Indodax market signal March 1st, 2021 will discuss 5 bullish and bearish crypto assets on the Indodax market.

This week the Matic Network crypto asset experienced an increase after hitting resistance. Followed by Cardano, which also experienced price strengthening. On the other hand, Bitcoin and Ethereum were experiencing a decline in price compared to last week.

Several crypto assets strengthened further this week. However, some crypto assets that experienced an increase last week, would reverse their trend this week.

5 Bullish Crypto Assets This Week

• Matic Network (MATIC)

Matic is one of the crypto assets that will experience a price increase or in a bullish trend this week. This morning, the price of the MATIC crypto asset had increased 18.5 percent within 24 hours.

This increase will continue even though the previous 2 weeks MATIC experienced a decline in prices. This crypto asset has shown a good performance. Investors or traders seemed to be taking interest in this crypto asset.

During today’s trading, the highest price of MATIC reached Rp. 3,219 and the lowest was at Rp. 2,602.

• Cardano (ADA)

Just like last week, Cardano (ADA) is still in a bullish trend. The increase experienced by ADA has occurred since 2020 and reached 700 percent in one year.

At the beginning of this year, ADA is still predicted to increase further. Although a decline is also possible due to a saturated market.

In today’s trade, ADA experienced its lowest level of Rp17,291 and its highest level of Rp21,600.

• USD Tether (USDT)

Tether (USDT) has finally been included in the list of bullish crypto assets after 3 weeks of decline. This week, USDT has reversed the trend.

This crypto asset is widely used by platform exchanges and offline merchants.

In today’s trading, USDT moved at its lowest level at Rp. 14,756 and its highest level at Rp. 14,954.

• Theta Fuel (TFUEL)

In addition to the crypto assets mentioned above, TFUEL is included in the bullish list. Although it was in a bearish trend some time ago, this week TFUEL seemed to reverse direction.

In today’s trade, TFUEL was at its lowest at Rp 1,281 and its highest at Rp 1,648.

• Hive (HIVE)

The last crypto asset predicted to be bullish this week is HIVE. Two days ago HIVE increased by 48.7 percent over 24 hours, indicating that HIVE was at its highest.

However, today HIVE was at its highest at Rp. 6798 and its lowest at Rp. 3,957.

5 Bearish Crypto Assets This Week

• Maker (MKR)

The crypto asset on the bullish phase was MKR. The Kirito’s assets supported and stabilized the value of DAI. Just like other tokens, MKR was also presented with smart contracts via a network on the Ethereum blockchain.

In this trade, MKR was at its lowest at IDR 27 million and the highest at IDR 30 million.

• OCTO

This DeFi crypto asset has also experienced a decline in price. Even though at the beginning, OCTO had gone up, it looked like this week it would experience a price decline or bearish.

OCTO moved at the lowest of Rp. 750 thousand and the highest of Rp. 900 thousand during this week’s trading.

• Ethereum (ETH)

This week Ethereum experienced a bearish. Although last week ETH reached its peak at IDR 29 million, this week is another story. 

The decline that occurred in Ethereum was in line with the decline of Bitcoin. 

In today’s trading, ETH moved at its lowest level of Rp. 19 million and its highest level of Rp. 22 million.

• EOS

The next bearish crypto asset was EOS. This crypto asset has the largest community among other digital money. Even so, this week EOS was declining in price.

EOS reached its lowest point of Rp. 49,800 and its highest of Rp. 56,623

• Zcash (ZEC)

Last but not least, we have ZCash (ZEC). Like last week, investors gave up their ZCash. This crypto asset failed to attract investors.

In today’s trading, ZCash moved at its lowest level of Rp. 1.6 million and its highest level of Rp. 1.8 million.

Those are crypto assets that have experienced bearish and bullish trend this week. So, which one do you want to buy? Don’t forget to continue studying other articles at Indodax Academy, OK!

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.

ATTENTION: All contents which includes text, analysis, predictions, images in the form of graphics and charts, as well as news published on this website, is only used as trading information, and is not a recommendation or suggestion to take action in transacting either buying or selling. certain crypto assets. All crypto asset trading decisions are independent decisions by the users. Therefore, all risks arising from it, both profit and loss, are not the responsibility of Indodax.