Hello all! This time, Indodax Academy again discussed 5 bullish crypto assets and 5 bearish crypto assets in the Indodax Market Signal edition for the fourth week of March 2021.
Although not all crypto assets have increased, there are also some crypto assets that have increased significantly, for example, such as BAT and BTT.
Although not all crypto assets can be predicted, we hope this article can help you to trade more confidently on Indodax!
Here are 5 crypto assets that are bullish and bearish on the Indodax market.
5 Bullish Crypto Assets This Week
- Bitcoin (BTC)
As usual, BTC with its towering price is back performing well. This has further strengthened BTC’s call as a safe haven asset.
As mentioned in the previous Indodax market signal article, BTC was bought by several large American corporations, thus affecting the price increase. One of the well-known companies you might know is Tesla, Inc.
On today’s trade, the lowest price of Bitcoin was IDR 825,050,000. Meanwhile, the highest price reached IDR 851,597,000.
- Ethereum (ETH)
Secondly, Indodax Market Signal has mention a crypto asset that is no less popular than BTC is Ether. Less than 2 weeks ago, ETH hit an all-time high, you know!
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.
In addition, the price of ETH has continued to increase due to the increasing number of other digital tokens using the Ethereum system. Who would have thought that this had an effect?
In today’s trade, Ethereum was sold with the lowest price of IDR 25.8 million and the highest price of IDR 26.5 million.
- BitTorrent (BTT)
Third, the crypto asset that is bullish is BTT. This increase is one of the most eagerly awaited by Indodax members, considering that the BTT price during 2020 has stagnated below IDR 10, –
Who would have thought that now the price would reach Rp. 52, -. If you bought BTT 2 months ago, you can make a profit of more than 100 times, you know!
- Basic Attention Token (BAT)
The next crypto asset that has experienced price increases is the Basic Attention Token (BAT).
On March 17, 2021, BAT has increased by 32.8% with a price of IDR 14,443. Then on March 18, 2021, the BAT price went up again to the price of IDR 17,874.
This increase is quite significant, when compared to the BAT price on March 1, 2021, only Rp. 8 thousand.
Today, BAT’s price stands at Rp. 17 thousand.
- THETA
The crypto asset that has seen its next increase in price is Theta. Today, THETA price rose 14.1% to Rp 144,103, –
THETA itself is a decentralized open source video delivery network with its own blockchain. Theta aims to solve the problem of the video streaming market in the existing industry by using its blockchain technology.
So, it is designed to incentivize bandwidth sharing, attracting users to actively attend and work for the Theta video streaming ecosystem.
5 Crypto Asset will Bearish
Indodax Market Signal mention 5 crypto assets will bearish on this week.
- OKB
Same as last week, the crypto asset that experienced the first bearishness was OKB.
With its sloping chart, OKB continues to experience significant increases and decreases in prices during the day. So, even though the price seems down, you can still make a profit in a day, you know!
With the swing trading method, you can buy and immediately sell a crypto asset for a short period of time.
- XinFin Network (XDC)
The next drop in or bearish crypto asset is XDC.
The XDC token is the underlying utility token that powers the XinFin Hybrid Blockchain. The XDC token acts as a settlement mechanism for DApps built on the XinFin hybrid blockchain.
- DASH (DASH)
Next, the crypto asset that has experienced a decline is DASH.
One of the pioneers of this crypto asset has seen a decline in the past week. In some countries, DASH is used as digital money that can be shared and quickly via the internet for everyday life. Due to low fees and fast transactions.
Even so, the price of DASH today is Rp. 3,230,000
- Saffron Finance (SFI)
Just like last week, the next dropping 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.
Today, SFI’s price is at IDR 23,489,000.
- REN
Finally, there is REN, which has experienced 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 15,338 and the highest is IDR 15,911.
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.
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.
