Good news for Indodax loyal traders because the crypto asset HedgeTrade (HEDG) coin is at the top of the bullish crypto asset list, which is then followed by Helium (HNT) coin in second place.
Don’t miss the updated INDODAX market signal, which can provide insight into other potentially bullish and bearish crypto assets this week. Come on! See now!
5 Bullish Crypto Assets
1. HedgeTrade (HEDG) Tokens
Had touched the level of 1,170, but the price weakened and failed to pass the EMA/200, which resulted in the trend experiencing a rebound of up to 20%. HedgeTrade (HEDG) token prices will continue to strengthen. Candles in full form can form above the 1,000–1,070 area.
2. Helium (HNT) Tokens
Even though it is in the bullish zone on July 12, 2023, the Helium (HNT) token has strengthened in price by around 50%. Helium price movements are expected to be quite volatile, this will be determined by the support level at the price of 20,000–27,000. If it is passed, then the price pressure towards WMA/85 is quite high.
3. Uniswap (UNI) Coin
On the 4-hour time frame, Uniswap (UNI) coin is on a positive path, as indicated by the MACD indicator, and prices that have moved past WMA/85 with an estimated strengthening will try to break from the 100,000–115,000 area.
4. Dogecoin (DOGE)
Dogecoin succeeded in confirming a bullish trend after the dominant resistance level was in the 1,030–1,050 area, which had an impact on DOGE prices increasing. Prices that move below the WMA/85 make the trend weaken, available support between 1.060 and 1.110 will be quite crucial.
5. Wrapped NXM (WNXM) Tokens
Wrapped NXM (WNXM) token has been on an uptrend since March 2, 2023, having a direct impact on Wrapped NXM, which has strengthened to around 80%. One of the indicators used, namely MACD, indicates if the trend direction is on a positive path, with the resistance area available at 503,000–590,000.
5 Bearish Crypto Assets
1. Alitas (ALT) Coin
The movement of Alitas (ALT) coins using the 1-day chart can be seen if the trend is in the sideways bearish zone with a range of price movements around 2,000–3,350. If one of these levels is broken, followed by a candle that is created, then the momentum of the trend will be dominant enough to determine price movement.
2. Curve DAO Token (CRV) Token
The price decline of up to around 15% of the Curve DAO (CRV) token is inseparable from the bearish trend that has occurred since July 27, 2023. The bearish trend can be corrected if the price increase is supported by a candle that strengthens above the WMA/75, then the resistance level in the 10,000–12,000 area can be penetrated.
3. Belt Finance (BELT) tokens
The trend indicator, namely MACD, shows that if the trend is in a positive zone but the price movement is inversely proportional, the Belt Finance (BELT) token continues to weaken. This is inseparable from the failure of the trend to penetrate WMA/85. If the price is able to move from the 1,500–1,900 level, then the negative momentum will experience pressure.
4. COTI (COTI) tokens
One of the causes of the Coti (COTI) token not succeeding in fixing prices in the downtrend phase is the unsuccessful trend to break the resistance area at the 830–930 level. By passing this area, the price gain will open quite wide.
5. Aave (AAVE) Coin
Not being able to stay above the support zone of 1,040,000–1,100,000 ensures that the Aave (AAVE) coin enters a new trend, which is bearish. Prices will move quite dynamically, but in a more limited area within the range of 950,000–1,020,000.
That was the discussion regarding the latest market signal movements at the beginning of August 2023; hopefully, with this updated information, it can make it easier for you when you want to trade.
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). In each table above, if the EMA 5 value is higher than the WMA 75, 85, and EMA 200, 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. If the condition is overbought (overbought) or oversold (oversold), it is an indicator that the market is at the point of changing the direction of the trend.
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All crypto asset trading decisions are independent decisions by users. Therefore, all risks arising from it, both profit and loss, are not the responsibility of INDODAX.
