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DEFIPERP

APEX Exchange (APEX), time to get in?Long APEX Exchange - my favourite DeFi exchange for leverage, by far! I can't see why Apex not will be a big winner when the real bull market comes. When it comes to user experience, Apex is the only DeFi exchange (for perpetual trading) that I like. Apex have printed a Higher High on daily time frame. I think this is the beginning before the real break on the weekly time frame. The chart looks nice and I will probably find a small position that I could hold for a while. I have conviction in Apex and I will enter a small position for long time hold. Wait for the weekly break if you are more conservative than me. Again, non financial advice - I really like the exchange.
Long
by TaTaTaCrypto
TRADE ALERT - LONG JOEYes, I know. The altcoin market is very nervous. And rightfully so. But Defi does especially well comparatively when regional banks are faltering. Right now, regional banks (KRE) are moving down and becoming weaker once again. Could we see more defaults? Probably. But this isn't about regional banks is it. We're looking at JOEUSD, a nifty little Defi play. So, aside from fundamentals, let's take a quick look at what the technicals might be showing us here: #1. Bullish divergence on the RSI. And everytime we hit that slowly ascending RED TL, price moves up rapidly. I like the probability here. #2. Price support on that RED TL which intersects with a nice level AND the bottom of that triangle, making it a huge area of confluence where support is strong. #3. That triangle though. I have entered here at .265 and will be pulling profits along the way (especially at those moving averages). Final target is around .45 with a SL at .235. This is not financial advice. Just showing you all what I am doing here. Best, Stew
CRYPTO:JOEUSDLong
by stewdamus
$DEFI is toast: nice short...I think we are likely to see a massive move down in DeFi names, the contract issued by FTX is a nice way of riding the eventual move down, which can be magnified if we get some large protocol issue, or some unexpected black swan event causing a cascading decline of epic size as a gigantic levered bubble bursts. It is likely the best short in crypto, to profit from the bear market we are in. Best of luck if going short. Cheers, Ivan Labrie.
FTX:DEFIPERPShort
by IvanLabrie
2
Kyber Network Legacy Crystal - [Lifetime Triangle] STLFRPThis triangle pattern which has a hidden gigantic cup & handle inside of it has been developing since the infamous 2017 Alt Coin Rally. $KNC is the most honest brand in cryptocurrency today. 2021 Included mentions via St Luis Federal Reserve + Hand selected as a top tier leader in the Defi space by 3 Arrows Capital. This is what transparency looks like. * Price target shown pending possible breakout to the upside.
COINBASE:KNCUSDLong
by Wayne_Enterprise
8
SNX/DEFI : Banana of BloomWhat is this chart? Essentially, it shows the performance of SNX vs an index of 25 Defi coins, such as LINK, SOL, CRV, etc. We're looking at a few things: First off, it's clear that SNX has massively underperformed the DEFIPERP index as a whole. With some rare, short-lived exceptions, it's been in a downtrend since Jan 2021. Second, notice the rounded bottom. This, alone, is an indication of a potential reversal. Yellow channel (🍌) points to increasing volatility, which would make sense given SNX' history and the extended accumulation spanning over half a year. Keep in mind this doesn't chart the price per se, but more of a strength/weakness compared to other Defi coins. What does this mean in practice? Should Defi coins go up, SNX should see more gains compared to others. Should Defi coins go down, SNX should see smaller losses. That is all, no buy or sell signals. Don't ape in. Simply a bullish bias over the upcoming months. PS: This is not financial advice.
FTX:SNXPERPLong
by SenhorCoconut
SNX/DEFI: Slumber's EndSNX is stuck in a massive 6-month long falling wedge against the DEFIPERP index and it looks like it's gearing for a breakout. I marked some areas of interest where I will be looking to rotate out of SNX in between cycles. It's hard to estimate when such targets could be reached however. Certain catalysts, like the futures launch, could send it flying in a short burst. I actually expect that SNX will continue with this pattern of spike and slow bleed over extended periods of time. It's soul-crushing, a MM recipe's for making millions repeatedly. PS: This is not financial advice.
FTX:SNXPERPLong
by SenhorCoconut