Indodax.Academy this time will discuss 5 bullish and bearish crypto assets for the next week, 30 November 2020 – 4 December 2020 on the Indodax Market.
Just like the previous week, bullish crypto assets are generally a popular coin. Meanwhile, crypto assets that experienced a different decline last week.
5 Bullish Crypto Assets This Week
- Bitcoin (BTC)
Bitcoin is one of the 5 bullish crypto assets this week. The price of the crypto asset with the largest valuation in the world is predicted to increase over the next week.
It’s the same as the previous weeks. Bitcoin is still holding its highest price.
The increase in Bitcoin is due to the massive purchase of Bitcoin by several giant companies in the United States (US). This is done in protecting their assets.
The uncertainty of US policy after the presidential election made many people secure their assets in Bitcoin. Not only that, the Paypal factor is also still a support that makes Bitcoin prices go up.
In today’s trading, BTC moved at the lowest level of IDR249,831,000 and the highest level was IDR261,987,000. BTC entered into 5 bullish crypto assets this week.
Here’s BTC’s technical analysis this week:
- Ethereum (ETH)
The second most popular crypto asset and the 5th most bullish crypto asset this week is Ethereum. The demand for ETH is increasing as people are excited about the evolution of Ethereum 2.0.
Naturally, people bought ETH. Because this evolution will renew the old Ethereum network into an ethereum network that is more effective & efficient in its use, thus triggering an increase in prices.
Ethereum 2.0 will enlarge its network and turn the scheme to proof of staking (PoS) from the original PoW (Proof of Work) scheme.
In today’s trading, ETH moved at the lowest level of IDR7,591,000 and the highest level was IDR8,367,000. ETH entered into 5 bullish crypto assets this week.
Here’s the ETH technical analysis for this week:
- Chainlink (LINK)
The next coin to be the 5 bullish crypto assets this week is Chainlink (LINK). This coin is one of the tokens used in the DeFi ecosystem.
The news of Ethereum evolving into Ethereum 2.0 provides a breath of fresh air to DeFi tokens within the Ethereum ecosystem. Link is one of the DeFi tokens that is experiencing a bullish trend along with the increasing price of Ethereum tokens.
In today’s trading, LINK moved at the lowest level at IDR183,675 and the highest level at IDR201,000. LINK has entered into 5 bullish crypto assets this week.
Here’s the LINK technical analysis this week:
- Stellar Lumens (XLM)
Stellar Lumens (XLM) The next coin to be the 5 bullish crypto assets this week. XLM is a crypto asset that is quite popular and has strong fundamentals and utility.
Many people make purchases at XLM. So that the price in early December 2020 is predicted to increase.
In today’s trading, XLM moved at the lowest level at Rp2,700 and the highest level at Rp2,890. XLM entered into 5 bullish crypto assets this week.
Following is the XLM technical analysis for this week.
- Ripple (XRP)
The next coin to make the 5 bullish crypto assets this week is Ripple (XRP). Demand has jumped dramatically because XRP just made a buyback.
Besides, people are “taking positions”. Because XRP will share an airdrop in December 2020.
Pada perdagangan hari ini, XRP bergerak di level terendah Rp8.345 dan level tertinggi Rp9.100. XRP masuk ke dalam 5 aset kripto bullish minggu ini.
Berikut technical analysis XRP minggu ini:
Here Are 5 Bearish Crypto Assets This Week
- Tether (USDT)
Tether (USDT) entered into 5 bearish crypto assets this week. In the last few weeks, the USDT has indeed experienced a decline. USDT is a stable coin that adheres to the price of US Dollar.
After the election for the US President, the country’s economy experienced a slight decline. This is why the US Dollar has decreased which causes the USDT to also decline.
In today’s trading, USDT moved at the lowest level of IDR14,130 and the highest level was IDR14,268.
Here’s the USDT technical analysis for this week:
- Daex (DAX)
DAEX is an open and decentralized clearing and settlement ecosystem for Crypto Asset exchanges. The Global DAEX Foundation is the creator of DAEX, an open and distributed Crypto Asset clearing ecosystem that aims to provide clearing solutions for Crypto Asset exchange.
It’s just that, DAEX is still not able to make its investors survive. Thus causing the price to fall. DAEX is considered still not providing innovation.
In mid-year trading, DAX moved at the lowest level at Rp46 and the highest level at Rp52.
Here’s the DAX technical analysis for this week:
|Summary||SELL (5) Oversold (1)|
- Sumokoin (SUMO)
Sumokoin (SUMO) is a mining-based crypto asset. SUMO is considered unable to innovate so that investors have abandoned it.
The number of investors who left caused SUMO’s price to move down. In today’s trading, SUMO moved at the lowest level of Rp. 487 and the highest level of Rp. 500.
Here’s SUMO’s technical analysis for this week:
|Summary||SELL (5) Oversold (1)|
- Crypto.com (CRO)
Crypto.com is one of the most popular crypto assets. It’s just that Crypto.com hasn’t been able to innovate to retain its investors.
Thus, causing the price to decrease. Just like the previous weeks. So that CRO entered into 5 bearish crypto assets this week.
In today’s trading, the CRO moved at the lowest level at Rp916 and the highest level at Rp948.
Here’s the CRO technical analysis for this week:
|Summary||SELL (4) Neutral (1) OVERSOLD(1)|
- USD Coin (USDC)
USD Coin (USDC) is a stablecoin that adheres to the dollar price, such as Tether (USDT). As with USDT, the effect of the price of the United States currency on the coin is also a factor in the price decline in the next week.
On today’s trading, USDC moved at the lowest level of IDR14,140 and the highest level was IDR14,242.
Here’s the USD technical analysis for this week:
|Summary||SELL (5) OVERSOLD(1)|
NOTE: If the EMA 5 crosses the WMA 75, 85 and 200 EMA and these lines intersect from bottom to top, the market trend tends to go up (bullish),
In each table above, it shows that if the value of EMA 5 is higher than 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, overbought conditions or oversold conditions are an indicator that the market is at a point of changing the trend direction.
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