Warm greetings to INDODAX crypto members. In the fourth week of September, the crypto asset Wemix coin dominates the top ranking and is followed by Loom Network coin, which is no less tempting in second place.
So that it doesn’t take too long, let’s look at the updated INDODAX market signal below.
5 Bullish Crypto Assets
1. WEMIX (WEMIX) Coin
The trend in the 4-hour movement indicates that WEMIX coin has strengthened by around 50% since being in the uptrend zone on September 20 2023. WEMIX price strengthening is still wide open, the MACD indicator indicates the same thing, but the strengthening is already high enough to allow the price to experience correction. Support available in the price area of 14,600–12,000 with WMA/85 will be tested to see if this area can be passed.
2. Loom Network (LOOM) Coin
The price of Loom coin was dominated by a sideways trend, with candles only moving around the 580–720 area, but a new trend direction could be created after resistance was broken, which resulted in the Loom network experiencing strengthening. Weakness is indicated to be occurring; MACD shows a negative zone, with prices trying to go to the 1,000–1,210 area.
3. Venus Coins
On the 4-hour time frame, the price of Venus coin or XVS coin moves in accordance with the movement of WMA / 75 with Candle has the potential to strengthen towards the range of 78,500 – 90,000. if it is able to be passed, the Bullish trend will be even stronger.
4. Aelf (ELF) Coin
A confirmed bullish phase occurred in Elf coin (ELF to IDR) after the trend managed to penetrate and stay above the 4,300–4,700 area. The trend is trying to pass the 6,400–6,600 level. If this level has not been passed, the opportunity to weaken is wide open.
5. Maker (MKR) Coin
Since July 21, 2023 Maker coin has been in the Uptrend phase, the Maker price has strengthened following the direction of the overall trend movement. Prices are expected to move quite dynamically where the two Bollinger Band lines are far from each other with estimated price changes in the range of 16,000,000–21,000,000.
The formation of a Candle above the price of 21,200,000–24,000,000 is expected to have a quite positive impact on the long-term trend and the MACD indicator.
5 Bearish Crypto Assets
1. district0x (DNT) Coin
The decline in dnt coin prices that occurred was inseparable from the ongoing bearish trend and the failure of the candle to form above the EMA/200. The weakening that occurs will test the available support area in the range of 315–340. if it is exceeded, the next level is 250–270.
2. Enjin Coin (ENJ)
The trend is stuck because it cannot stay above WMA/85 so that negative momentum weakens Enjin prices. If the price is unable to stay above the 3,235–3,380 level, then Enjin Coin will touch the lowest level since its listing on Indodax.
3 THETA (THETA)
The decline in THETA prices cannot be separated from the ongoing downtrend, since December 14 2021 THETA has weakened by more than 75%. An opportunity to improve will open if the Candle is able to pass the EMA/200 and this must be followed by the price being able to penetrate several resistance levels such as 11,200–12,550 and 13,500–16,000.
4. saffron.finance (SFI) Coin
The weakening of the SFI price is stuck at the support level of 310,000–360,000 and cannot survive above this level, which will make the bearish trend increasingly dominant in the next SFI price movement. The resistance level is in the 450,000–550,000 area. Passing this area will make the candle pass WMA/85.
5. Conflux (CFX) Coin
On the 1-day chart, the Conflux crypto asset is moving in a sideways bearish trend, with prices moving in the range 1,720 – 2,100. One of the levels that is broken will determine the next CFX price movement and confirm the Bollinger Bands price fluctuation range.
How? enough of this interesting information! What are you waiting for? Be the first to get interesting opportunities in the crypto asset market and make INDODAX Market Signal your loyal friend on your investment journey.
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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