This time, the Indodax market signal again discusses 5 bullish crypto assets and 5 bearish crypto assets. Anything?
Bitcoin and Ethereum broke records again last week. Previously, these two crypto assets were stagnant at IDR 700 million and Ethereum at IDR 23 million. This condition persisted for several weeks.
Not all crypto assets have increased. There are also several crypto assets that have experienced a decline. For example, EGLD and others who have not been able to innovate.
Although not all crypto assets are predictable, at least they can give you the ability to decide whether to buy or sell.
Here are 5 crypto assets that are bullish and bearish on the Indodax market.
5 Bullish Crypto Assets This Week
- Bitcoin (BTC)
The first bullish crypto asset is Bitcoin. This most popular crypto broke the record again to IDR 887 at the end of last week. This is because of the corporate buying action in the United States. Like Microstrategy Inc which again adds to its Bitcoin.
Companies from other countries have also stated to buy Bitcoin. This is because Bitcoin is predicted to be an asset capable of becoming an inflation hedge.
On today’s trade, the lowest price of Bitcoin was IDR 826 million. Meanwhile, the highest price reached IDR 885 million.
- Ethereum (ETH)
The crypto asset that has experienced the next increase is Ethereum. Due to its graphical movements similar to that of Bitcoin, this crypto asset also broke a record high price of IDR 27.8 million.
One of the factors is that Ethereum will upgrade the EIP-1559 which will occur in July or August. The EIP-1559’s upgrade is to “burn” or burn.
It aims to reduce Ethereum’s maximum supply in the future. So that the price will increase.
In today’s trade, Ethereum was sold with the lowest price of IDR 26.67 million and the highest price of IDR 27.65 million.
The crypto asset that has seen its next increase in price is Theta. This crypto is a payment on the streaming music platform and games and other entertainment, Theta TV.
Some of the innovations that have recently been carried out by Theta have attracted investors or their community. Thus, the Theta price is also predicted to be bullish this week.
In today’s trade, Theta’s lowest price was IDR 95,062. Meanwhile, the highest price is IDR 111,335.
- Sushiswap (SUSHI)
Next, the crypto asset that has been bullish is Sushiswap (SUSHI). Based on decentralized finance (DeFi), this crypto asset is one of the DeFi crypto assets favored by Indodax members.
Platform developments or events on the SUSHI platform seem to have an impact on price increases. This crypto is also predicted to compete with its predecessors such as Uniswap.
SUSHI’s lowest price was IDR 296,095 and the highest was IDR 328,561 in today’s trading. This crypto is predicted to experience price strengthening in the next week.
- Aurora (AOA)
The crypto asset that has experienced the next price strengthening is Aurora (AOA). Aurora Chain (AOA) is on a mission to create a brightly colored blockchain world.
Aurora relies on fast employment contracts that facilitate easy application development on the blockchain. The innovation this time makes people interested so it is possible that the price will increase in the next week.
Aurora is in great demand considering its very cheap price. AOA’s lowest price today is IDR 47 and the highest is IDR 53.
5 Crypto Assets Bearish on This Week
The crypto asset that experienced the first bearishness was OKB. This crypto asset seems unable to provide new innovations. So that OKB was left behind by investors and the community. This is what causes the OKB price to possibly fall over the next week.
Today, OKB’s lowest price is IDR 225,000. The highest price today is IDR 234,113.
- Nem (XEM)
The next drop in or bearish crypto asset is Nem (XEM). NEM or new economy movement (XEM) is a Peer-to-Peer cryptography platform with Blockchain platform technology.
Even though XEM was not used by traders as a means of payment, it still grew significantly in value. Unfortunately, the price is still going down.
XEM’s lowest price is IDR 4,800 today. Meanwhile, the highest price is IDR 5,313.
- Elrond (EGLD)
Next, the crypto asset that has experienced a decline is Elrond (EGLD). The stablecoin of the gold price has decreased along with the decline in world gold prices.
Elrond is a complete rethink of public blockchain infrastructure, specially designed to be secure, efficient, scalable and operable. Elrond’s main contribution rests on the two capstone building blocks:
EGLD sold for IDR 1,910,000, the lowest in today’s trading. Even though the highest price movement reached Rp 2,049,772, one week from now the price may still decline.
- Saffron Finance (SFI)
The next decline or bearish crypto asset is Saffron Finance (SFI). This crypto asset is one of the crypto assets based on DeFi.
It seems that there hasn’t been any innovation and the latest upgrade from the DeFi platform on this one. So that the price is still not showing an increase in this one week.
SFI sold for IDR 27,250,000, the lowest in today’s trading. Meanwhile, the highest price was IDR 30,366,855.
Finally, there is REN, which will experience a decline in prices for the next week. This crypto asset doesn’t seem to be of much interest considering its not-so-popular rating.
In addition, REN also does not appear to provide information regarding technology upgrades and others.
In today’s trading, the lowest price for REN is IDR 16,045 and the highest is IDR 17,099
NOTE: If EMA 5 crosses the WMA 75, 85 and EMA 200 lines 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 direction of the trend.
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