Indodax Market Signal edition June 7th, 2021 features 5 bullish and bearish crypto assets. Anything? Is there a bearish market that supports it?
Interestingly, Ethereum has entered into a bullish signal again this week. However, Bitcoin still hasn’t given a signal to enter the Bullish market, even though Bitcoin and Ethereum price movements or charts are often similar.
Meanwhile, the crypto asset Saffron.Finance (SFI) is indeed still in the bearish realm. However, he showed a signal of support. This means that there will be an increase in SFI prices this week.
Besides that, what’s interesting about this week’s edition of Market Signal? Let’s see.
5 Crypto Assets will Bullish on This Week
- Tfuel (Theta Fuel)
The TFuel crypto asset is one of the assets owned by the Theta TV platform, a streaming platform for gamers and music. The Theta blockchain platform has also announced several upgrades and supports NFT (non fungible tokens).
The Theta upgrade seems to increase the demand for Theta tokens. So the price has started to increase starting from last week. This week, Theta signaled the continuation of its price increase. The lowest price for TFuel today is IDR 6,114 and the highest price is IDR 7028.
- Theta (THETA)
In addition to TFUEL, the crypto asset Theta is again showing an increase in price. This crypto asset is also part of the Theta TV platform. The increase in THETA and TFuel occurred in line with the upgrade of the Theta TV blockchain. Both Theta and TFuel also showed a bullish trend from last week to next week.
The lowest price for Theta today is IDR 128,000 and the highest price is IDR 136,000.
- Waves (WAVES)
Next, there are Waves that will rise in the next week. WAVES is a decentralized blockchain platform focused on broader blockchain applications such as fundraising, financial token generation, or cryptocurrency digital asset trading systems.
WAVES is an open blockchain platform that allows users to store, trade, manage and issue their digital assets in a simple, easy, simple and secure way.
On this day, the lowest price for Waves is IDR 201,300 and the highest is IDR 239,900.
- Polkadot (DOT)
Next, the Polkadot crypto asset (DOT) will also rise in the next week. The increase has started to occur since last week. This week, DOT showed an upward trend in its price.
Polkadot is a heterogeneous multichain exchange and translation architecture that allows customized sidechains to connect with public blockchains.
On this day, the lowest price of DOT was Rp345,113 and the highest price was Rp362,367.
- Ethereum (ETH)
Finally, there is Ethereum (ETH) which has gone up this week. Ethereum seems to have signaled a rise, after a long period of resistance and sideways. Because last month, Ethereum rose to IDR 62.7 million which is an all time high (ATH) price.
Ethereum is the 2nd most popular crypto asset and the 2nd highest market cap after Bitcoin. Ethereum is a pioneer and pioneer of the new ecosystem of the blockchain world.
In today’s trading, the lowest price of ETH is IDR 38,750,000 and the highest is IDR 40,500,000.
5 Crypto Assets will be Bearish on This Week
- ZCash (ZEC)
This time, Indodax Market Signal will discuss bearish crypto assets. First, there is ZCash (ZEC). This crypto asset for one week will decline. Zcash is a crypto asset taken from a Bitcoin fork.
ZCash is also the same as Bitcoin in terms of total supply. The maximum total supply of ZEC is 21 million. The difference is, ZEC has faster and more efficient transactions than Bitcoin. ZEC also provides a feature to hide the identity of the sender and recipient, making it more private in sending transactions.
Today, the ZEC price is at the lowest level of Rp.2,167,567 and the highest price of Rp.2,290,970.
- Compound Finance (COMP)
Next is the Compound Finance (COMP) crypto asset. This cryptocurrency shows a downward trend in prices for this one week. It could be, COMP is being abandoned by the community because there is still no new event.
Compound Finance is a well-known DeFi platform, after beating Uniswap a few weeks ago, in terms of volume. Compound Finance allows people to earn tokens by exchanging tokens using a decentralized finance system using the Ethereum network.
On this day, COMP moved with the lowest price of IDR 5,562,622 and the highest price of IDR 5,833,249.
- Quantum (QTUM)
Next, Quantum (Qtum) shows a downward trend in price. Qtum is an open source public blockchain platform, which leverages the security of UTXO while enabling multiple virtual machines including the revolutionary EVM and x86 VM.
Qtum is PoS based and offers a Decentralized Governance Protocol (DGP) which allows certain blockchain settings to be modified using smart contracts. For example the block size of Qtum can be increased without the need for a hard fork.
QTUM’s lowest price is IDR 158,501 today. While the highest price is Rp. 164,208.
- Saffron Finance (SFI)
Saffron Finance (SFI) crypto assets are crypto assets that are still in a bear market. However, this crypto asset signal indicates that it will experience a price increase over the next week.
Saffron Finance is a blockchain platform for a decentralized finance system.
Today, SFI is moving at the lowest level of IDR 7,700,000 and the highest price of IDR 8,000,000
- EMiner (EM)
Finally, the crypto asset that has experienced a decline is the Eminer (EM). This week, there will be a downward trend in prices.
EMINER (EM) is an innovative global hash rate service platform, Eminer aims to integrate and redefine the mining industry ecology based on hash rate by building a hash rate service platform that integrates financial and information services. Eminer is ranked 533* out of 5,109 crypto assets priced at Rp. 101,-. The total supply is 2,100,000,000 EM.
EM sold for Rp89,800 the lowest in today’s trading. While the highest price reached Rp. 100,500.
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 be 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.
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