Indodax market signal still shows 5 crypto assets that are up or bullish and 5 crypto assets that are bearish. Good news for those of you who keep top cryptos.

In the next week, some of the top crypto-assets such as Bitcoin and Ethereum will post yet another price increase. This continues the price movement last week. Like Ethereum which recorded the highest price increase in history (all time high / ATH). Ethereum is also predicted to continue to strengthen this week.

Likewise, BitTorrent (BTT), experienced a fantastic price increase last week. The increase is also likely to continue this week.

Meanwhile, crypto-assets that have experienced a bearish price decline are DeFi-based crypto assets and stablecoins from the Euro and Singapore Dollar.

Here are 5 crypto assets that are bullish and bearish on the Indodax market.

5 Crypto Assets Bullish on This Week

• Bitcoin (BTC)

The crypto asset that rose first was Bitcoin. This crypto is the most popular crypto in the world and has not been replaced until now.

Bitcoin still hasn’t reached its highest price of IDR 880 million. Currently it is still moving around Rp. 850 million.

Some time ago, corporate companies continued to provide Bitcoin payment features. It is considered that this will increase demand so that it will increase prices.

In today’s trading, Bitcoin moved from a low of Rp.831,871,000 and a high of Rp852,445,000.

• Ethereum (ETH)

Second, the crypto asset that will go up is Ethereum. Even though it has touched its highest price, Ethereum is also likely to experience another price increase.

The increase in the price of Ethereum occurred because the world’s largest bank company Visa created a blockchain network on top of the Ethereum network.

In addition, the Non-Fungible Token auction system that uses Ethereum a lot also makes the price increase. These two conditions caused the demand to increase so that the price also broke a record.

As of today, the Ethereum price is at the lowest level of Rp29,016,000 and the highest price is Rp30,535,000.

• BitTorrent (BTT)

Bittorent (BTT) is a crypto asset that will rise this week. Same with Ethereum. Even though it has touched its highest record and increased fantastically, BTT is still likely to rise again.

Bittorrent moves to 3 digits or is sold for hundreds of Rupiah. Previously, BTT was only sold for IDR 4.

In today’s trading, Bittorrent’s lowest price is IDR103 and the highest is IDR190.

• Tron (TRX)

The next rising crypto asset is Tron (TRX). This crypto is a crypto that has the same line of business as Ethereum. Namely providing a network to give birth to new cryptos.

The increase in price has now exceeded Rp1,000. After staying for a long time at only Rp. 400 to Rp. 700 in January 2021.

TRX’s lowest price today is IDR1551 and the highest is IDR2020.

• EOS

Finally, the crypto asset that has experienced an increase in price is EOS. This crypto has almost the same line of business as TRX and ETH. They provide a network for the birth of decentralized apps or new cryptos.

EOS is moving today with the lowest price of IDR 80,721 and the highest price of IDR 92,398.

Here Are 5 Bearish Crypto Assets This Week

• Sushiswap (SUSHI)

The crypto asset that experienced the first price drop was SUSHI. This DeFi-based crypto seems to have to end a period of continuous rally or price increases.

SUSHI had experienced continuous price increases in January 2021. Unfortunately, SUSHI’s time was over. This crypto is likely to experience a decline this week.

Today, SUSHI is moving with the lowest price of IDR217,579 and the highest price of IDR226,000.

• Efforce (WOZX)

The next drop in or bearish crypto asset is Efforce (WOZX). This crypto is a blockchain project with the Efforce.io platform. They run energy efficiency projects.

Unfortunately, this project had to be abandoned by its developers and investors. So that this week the price is likely to go down.

The lowest price for WOZX is IDR 22,800 today. Meanwhile, the highest price is IDR 25,400

• XSGD

Next, the crypto asset that is experiencing a decline is XSGD. This crypto is a stablecoin crypto from Singapore Dollar which is converted into Rupiah. This week, XSGD will experience a price decline.

The decline in the price of the Singapore dollar and the instability of the global economy caused the price of this crypto to decline. It is the same as several other currencies which are still recovering due to the pandemic.

Today, XSGD is moving at the lowest level of IDR10,810 and the highest price is IDR11,005.

• Statis Euro (EURS)

Crypto asset that is going down or bearish next is Static Euro (EURS). This crypto is a type of stablecoin from Euro to IDR or IDR. It is possible that this week the price will also decrease.

The cause is still the same as XSGD. Due to a weakened currency due to the pandemic. EURS sold for IDR17,100 for the lowest in today’s trading. Meanwhile, the highest price reached IDR 17,450. 

• RAVENCOIN (RVN)

Finally, there is Ravencoin (RVN) in crypto that has been bearish or falling in price during this week. This is because RVN was abandoned by its developers and investors.

RVN is still no capable development of technology. In addition, there is still no prospect of increasing the price.

In today’s trading, the lowest price for RVN was IDR2,666 and the highest was IDR2,822.

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.

ATTENTION: All content which includes text, analysis, predictions, images in the form of graphics and charts, as well as news contained on this website, is only used as trading information only, and does not constitute a suggestion or suggestion to take an action in a transaction whether to buy or sell certain crypto assets. All crypto asset trading decisions are independent decisions by the user. Therefore, all risks arising from it, whether it is profit or loss, are not the responsibility of Indodax.