Indodax market Signal April 19, 2021 features 5 bullish crypto assets and 5 bearish crypto assets.
Bitcoin this time is experiencing sideways or in a resistance position. This happened after he touched the highest price of IDR 950 million last week.
This is normal considering the saturated market. After the highest price, many people take profit-taking action. However, even so, Bitcoin’s downward trend is only temporary. After that, Bitcoin will increase again.
Meanwhile, there are still many other crypto assets on Indodax that are ready to climb over the next week. In addition to the 5 crypto assets that experienced an increase, there were also 5 crypto assets that experienced a decline.
Uniquely, the 5 crypto assets that will be bearish are believed to be touching support prices next week. Support is a position where the price of the decline will stop then will reverse direction and increase.
Here are 5 bullish and bearish crypto assets for the next week.
5 Bullish Crypto Assets This Week
The first crypto asset is Dogecoin (DOGE). This crypto has touched its highest price of IDR5,500 last week.
The increase in DOGE last week occurred due to massive buying action. People bought DOGE after seeing posts about DOGE from the SpaceX and Tesla accounts on Twitter.
Both are companies owned by Elon Musk. Previously, Elon Musk had also carried out a similar action some time ago. Until the increase in DOGE and Bitcoin prices.
This means that during the next week, DOGE will continue the upward trend in prices. After experiencing a slight trend in the resistance position, DOGE will increase again during this week.
Today, DOGE’s lowest price is IDR 4,000 and the highest is IDR 5,494.
Chart DOGE/IDR
Next, is Ethereum. This crypto asset will increase this week, continuing the upward trend in its price last week.
In the past week, Ethereum posted its highest price of around IDR 37.6 million. Slightly in the resistance position, ETH may rise again this week.
The increase in the price of Ethereum is due to the creation of the Visa blockchain network built using Ethereum. Coupled with the use of non-fungible tokens (NFT) which use a lot of Ethereum.
As of today, the Ethereum price is at the lowest level of IDR 31,880,000 and the highest price is IDR 36,050,000.
Chart ETH/IDR
- Bitcoin SV (BSV)
Third, there is Bitcoin SV (BSV which will increase this week. Bitcoin SV (Satoshi’s Vision) originated from a hard fork that divided Bitcoin Cash into two different digital currencies.
Bitcoin SV is used as a remittance and payment method. BSV has a number of significant differences from Bitcoin. The transfer process is faster and cheaper to be an advantage.
In today’s trading, the lowest price of BSV is IDR 4,880,000 and the highest is IDR 5,980,000.
Chart BSV/IDR
- Nem (XEM)
The crypto that will go up over the next week 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.
Today’s lowest price for XEM is IDR 5,909 and the highest is IDR 7,200.
Chart XEM/IDR
Finally, an increasing crypto asset is Chainlink (LINK). The DeFi platform will experience an increase in price over the next week.
The price increase factor is the DeFi event that developers, investors and traders from all over the world can participate in. LINK is moving today with the lowest price of IDR 528,888 and the highest price of IDR 650,003.
Chart LINK/IDR
Here Are 5 Bearish Crypto Assets This Week
- OKB (OKB)
First, there is OKB which will experience a price decline. It seems that this crypto will still not improve next week.
There is no information regarding the technology upgrade from OKB so it will be abandoned by investors this week. Today, OKB is moving with the lowest price of IDR249,500 and the highest price of IDR282,250.
Chart OKB/IDR
- Holo (HOT)
Holo (HOT) is a new crypto asset listing on Indodax last week. This week, HOT seems to be experiencing a decline in prices. This token is a derivative of Holochain. Holo aims to be a bridge between the wider internet.
HOT offers an easily accessible DApps ecosystem and market. Due to hoting on the internet on Holochain’s network. HOT’s lowest price is IDR 258 today. Meanwhile, the highest price is IDR 294.
Chart HOT/IDR
- Theta Fuel (TFUEL)
The next crypto that has experienced a price decline is TFUEL. Uniquely, this crypto is showing a trend support this week.
This means that even though he will experience a price decline, it will only be temporary. Then, he will reverse direction and step up.
TFUEL is used to support on-chain operations such as payments to relays for sharing video streams, or for deploying or interacting with smart contracts. Today, TFUEL is moving at the lowest level of IDR4,720 and the highest price of IDR5,570.
Chart TFUEL/IDR
- Hedera Hashgrap (HBAR)
Next, there is the HBAR which will experience a price decline. This crypto has also only been listing for about 1 month on Indodax. However, during the next week there will be a decline in prices.
Hedera Hashgraph is a public network that allows individuals and businesses to create powerful decentralized applications (DApps). This crypto asset is also referred to as the “internet trust layer”.
HBAR is designed to be a fairer and more efficient system that removes some of the limitations that older blockchain-based platforms face – such as slow performance and instability.
HBAR sold for IDR 4,500 for the lowest in today’s trading. Meanwhile, the highest price was IDR5291.
Chart HBAR/IDR
- Polkadot (DOT)
Finally, there is Polkadot (DOT) which will experience a price decline. However, the DOT may experience support and reverse upward, after touching the low this week.
In today’s trading, the lowest price for DOT is IDR 556,000 and the highest price is IDR 663,728
Chart DOT/IDR
NOTE: If EMA 5 crosses the WMA 75, 85 and EMA 200 lines and these lines intersect from bottom to top, then 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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