Indodax market Signal February 15th, 2021 Edition displays 5 crypto assets that will experience an increase or bullishness in the Indodax market. In addition, there are also 5 crypto assets that have experienced a decline or are bearish.
Bitcoin again touched its highest price in history, namely Rp 718 million on February 14, 2021. However, this morning, Bitcoin actually experienced resistance or experienced a decline after the peak price. Now Bitcoin is back at Rp. 680 million.
Ethereum is the same, increasing to IDR 26.5 million. Apparently, Ethereum still has almost the same moves, even though the prices are much different. Both of these crypto assets will be bullish for the next week.
Meanwhile, the crypto assets that are bearish are slightly different from the previous week. SUSHI and Compound, two crypto assets based on DeFi (decentralized finance), seem to have experienced resistance.
Naturally, because from the beginning of the year, the increase in these two crypto assets has reached more than 300 percent.
Meanwhile, the crypto asset DOGE does not appear to be included as its movements over the next week are yet to be seen. DOGE can go up or it can go down.
Here are 5 bullish and bearish crypto assets at Indodax Market Signal February 15, 2021-19 February 2021.
5 Crypto Assets will Bullish on This Week
- Ethereum (ETH)
The crypto asset that rose first was Ethereum. Naturally, this crypto asset has increased because Bitcoin has also increased. Usually, the movements of these two crypto assets are often similar.
On January 14, 2021, Ethereum has reached its highest level of IDR 26.5 million. Even though it looked a little down on Monday morning, however, Ethereum is still recommended on bullish market signals. During the next week, ETH is predicted to continue to rise.
Ethereum is the second most popular crypto asset in the world, after Bitcoin. Ethereum is a crypto asset that has a line of business to provide a network for the birth of new crypto assets.
Pada perdagangan hari ini, ETH bergerak di level terendah Rp 25,887,000 dan level tertinggi Rp 26,676,000.
Berikut technical analysis ETH minggu ini:
- Bitcoin Cash (BCH)
The crypto asset that will go up next is Bitcoin Cash. This crypto asset is a fork or derivative of Bitcoin. Naturally, this crypto asset also increases with the increasing price of Bitcoin.
BCH also recorded its highest price increase to more than IDR 10 million. This morning, BCH is also seen experiencing a slight decline. However, the price is also predicted to rise again during this week.
Bitcoin Cash is a derivative of Bitcoin that was created with the aim of fast and much cheaper transactions. Bitcoin Cash was created to overcome the already high Bitcoin price and slow transactions.
On today’s trading, BCH was moving at the lowest level of Rp8,105,000 and the highest level of Rp10,900,000. BCH is included in the 5 bullish crypto assets on Indodax Market Signal this week.
Here’s the BCH technical analysis for this week:
The next rising crypto asset is NEO. At Indodax Market Signal this week, NEO is included in a market that is experiencing price strengthening or is bullish. NEO is a crypto asset with a platform that enables smarter work.
In today’s trading, NEO moved at the lowest level of IDR 538,000 and the highest level of IDR 689,000. NEO is among the top 5 crypto assets that are bullish this week.
Here’s this week’s NEO technical analysis:
- Bitcoin (BTC)
The crypto asset that went up next was Bitcoin. The crypto ‘King’ continues to strengthen in price. One of the factors that increase the price is the massive purchase.
Last week, Tesla was reported to have bought Bitcoin for Rp. 20 trillion. This followed Elon Musk’s tweet about Bitcoin a few days earlier
Bitcoin is predicted to increase during this one year. Price increases have started to appear at the beginning of this year. Bitcoin has broken the all time high (ATH) several times or the highest record in history.
In today’s trading, BTC moved at the lowest level of Rp. 672,079,000 and the highest level of Rp. 718,000,000. COMP entered into 5 bullish crypto assets this week.
Here’s BTC’s technical analysis this week.
Waves is the next crypto asset that will experience a boom. WAVES may be a decentralized finance (Defi) crypto asset that still survives. This crypto asset is different from other DeFi crypto assets such as SUSHI and Compound which have experienced a decline.
WAVES or more specifically the WAVES platform is a decentralized blockchain network that focuses on broader use of blockchain applications such as fundraising, financial token creation, or digital cryptocurrency asset trading system.
In today’s trading, WAVES moved at the lowest level at IDR152,100 and the highest level at IDR 183,200. WAVES entered into 5 bullish crypto assets this week.
Here’s this week’s WAVES technical analysis:
|Summary||BUY (4) sell (1)|
5 Crypto Assets will Bearish on This Week
- Honest Mining (HNST)
Next, the crypto asset that has experienced a decline is Honest Mining (HNST). This crypto asset is a crypto asset from Indonesia.
After rising drastically, this crypto asset has actually reversed direction or resistance. In fact, the decline in prices can continue in the next week.
HNST is a crypto asset that provides staking services. HNST was launched in 2019.
In mid-year trading, HNST moved at the lowest level of Rp. 400 and the highest level of Rp. 444.
The following is the HNST technical analysis for this week:
|Summary||SELL (4) BUY (1) OVERSOLD (1)|
The crypto asset that has experienced the next drop in price is REN. These crypto assets are still incapable of innovating to increase prices. In fact, it seems like it was abandoned by its investors.
In today’s trading, REN moved at the lowest level of Rp. 13788 and the highest level of Rp. 14,735
Here’s the REN technical analysis for this week:
|Summary||SELL (5) BUY (1)|
- Matic Network (MATIC)
Matic is a crypto asset that will experience a decline in price over the next week. This crypto asset seems unable to innovate properly. So it must be abandoned by investors.
Investors or traders prefer to invest in more popular crypto assets such as Bitcoin, Ethereum and others.
Pada perdagangan hari ini, harga terendah MATIC berada pada level Rp1450 dan harga tertingginya Rp1734.
Berikut technical analysis MATIC minggu ini:
|Summary||SELL (5) BUY (1)|
- Sushiswap (SUSHI)
The crypto asset that has decreased is SUSHI. This DeFi crypto asset is experiencing resistance after increasing hundreds of percent earlier this year.
The price decline continues so that SUSHI will enter into a bear market in the next week.
Although there are signals that recommend that SUSHI can still be purchased, because it is predicted that it can still increase. Although actually SUSHI is more directed to be sold.
Pada perdagangan hari ini, SUSHI bergerak di level terendah Rp 220.134 dan level tertinggi Rp237.000.
Berikut technical analysis SUSHI minggu ini:
|Summary||SELL (5) BUY (1)|
- Compound Finance (COMP)
Finally, there is Compound Finance (COMP) which has decreased. This DeFi crypto asset is experiencing resistance after increasing hundreds of percent earlier this year. COMP is the same as SUSHI.
The price decline continued so that COMP entered into a bear market in the next week.
In today’s trading, COMP moved at the lowest level of Rp7,033,015 and the highest level was Rp7,640,000.
Here’s the COMP technical analysis for this week:
|Summary||SELL (5) buy (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 condition or oversold condition is an indicator that the market is at a point of changing the trend direction.
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