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Indodax Market Signal 26 July 2021: 5 Bullish and Bearish Crypto Assets This Week

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Indodax Market Signal 26 July 2021: 5 Bullish and Bearish Crypto Assets This Week

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Indodax market signal this time is quite interesting. Because Bitcoin and Ethereum have been rallying for 3 days in a row. But unfortunately, these two most popular crypto assets still haven’t shown a bullish signal for the next week.

Bitcoin has shown a rally for 3 days in a row. This comes after The B Word Conference, which featured speaker Elon Musk and Twitter CEO Jack Dorsey.

The sentiment was also added to the news about JP Morgan accepting the management of crypto-asset investment funds.

However, the Indodax.academy team analyzed this Indodax Market Signal that this increase was too volatile. So that signals Bitcoin will go down for a while. Although, in the longer term, there will still be a higher upside.

Meanwhile, Ethereum and several other crypto assets with similar graphics will also experience the same thing. So, despite rallying for 3 days in a row, Bitcoin still hasn’t shown a bullish signal for the next week.

So, what crypto assets are bullish this week? Let’s discuss it in Indodax Market Signal edition 26 July 2021.

5 Crypto Assets will be Bullish on This Week

  • Theta (THETA)

First there is Theta, after last week she entered a bear market, it seems that this week it actually experienced support and went up.

Theta is a crypto asset based on the Theta platform. Platform One of the flagship products of this product is Theta TV. Over the next week, the price will increase.

Theta is a decentralized open source video delivery network with its own blockchain. Theta aims to solve the problems of the existing video streaming market in the industry by using its blockchain technology.

So, it is designed to incentivize bandwidth sharing, attracting users to actively attend and work for the Theta video streaming ecosystem.

The lowest price for THETA today is IDR 86,001 and the highest price is IDR 95,964.

.

Chart THETA/IDR

  • SushiSwap (SUSHI)

Second, there is SushiSwap (SUSHI)-based DeFi crypto asset. This crypto asset seems to be flooded with demand thus signaling an increase in the next week.

SushiSwap is an evolution of #Uniswap with $SUSHI tokenomics. The protocol better aligns incentives for network participants by introducing revenue sharing & network securities to the popular AMM model.

The lowest price for SUSHI today is IDR 112,809 and the highest price is IDR 131,998.

Chart SUSHI/IDR

  • ThetaFuel (TFUEL)

Third, there is the TFUEL crypto asset, this is in line with the rise of THETA crypto asset. TFUEL is a fuel token on the Theta blockchain network.

TFUEL is used to support on-chain operations such as payments to relays to share video streams, or to deploy or interact with smart contracts. Relayers get TFUEL for every video stream they relay to other users on the network. We can think of Theta Fuel as the “gas” of the protocol.

On this day, the lowest price for TFUEL is IDR 5,070 and the highest is IDR 5,630.

Chart TFUEL/IDR

  • Ethereum Classic (ETC)

Then, there are the ETC crypto assets. Apparently, the price of this crypto asset is rising, ahead of the start of the Ethereum London Hardfork on August 4, 2021.

ETC is a crypto asset of the Ethereum Foundation and is part of the ETH crypto asset. However, the difference is that this crypto asset still uses the old technology, while ETH still tends to make changes to new technology.

On this day, the lowest price of ETC was IDR 661,900 and the highest price was IDR 749,900.

Chart ETC/IDR

  • Polygon Network (MATIC)

Finally, there is the MATIC crypto asset which will rise this week. Interestingly, it is the only crypto that has entered a bull market. In fact, in the first six months of 2021, MATIC is the highest-rising crypto asset.

Polygon (formerly Matic Network) is the first well-structured and easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is the Polygon SDK, a flexible and modular framework that supports the creation of a wide variety of applications.

Using Polygon, one can create an optimistic rollup chain, ZK rollup chain, stand-alone chain or any other type of infra required by the developer.

The $MATIC token will continue to exist and will play an increasingly important role, securing systems and enabling governance.

In today’s trading, the lowest price of MATIC is Rp. 12,850 and the highest is Rp. 14,918.


Chart MATIC/IDR

Here are 5 Bearish Crypto Assets This Week

  • Aurora (AOA)

As usual, Indodax Market signal also discusses crypto assets that will be bearish.

First, there is Aurora (AOA) which will drop over the next week. It also continues the downward trend in its price since last week. There doesn’t seem to be any upgrades yet and the demand is actually decreasing which causes the price to drop.

AOA has shown a downward trend in prices since a few weeks ago and remains in a bear market. Aurora Chain (AOA) is on a mission to create a brightly coloured blockchain world with fast-paced contracts that facilitate easy application development on the blockchain.

Today, the price of AOA is at the lowest level of Rp17 and the highest price of Rp19.

Chart AOA/IDR

  • Glitch (GLCH)

Glitch is the second crypto asset to appear bearish over the next week. Apparently, this crypto asset was abandoned by its traders.

Glitch is a Hong Kong-based Blockchain startup that builds a blockchain agnostic protocol, tailor-made to facilitate trustless money markets.

At its core, this project is about better access, lower costs, and a new community reward mechanism. GLCH’s lowest price is IDR 2,521 today. While the highest price is IDR 3,150.

Chart GLCH/IDR

  • Energi (NRG)

Next, there is the NRG crypto asset which experienced a decline in price this week. This crypto asset continued its decline since the previous four weeks. Apparently, investors should move to other crypto assets and leave NRG so that demand drops.

Energi (NRG) is a next generation Proof of Stake (PoS) cryptocurrency. Powered by the Energi blockchain, NRG combines Ethereum smart contract compatibility with self-funding treasuries, decentralized masternode governance, and Layer 1 and Layer 2 protocols.

NRG also serves as a governance token replacement for the Energiswap decentralized exchange.

Today, NRG moved at the lowest level of IDR 21,330 and the highest price of IDR 22,000.

Chart NRG/IDR

  • Honest Mining (HNST)

Next is the local crypto asset, HNST which will drop this week. Apparently, this crypto asset still hasn’t strengthened in a week’s time.

Honest Mining is a global financial company with a focus on the Southeast Asia region. Their team believes cryptocurrencies are still in their infancy, and while the majority of people want to own crypto, most are unfamiliar with the onboarding process and are afraid of volatility.

Today, HNST moved with the lowest price of IDR 301 and the highest price of IDR 314.

Chart HNST/IDR

  • Vexanium (VEX)

Finally, the crypto asset that has experienced a decline is Vexanium (VEX). The decline also allegedly occurred during this week.

Vexanium will be a platform to support new blockchain companies in developing their smart contracts and decentralized applications (DApps).

As the first public blockchain in Indonesia, Vexanium is building the next generation blockchain for mass adoption, born to support the usability and penetration of DApps (Decentralized Applications). Vexanium will make blockchain technology accessible and used to power various industries.

VEX sold for Rp113 the lowest in today’s trading. While the highest price reached Rp. 118.

Chart VEX/IDR

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),
in each table above shows if, the value of EMA 5 is higher than WMA 75.85 and EMA 200 then the market tends to go up (bullish).

If the RSI and MACD values ??show the same condition, it means the market is showing the same trend, overbought (overbought) or oversold (oversold) conditions are an indicator that the market is already at the point of changing the direction of the trend.

ATTENTION: Indodax Market Signal is the result of monitoring by the Indidax.academy Team. All content 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 does not constitute a recommendation or suggestion to take an action in transactions whether buying or selling crypto assets. certain. All crypto asset trading decisions are independent decisions by the user. Therefore, all risks arising from it, both profit and loss, are not the responsibility of Indodax.

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