 70%. This significant weakening has made NEO almost touch the lowest price level while trading on Indodax several times. Strengthening the trend will likely occur, considering the decline. The nearest resistance level is 142,300. A break of this level will make NEO pass WMA/85, increasing the opportunity to get to EMA/200.

 

NOTE: If the 5 EMA crosses the WMA 75, 85 and 200 EMA lines and the lines intersect from the bottom up, then the market trend tends to go up (bullish), each table above shows that if the 5 EMA value is higher than the 75.85 WMA and 200 EMA, the market tends to go up (bullish).

If the RSI and MACD values ??show the same condition, it means that the market is showing the same trend. Overbought or oversold conditions are an indicator that the market is already at the point of changing direction of a trend.

 

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