Indodax market signal March 8, 2021, presents bullish and bearish crypto assets for the next week. Bitcoin is back on track with a bullish trend. What about other coins or tokens?

For those of you who have made a profit this week, congratulations! Because as usual, the  Indodax market this week is “going green”. 

However, there were crypto assets that experienced a decline last week. So, you have to be careful, crypto assets may decline at any time. We will also discuss 5 crypto assets that are predicted to decline in price.

 Here are 5 bullish and bearish crypto assets on the Indodax market this week.

5 Bullish Crypto Assets This Week  

• Bitcoin (BTC)

The first crypto asset currently experiencing a bullish trend was Bitcoin. Although it hasn’t returned to its all-time high yet, Bitcoin’s increase this week has signaled a positive trend.

Even so, Bitcoin will not experience a deep price decline, yesterday BTC had touched Rp. 600 million but has now returned to Rp 700 million.

Undoubtedly, Bitcoin is Blockchain’s first success story that is predicted to reach billions in price!

• Basic Attention Token (BAT)

The second crypto asset experiencing a bullish trend is BAT.

As seen from the chart below, the price of BAT has increased notably. In fact, on March 3, 2021, BAT touched its highest price at Rp 11,171,-

BAT itself is a utility token from a company called Brave. This token, which stands on the Ethereum network, can be used to get various attention-based advertisements and services on the Basic Attention Token platform.

• THETA

The next crypto asset that is experiencing a rise in price is THETA.

As seen in the chart below, THETA experienced an upward trend, even though there had been a deep price decline. On March 5, 2021, THETA touched its highest price at IDR 67,054.

THETA itself is a Mainnet token based on the Theta protocol, which was launched on March 15, 2019.

• TFUEL

Next is TFUEL. This crypto asset experienced a sharp increase and continues to show a bullish trend. It can be seen from the chart below, just like THETA, TFUEL touched its highest level at Rp 2,437 on March 5, 2021.

TFUEL is used to power chain operations such as payments to relay video streams, or to deploy or interact with Smart Contract features.

• Uniswap (UNI)

Uniswap (UNI) is the fifth crypto asset that will experience a price increase. Uniswap itself is one of the most popular decentralized finance (DeFi) crypto assets, which is a crypto asset from the DeFi platform of the same name.

On the Uniswap platform, you can stake or pledge one crypto asset. Then, stakers get loans in the form of other crypto assets.

As you know, DeFi is indeed very popular in the Blockchain industry right now, so it is predicted that this crypto asset’s price will increase further.

5 Bearish Crypto Assets This Week

• DAD

The first crypto asset that experienced a decline or is in bearish trend was DAD.

The DAD token is a community-based crypto asset. DAD performs the important task of selecting block producers and community voting. It is also an important payment and currency in the DAD advertising ecosystem.

Advertisers can advertise, purchase target group queries and other services, and earn big data through DAD token payments.

• USD Coin (USDC)

The next crypto asset that is experiencing a decline in price or is in bearish mode is USDC.

USDC is a stablecoin backed by the US dollar, which is kept as a reserve by regulated financial institutions. The tokens are issued by regulated financial institutions, and each token is exchangeable for one dollar – effectively providing a stable cryptocurrency price.

However, starting from March 6, 2021, the USDC chart continued to experience a red trend to hit the current lowest level of Rp. 14,283.

• Monero (XMR)

The next crypto asset to experience a decline or in bearish trend is Monero, or XMR.

The Monero project believes that money will be fully decentralized in the future, it won’t be under the control of any organization in line with the new fully transparent economic paradigm.

Monero currency (XMR) is used for online payments; because of its unmatched privacy, anonymous and untraceable features. Monero is a popular cryptocurrency on the black market and dark web.

Monero (XMR) is a digital currency with a focus on private and censorship-resistant transactions. Unlike Bitcoin and Ethereum, Monero uses cryptography to protect sending and receiving addresses, as well as the amounts transacted, allowing the transactions to be confidential and untraceable.

• USDT

Like USDC, this stablecoin is experiencing a decline or in a bearish trend. Tether brings you the co-benefits of open blockchain technology and traditional currencies by converting your money into a stable and equal digital currency.

However, the past week, its price has shown a decline. Even though the price doesn’t fluctuate significantly like other crypto assets, you can still expect the price of this crypto asset to increase, you know!

• Cardano (ADA)

Last but not least, we have Cardano or ADA which is experiencing a Bearish trend this week.

If you look at the chart below, the ADA price trend continues to decline. However, the Cardano team has capped the maximum number of ADA coins at around 45 billion. This means that the increase and decrease of the price of ADA will vary.

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.