There are a number of crypto assets that will show a Bullish trend in the next week. This morning, Bitcoin also seems to have started to rise to Rp. 500 million, after a long time at the level of Rp. 400 million.
However, in this Indodax Market Signal, Bitcoin and Ethereum do not seem to have shown a strengthening trend for a week. These two kings of crypto assets are not in a bullish market.
While in a bear market, TFUEL seems to have experienced a saturated market, after several weeks of continuing to be bullish. TFUEL is showing a signal that the price is going down for one week.
Let’s discuss which crypto assets are bullish this week and which crypto assets are bearish this week.
5 Crypto Assets will be Bullish on This Week
One of the bullish crypto assets is Cardano (ADA). This crypto asset has not been heard of for a long time. In this one week, ADA is likely to increase.
Cardano is a “third generation blockchain.” The main goal of this platform is to implement all the best features of Litecoin, Bitcoin and Ethereum into one cryptocurrency; complement the resulting mix with a number of additional innovative technologies.
ADA’s lowest price today is IDR 18,100 and the highest price is IDR 19,500.
Chart ADA/IDR
- Polygon (MATIC)
Next, there is the Polygon crypto asset (MATIC) which will experience a price increase in the next week. This crypto asset is being hunted by investors. This welcomes a lot of events at the end of this month.
One of the scheduled events is XEND/MATIC integration. Then there are also several other events in early July.
Matic aims to change this by leveraging a combination of blockchain scaling, platform and developer tools, and a sharp focus on user experience.
The lowest price for MATIC today is Rp. 15,151 and the highest price is Rp. 16,171.
Chart MATIC/IDR
- Celo (CELO)
Third, there is the CELO crypto asset that will rise this week. Celo Foundation (CELO) is an open and open source platform.
Celo enables a robust application ecosystem built on top, including easier cash transfer programs, peer-to-peer lending, collaborative small-scale insurance, and other digital assets and wallets.
The Celo Protocol includes unique features that create a seamless user experience on mobile to create a truly inclusive financial system.
On this day, the lowest price for CELO is Rp46,650 and the highest is Rp62,486.
Chart CELO/IDR
- XinFin Network (XDC)
The crypto asset that entered the next bullish market is XDC. The upward trend will occur during this week. After continuing the upward trend in prices since last week.
The XDC protocol is designed to support the smart contract layer, KYC/AML layer, and price stability. It uses hedge pools for existing cryptocurrencies such as Bitcoin, Bitcoin Cash, Litecoin and Ripple on the tradefinex.org platform.
The XDC protocol also supports FIAT payment methods and will support nationally issued cryptocurrencies.
As of today, the lowest price for XDC is IDR 820 and the highest price is IDR 1,029.
Chart XDC/IDR
- Miota (IOTA)
Finally, there is IOTA which will increase over the next week. In just 24 hours, the increase is quite fantastic.
IOTA is a distributed ledger with one big difference: it’s not actually a blockchain. Instead, his proprietary technology is known as Tangle, a system of nodes that confirm transactions.
The foundation behind the platform says it offers significantly greater speed than conventional blockchains — and an ideal footprint for the ever-evolving Internet of Things ecosystem.
In today’s trading, the lowest price of IOTA is Rp. 12,900 and the highest is Rp. 24,735.
Chart IOTA/IDR
5 Crypto Assets will be Bearish This Week
- Theta Fuel (TFUEL)
The market signal this time also discusses crypto assets that will be bearish. First there is TFUEL which may be going down for a week. It is natural for TFUEL to enter a saturated market because it has been showing price increases for several weeks.
TFUEL is used to support on-chain operations such as payments to relays to share video streams, or to deploy or interact with smart contracts. Relayers get TFUEL for every video stream they relay to other users on the network. You can think of Theta Fuel as the “gas” of the protocol.
Today, the price of TFUEL is at the lowest level of IDR 5,801 and the highest price of IDR 6,248.
Chart TFUEL/IDR
- NEO
The crypto asset that entered the next bear market was NEO. This cryptocurrency will show price weakness this week.
NEO as China’s first original and open source public chain project serves as a smart asset platform. Smart assets are a combination of blockchain smart contracts and digital assets. NEO enables a smarter way for asset registration, issuance and circulation.
NEO’s lowest price is IDR 435,000 today. While the highest price is IDR 474,400.
Chart NEO/IDR
- Polkadot (DOT)
Next, there is the DOT crypto asset that experienced a decline in price this week. Apparently, investors should move to other crypto assets and leave the DOT so that demand drops.
Polkadot is a blockchain project that has the function to combine several blockchain networks so that the system runs optimally. It is also commonly known as Parachain. Today, DOT moved at the lowest level of Rp205,501 and the highest price of Rp219,500.
- AAVE
Next there is the AAVE crypto asset that will experience a decline in price. This happens because this crypto asset seems to have been abandoned by investors for a while.
Aave describes its project as a decentralized, open-source, non-custodial money market protocol. Today, AAVE moved with the lowest price of Rp2,678,744 and the highest price of Rp2,964,685.
Chart AAVE/IDR
- Zilliqa (ZIL)
Finally, the crypto asset that has experienced a decline is Ziliqa (ZIL). This crypto asset is also being abandoned by investors for a while and is likely to experience a decline within a week.
Zilliqa has technology with the Sharding feature that makes it more efficient and faster. Zilliqa has their own ERC20 token called Zilliqa Coin or ZIL. These ZIL coins are used to transact value on the network and reward nodes and miners for securing the network.
ZIL sold for Rp982 the lowest in today’s trading. While the highest price reached Rp1,042.
Chart ZIL/IDR
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.
