Indodax Market Signal: August 16th, 2021 | BTC ETH OKB
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Indodax Market Signal: August 16th, 2021

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Indodax Market Signal: August 16th, 2021

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Entering the third week of August 2021, Bitcoin and Ethereum are still sitting on the Bullish crypto-asset list. Meanwhile, VidyX is still perched on the Bearish crypto-asset list as of last week accompanied by OKB, which has just entered the Bearish market.

The increase in the price of BTC indicates the mood of the crypto-asset market which often increases due to its influence on the current bull run condition.

Let’s discuss which crypto assets are bullish and which crypto assets are bearish this week.

5 Bullish Crypto Assets

If last week BTC had touched the 660 million mark, this week, BTC managed to rise to the 679 million level. The Bitcoin Forecast in the last few weeks has often strengthened due to the increase in its price which continues to be supported by some Bitcoin Evangelists.

Reported by NewsBTC, Bitcoin price started a fresh hike from the support of $45,500 against the US Dollar. BTC is likely to accelerate higher above the $48,000 resistance zone.

As a crypto parent, BTC’s performance also influences the direction of other altcoins, and since last May the price of BTC has skyrocketed for the first time.

It is undeniable that the Ethereum network upgrade affects the price of its crypto asset, namely ETH. As the network on top of the most widely used Blockchain system, the increase in the price of ETH could affect the increase in other tokens running on the network. and since yesterday’s london hardfork, ETH has burned US$30 million worth of ETH, and it is possible that the price of ETH could rise higher.

Today the highest price touched IDR 47,200,000.

The crypto asset that entered the next bullish market is ADA. Project Cardano itself is a decentralized blockchain network based on peer-reviewed research and the highly secure Haskell coding language.

According to Twitter, Cardano will hold an annual event, the 2021 Cardano Summit, which will be held on September 25-26, 2021.

  • Stellar (XLM)

Next, there is XLM which has re-entered the bullish trend. This American project allows its users to create, send and trade digital representations of all forms of money: dollars, pesos, bitcoins, you name it. It is designed so that all the world’s financial systems can work together in one network.

  • Polygons (MATIC)

Finally, there is MATIC which has re-entered the bullish trend. In the last 24 hours MATIC experienced a price increase of up to 2.26%. His current ranking on CoinMarketCap is #17. It has an outstanding supply of 6,458,576,924 MATIC coins and max. supply of 100,000,000,000,000 MATIC coins.

In January 2021, the MATIC price on Indodax still shows a price below a thousand Rupiah. Since February 2021 MATIC has often climbed up until now.

5 Bearish Crypto Assets

  • OKB

The market signal this time also discusses crypto assets that are experiencing Bearish. First there is OKB. OKB is down 1.69% in the last 24 hours. CoinMarketCap’s current rating is #77. OKB is a crypto asset released by the OK Blockchain Foundation and crypto exchange platform OKEx.

  • Aurora (AOA)

Next, there is AOA which is still in the bearish area from last week, although there is a slight increase in price, the AOA is still in the bearish area. Aurora is a Blockchain project that integrates blockchain into different industries such as finance, e-commerce, gaming and Internet of Things.

Still sluggish, AOA is still on the list of Bearish crypto assets with prices below 30 Rupiah.

  • High-Performance Blockchain (HPB)

The crypto asset that entered the next bear market was HPB. This cryptocurrency will show the weakening of prices this week. HPB prices are down 6.00% in the last 24 hours.

High-Performance Blockchain (HPB) seeks to address scalability issues from both software and hardware aspects. HPB combines customized Blockchain Offload Engine (BOE) hardware with high-performance blockchain software. With the addition of hardware-based BOE, enabling high transaction speeds.

  • VidyX

Next, there is the VidyX crypto asset which has experienced another decline in price this week. If on Monday last week VidyX fell 0.56% in the last 24 hours, today, it’s down 0.42% on a day.

VIDYX is a token running on the TRON blockchain that will revolutionize how data ownership is sensibly mediated, refined and executed on the web. The VIDYX framework is a sustainable token economy that dually supports online publisher and consumer ecommerce video inventories.

  • VSystem (VSYS)

Finally there is the VSYS crypto asset which will experience a decline in price. In the last 24 hours, the price of VSYS is down 2.01%. describes itself as a blockchain infrastructure provider with a focus on databases and cloud services. Powered by the Supernode Proof-of-Stake (SPoS) consensus algorithm, each supernode is selected in a decentralized network according to the Proof-of-Stake (PoS) principle. According to the team, it provides high-performance printing, transaction processing and smart contract functions. VSYS is the native currency for the blockchain platform with use cases such as transactions, staking and printing on the network.

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: 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 is not a recommendation or suggestion to take an action in a transaction, either buying or selling. certain crypto assets. 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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