Indodax Market Signal edition June 21st, 2021 features 5 bullish and bearish crypto assets. Interestingly, Theta and TFuel have continued their bullish trend over the last few weeks.
In the Indodax Market Signal on June 21st, 2021, the trend of altcoins still influences the price of Bitcoin. While the price of Bitcoin is still in a downward trend, even though it is not in a bear market.
Still the same as in the previous week, the Indodax market signal also listed 5 crypto assets that were bearish. QTUM, NXT and COMP are still showing a downward trend in prices this week, continuing the decline in prices since two weeks ago.
Let’s discuss what’s up and down over the next week.
5 Crypto Assets Bullish
- TFUEL (Theta Fuel)
The first bullish market is TFUEL in this week’s edition of Indodax Market Signal. This crypto asset continues the upward trend in prices where last week, TFUEL also entered a bullish market. The upward trend in TFUEL will continue for the next week.
TFUEL improves as technology upgrades from the THETA blockchain platform. Because throughout this year, THETA has indeed scheduled several technology upgrades.
The lowest price of TFUEL today is IDR 7,775 and the highest price is IDR 8,850
- Theta (THETA)
THETA also continued the upward trend in prices and entered a bullish market. Although the price increase in the past week, it is still not too significant to this day. In fact, it can be called stagnant.
However, THETA is still indicated to be entering a bullish market. The price increase factor is still the same as TFUEL. Because these two crypto assets come from one platform. The difference is only in utility.
The lowest price for THETA today is IDR 112,898 and the highest price is IDR 129,498.
- Xinfin Network (XDC)
Next is the Xinfin Network (XDC) crypto asset, which has experienced a price increase. It is observed that this cryptocurrency will continue the upward trend in prices from last weekend.
XinFin is an enterprise-ready hybrid Blockchain technology company optimized for international trade and finance. The XinFin network is backed by a native coin called XDC. XDC protocol is designed to support smart contracts, 2000TPS, 2 second transaction time, KYC to Masternodes (Validator Nodes)
On this day, the lowest price of XDC is Rp.965 and the highest is Rp.1,070.
- Monero (XMR)
The crypto asset that entered the next bullish market is Monero (XMR). This crypto has already given a signal to experience a price increase over the next week.
Monero has made some major improvements since its launch. Blockchain is moved to a different database structure to provide greater efficiency and flexibility, minimum ring signature size is set so that all transactions are private by mandate.
On this day, the lowest price of XMR is IDR 3,700,000 and the highest price is IDR 3,954,254
- Cardano (ADA)
Finally, there is Cardano (ADA) which will go up in the next week. The developer positions Cardano as 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.
In today’s trading, the lowest price for ADA is Rp. 19,151 and the highest is Rp. 20,340.
5 Crypto Assets will be Bearish on This Week
- NXT Network (NXT)
The market signal this time also discusses crypto assets that will be bearish. First there is the NXT Network (NXT). This cryptocurrency will continue the downward trend in prices that has occurred since two weeks ago.
Nxt is an open source blockchain platform and the first to rely entirely on a proof-of-stake consensus protocol. Launched in November 2013 and written from scratch in Java.
Today, the price of NXT is at the lowest level of Rp262 and the highest price of Rp289.
- Quantum (QTUM)
The crypto asset that entered the next bear market is Quantum (QTUM). This cryptocurrency shows a downward trend in price.
Quantum is an open source blockchain platform for proof-of-stake (PoS) smart contracts and value transfer protocols. It aims to unite the power of Bitcoin and Ethereum in one chain.
Qtum is built on the UTXO Bitcoin transaction model, with the added functionality of smart contract execution and DApps. Recently, the platform added support for DeFi apps.
The lowest price for SUSHI is IDR 101,502 today. While the highest price was Rp.112,997.
- BitTorrent (BTT)
Next, there is the Bittorrent crypto asset which will experience a decline in price over the next one week. BitTorrent is a crypto asset sharing platform.
BitTorrent was acquired by Justin Sun, a well-known blockchain developer who owns Tron and ANN. One of the most famous Bittorrent features is the download feature.
Today, BTT moved at the lowest level of Rp.39 and the highest price of Rp.43.
- Compound Finance (COMP)
Next is the Compound Finance (COMP) crypto asset. This cryptocurrency shows a downward trend in prices for this one week. It could be, COMP is being abandoned by the community because there is still no new event.
COMP has also shown a decline since two weeks ago.
Compound Finance is a well-known DeFi platform, after beating Uniswap a few weeks ago, in terms of volume. Compound Finance allows people to earn tokens by exchanging tokens using a decentralized finance system using the Ethereum network.
Today, COMP moved with the lowest price of IDR 3,800,000 and the highest price of IDR 4,357,057..
- Nem (XEM)
Finally, the crypto asset that has experienced a decline is NEM (XEM). NEM or new economy movement (XEM) is a Peer-to-Peer cryptography platform with Blockchain platform technology which was launched on March 31, 2015. Uniquely, NEM is written in Java and C++ programming languages. The coin evolved in March 2015 as a fork-out version of NXT, another popular virtual currency and blockchain payment network platform.
NEM sold for Rp1,955 the lowest in today’s trading. While the highest price reached Rp2,124
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.
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