Warm greetings to INDODAX crypto members. This week, the crypto asset Solve Coin dominates the top ranking, followed by Stroj Coin in second place.
Don’t miss the latest INDODAX market signals, which can provide insight into other crypto assets that have the potential to be bullish and bearish this week. Come on, check it out now!
5 Bullish Crypto Assets
1. Solve (SOLVE) Coin
In the 4-hour time frame, it can be seen that the MACD indicator shows that the trend is in a positive direction, the line is able to cross upwards because the weakening of the SOLVE coin price is able to be stopped at WMA/85. The resistance area is available in the price range of 520–600, if a candle is able to form above this area, then the potential for SOLVE to pass 680 is quite wide open.
2. Storj (STORJ) Token
There was a bullish trend on Storj tokens, which was confirmed on September 13, 2023. A positive trend was able to push STORJ tokens to pass several resistance levels, such as 4,300, 4,900, and 5,200. The potential for significant changes in the price of STORJ is still wide open to occur, so it must be paid further attention, with the target for further strengthening at the price of 6,400–7,200.
3. Binance USD (BUSD)
It experienced a decline even though it had penetrated the EMA/200 but was stuck at dominant support in the 14,800–14,900 area, then the price of Binance USD (BUSD) strengthened until it was able to continue movement in the positive zone. The trend that continues to strengthen will try to penetrate the 15,600–15,800 level. If unsuccessful, WMA/85 will test the resistance of the Binance USD price.
4. IGNIS (IGNIS) Coin
The IGNIS coin crypto asset is in a bullish trend starting September 5, 2023, resulting in a price increase that has strengthened by more than 20%. The bullish trend will be stronger to continue and move away from the downtrend if the trend is able to pass the price of 68, which will then encourage the trend to move to levels 75–78.
5. USDT (USDT) Coin
In the 1-day time frame, the USDT crypto asset (USDT) coin is in a narrowing phase. The MACD indicator indicates something similar, with the USDT price moving limited to the range of 15,200–15,430 with the assumption that if the price breaks one of the levels, then USDT will form a new trend direction in the uptrend phase.
5 Bearish Crypto Assets
1. Helium (HNT) Coin
HNT coin failed to pass EMA/200, making Helium weaken again and move according to the current trend. The trend described by MACD is in a positive phase, it will have a positive impact on price changes if the trend is able to move above WMA/75 with prices testing the 27,800–30,000 area.
2. Orbit Chain (ORC) Coin
The price of Orbit chain (ORC) coin continues to show quite deep weakness in accordance with the current trend, both Bollinger Bands lines show the same thing, with prices decreasing but not fluctuating. The bearish trend will be able to improve the price if ORC coin can stay above the 1,150–1,300 level.
3. Shill Token (SHILL)
Crossed EMA/200 and a candle was successfully formed, but the price was unable to continue strengthening because the RSI indicated that the price was in the overbought area, then the SHILL token weakened and failed to continue the bullish trend. The price weakening that occurs will make the trend test the support area 120–126.
4. Elrond (EGLD) Coin
The bearish trend that has occurred in EGLD has been going on since February 10, 2022, which has had an impact on the price of Elrond coin, which has weakened by around 80%. Elrond will be able to strengthen again and improve the trend if it is able to penetrate the 520,000 and 590,000–660,0000 levels.
5. Kava (KAVA) Coin
The bearish trend of KAVA coin will experience pressure if the price is able to pass the resistance level of 11,450–14,100, which must be followed by a candle that is able to stay above the EMA/200, where the MACD will be able to confirm the intersection of the two lines and head to a positive area.
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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).
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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