DEFIPERP
DE-FI DEFIPERP - Bullish rectangle / continuation pattern- On the chart we can clearly see a bullish rectangle, that is currently breaking up to new all time highs
- From the previous big crash, we are now above 0.618 fib, which is bullish
- This is good news for DE-FI space and coins, for example - ALPHA, AAVE, UNI
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DEFI BULLISH MOVEMENT !!Hello Traders
As you can see in the chart above, it seems that price has broken the trendline more or less. Tho I suggest multiple entries on this one.
On the other hand, RSI is showing a bullish divergence and a middle support zone.
So I expect the price to rally and reach the selected area. Watch out for weekly and monthly Resistances tho.
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What is your opinion? Comment below.
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LONG TERM EXPECTING DEFI PRODUCTS YEARNS WILL CRASH HUGE - Be ALDepending on my new study at Defi products, expecting at long term huge crash.
We have seen more a great increase trend on this defi coins - Made by hype trends and fomo effects. when i did study this new hype Defi as yearns, i come to the conclusion that this will be not for long term, and expecting we will see soon a huge crash / what even possible to go 2K at long term.
Be alert with holding products as DEFI. its my personally expecting, and you should do your own study.
--> personally protixder will never hodl yearns.
I am not saying this out of nothing, I have valuable information on which I base on it.
This mean noting for day traders, as we know as day trader you can trade every day with stoplimit.
- This are the expecting idea for long term YFI.
Have good time all (:
How far can this pullback go & KEY support levels to watch*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I may also own or trade any of the symbols and cryptocurrencies mentioned in this video so do not make your trading or investing decisions based on this video. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky. Affiliate links are also included in this same video description section here and if you decide to support me by using any of them, I may receive a referral bonus or commission.
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Another attempt to break THIS resistance & where can it head to?*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I may also own or trade any of the symbols and cryptocurrencies mentioned in this video so do not make your trading or investing decisions based on this video. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky. Affiliate links are also included in this same video description section here and if you decide to support me by using any of them, I may receive a referral bonus or commission.
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DEFIPERP - nice rally and now at resistanceMy Wall Street Cheat Sheet chart idea was cancelled by this delicious rally from DEFIPERP.
Barely looked for support on the way up, as far as I can tell, following BTC rally? Or just exhausted sellers.
Would like to get in at one of the support levels with a stop loss but not sure if I'll get the chance until we see a BTC correction or a wider change in the market.
This is a nice way to get some exposure to DEFI without buying individual shitcoins.
$DEFI, Reflecting what is happening across Alts market..$DEFI
Reflecting what is happening across Alts market.. (a good way to get exposure to 25 assets in one!Smiling face with smiling eyes)
Breaking from descending channel w/ UCTS Buy signal on the daily timeframe
Continuation over this level (R/S flip / volume) could allow further growth toward ~2400
#DEFI https://
11.11.2020 - DeFi IndexHi Traders!
Today, in the analysis, we will look at the DeFi sector, ie decentralized finances. If we want to characterize the year 2020 in terms of cryptocurrencies, it would probably be the year of COVID, halving, and the just mentioned DeFi. Decentralized finances turned out to be great this year, and it was these cryptocurrencies that were a sign of summer growth. This sector grew the most in the summer.
But what do we see on the chart? Do we see any specific coins? You can currently see the DeFi index on the chart. This index includes essentially all cryptocurrencies that somehow fit into the DeFi sector. So instead of watching each chart separately, we can monitor the entire industry on one. As is clear from the chart, we experienced huge growth in the summer, which was later replaced by a decline. Within 65 days, the entire industry fell by 60%.
However, in this chart, we can also see the change and impulse. The whole DeFi eventually returned exactly where it started. On the chart, we see strong support and a falling wedge pattern. Last week we broke this pattern upwards, which was also seen on specific altcoins. It was a very important first impulse to make a difference. Are we at the bottom? Is the correction complete? Is it worth jumping into DeFi again? We don't know if we have reached the final bottom at this point, but we have interrupted the 65-day downtrend anyway, so we can wait at least a few days and maybe weeks of growth.
May the crypto be with you!
DeFi Tokens Aren’t Taking Part in This Bull Run YetWhile Bitcoin is in its strongest bull market since 2017, DeFi tokens have actually been selling off.
Bull Run and Subsequent Correction
This year was terrific for the DeFi tokens until September; some grew by more than 5,000% from January 2020. The DeFi Index we are analyzing was created towards the end of June, and therefore we are unable to showcase the entire uptrend. However, we can see the end of the bull run, which occurred this summer.
On September 1st, the entire Crypto market experienced a pullback, and amid a few exceptions (e.g. THETA, BNB), all coins stayed at lower levels for the rest of the month. In October, Bitcoin started gaining strong momentum, rising around 28% and closing the month at a yearly high – that's when the main divergence between Bitcoin and the DeFi tokens appeared. While Bitcoin continued to grow, the DeFi tokens intensified their sell-off, reaching their July levels at -60% from the all-time high.
Where to Next?
We currently appear to have bounced off the $1,375 level, which acted as support throughout the end of June. The support at $1,375 is the last level that we can see on this graph (due to the index's relatively recent arrival). Therefore if it breaks, we will have to look at the individual tokens to identify other support levels.
As the DeFi tokens' price are not correlated with BTC and the rest of the market at the moment, it is hard to tell what will happen next. Today the tokens did follow Bitcoin in its bullish day, but whether they will continue to follow is still uncertain. However, if you believe in the DeFi tokens' fundamentals, then this is an extraordinary opportunity to buy some at a 60% discount.
Level to WATCH for either more downward or reversal price action
*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky.
*Follow me for the latest cryptocurrency analyses on my watchlist
*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
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Next levels of support and possible signs of reversal to watch*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky.
*Follow me for the latest cryptocurrency analyses on my watchlist
*Thank you to those who donated, I very much appreciate it.
*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.