Why I am on bullish DPI?
Updated
Fundamental Analysis
Technical Analysis
- What is DeFi Pulse Index (DPI)? - DeFi Pulse Index (
DPIDPIWETH) is a capitalization-weighted index of top decentralized finance assets. In other words, you can get exposure with top DeFi assest without actually buying the indivdual asset. - The Team Behind - "DeFi Pulse Index (DPI) was built by the two of the most credible names in DeFi. Tokensets and Defi Pulse
- DPI Underlying Tokens
AAVE
YFI
UNI
SNX
COMPMMKR
REN
LRC
KNCBBAL
Technical Analysis
- From Nov. 5 to Dec 11, DPI price had higher lows - bullish signal
- Double bottom (encircle in red) - bullish signal
Note
Additional Technical Analysis* Price made higher low while RSI indicator made lower low (green trend line) - hidden bullish divergence
* Also noticed that every time RSI breaks 53, price tends to increase significantly
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