Hello loyal INDODAX traders! Welcome to September 2023! This week, the crypto assets OKB (OKB) coin and Shill Token (SHILL) are soaring in price with incredible performance!
So, if you want to be clearer about which crypto assets have bullish and bearish indications, don’t worry! Let’s see the updated INDODAX Market Signal in full below!
5 Bullish Crypto Assets
1. OKB (OKB) Coin
On the 1-day trend, the coin price (OKB) is still indicated to be in the bullish zone, with prices having experienced positive changes since November 9, 2022, impacting OKB which strengthened by more than 100%. The current trend will fail to continue if a complete candle forms below the 500,000–560,000 support area.
2. Shill Token (SHILL) Coin
Shill token failed to form a candle above the dominant resistance area in the range of 220–225, so the SHILL price experienced a correction. Passing the EMA/200 will have a negative impact on the momentum of the Shill Token price movement, with the price moving to levels 110–140.
3. Lyfe Silver (LSILVER) coin
LSILVER coin has been in the uptrend phase since May 6, 2023, and was able to break from the sideways bearish zone of 8,020–8,900. Prices that continue to move above WMA/75 will increase LSILVER’s chances of forming a new trend above the price of 13,000.
4. Maker (MKR) coins
The potential for the Maker (MKR) coin to penetrate the resistance of 2,000,000–2,100,000 is quite wide open, the trend is indicated by the MACD indicator being in a positive zone because it managed to get back past WMA/85.
5. T-Mac DAO (TMG) coin
The inability of the candle to penetrate the price level of 415,000–425,000 has corrected the T-MAC DAO (TMG) coin price so that the price will retest the EMA/200 to determine the direction of the next price movement. If the price is unable to stay above the 270,000–300,000 area, then the bullish trend will experience pressure, so the possibility of returning to the 230,000 price will be quite high.
5 Bearish Crypto Assets
1. Bitcoin (BTC) coins
Being in the Downtrend zone, even though the price was able to strengthen again, the trend did not succeed in passing the EMA/200, so the price experienced another correction.
Bitcoin price changes in the 4-hour time frame are very likely to occur, but this can be realized if resistance or support is passed. Resistance is at the level of 406,000,000–412,000,000, while support is available in the area of 389,000,000–395,000,000.
2. OMG Network (OMG)
The decline in the OMG network has been quite significant; since it was in the bearish zone on January 6, 2022, the OMG network has weakened to around 80%. A bearish zone improvement will be implemented if OMG is able to break from 11,000 to 16,000.
3. Glicht (GLCH) coin
The bearish trend was able to be confirmed after the price of 1,200 was exceeded, which became a momentum point for WMA/85 and WMA/75 to experience a change in the direction of the trend movement. Bearish trends also provide negative momentum for prices. GLCH touched its lowest level during trading on Indodax. If it has not succeeded in passing the 450–510 area, the GLCH coin is estimated to still not be able to correct the weakening trend.
4. Orbit Chain (ORC) coin
The MACD indicator shows if the trend has successfully broken through resistance so that the line is able to cross upwards, impacting the RSI indicator, which is positive but not yet in the overbought area. The resistance area in the fairly wide area of 1,400–1,900 will ensure that if ORC coin passes this area, then the opportunity to enter the uptrend area will be quite large.
5. My Neighbor Alice (ALICE) coin
In the time frame used, namely 1 day, the ALICE coin crypto asset has touched its lowest price. The trend is currently in the bearish sideways zone with a price movement range of around 11,000–14,000. Passing one of the levels will make Alice coin in the direction of the new trend movement, so it will confirm the strength of My Neighbor Alice’s momentum.
So, how about the information this time is very interesting, isn’t it about the latest market signal at the beginning of September? interesting right?
Come on, join now and be part of a successful crypto trader community and get maximum profits by investing in crypto at Indodax right now!
NOTE: If the EMA 5 crosses the WMA 75, 85 and EMA 200 lines and the lines intersect from the bottom up, then the market trend tends to be up (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, the condition is overbought (overbought), or oversold (oversold), 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 the user. Therefore, all risks arising from this, whether profit or loss, are not the responsibility of INDODAX.
