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DEFIPULSE INDEX / WRAPPED ETHER on Ethereum (4D5EF5...059991)
Long

Why I am on bullish DPI?

By don_daryl_20
Updated
Fundamental 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 AAVEYFIUNISNXCOMPMMKRRENLRCKNCBBAL


Technical Analysis

  • From Nov. 5 to Dec 11, DPI price had higher lows - bullish signal
  • Double bottom (encircle in red) - bullish signal




Comment
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
Support and Resistance

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