AAVE | May - June surveysApparently the price returns to touch the VMA after having made a triple low above $ 300.
What will happen now?
Will the movement be strong enough to end the month hitting $ 400 again?
We come from a sustained (and consolidated) correction movement that has been taking place since around the beginning of March and that in some way is a good consolidation zone...
On the other hand: it may just correct that downward movement that we have brought since February. The odds are there.
Who knows? At stake are the approximate marked lines.
Thanks.
Defiusdt
DEFI PERP - ROUND 2 INCOMING ; wave 2 or 3? pamp itDEFI PERP - ROUND 2 INCOMING ; wave 2 or 3? pamp it
just been looking at this today so thought id share
bags i want from this index;
REN, SNX, TOMO CRV, SRM, SUSHI, AVA X, AAVE
the others seem to have gone up much more which makes me think they have less in the tank to go naturally. but it could be these ones just suck.
catch up time i think.
its the future of france!
glhf
DEFI Index - bullish continuationDeFi has been the hot topic of this bull run but in the past days as the market tanked DeFi followed showing that it is still deeply connected to the trend set by BTC. As most of the other assets it also shows potential to continue its upward run in the next days, the upward trend started in January hasn't been broken and the index seem to fluctuate mostly in the range between 2300 and 1880, as was doing before its peak. this phase can be seen as a consolidation phase after which it could once again challenge the resistance at 2600, if this attempt is going to be successful will be highly dependent on the moves of BTC that still have to lead the charge. Looking at the volume is evident how after a huge sell off it underwent a steep decrease possibly highlighting uncertainty in the traders.
$DEFI/USDT 6h (Binance Futures) Falling wedge breakoutDeFi index is still bullish to me, especially after that break-out, let's join the up-trend!
Current Price= 2328.0
Buy Entry= 2330.2 - 2276.2
Take Profit= 2654.8 | 3031.4 | 3662.0
Stop Loss= 2068.1
Risk/Reward= 1:1.5 | 1:3.1 | 1:5.78
Expected Profit= +30.54% | +63.24% | +118.00%
Possible Loss= -20.42%
Fib. Retracement= 1 | 1.414 | 2
Margin Leverage= 2x
Estimated Gain-time= 360 hours
DEFIUSDTPERP future in long termDEFI is the most hot object which is magnifies with pro investors, the whitepaper is and main idea is going to solve almost each problem and its future is even more bright than the sun!
in the technical state the chart needs a correction or a range for the time and after that goes to the moon while BTC is giving profits DEFI is heading to moon you can have my word
DEFI is the future
SRM / USDT On his way to Price Discovery ... Technical Analysis As we saw on our previous analysis, SRM / USDT is another amazing DEFI project that is on the verge of something huge.
Now we successfully closed the week above the neckline and are heading to the first target... I believe we will see a very strong expansion phase, specially with the bullishness of the weekly closure that we had !
- Broke out of it's accumulation phase ( W pattern) with strong volume
- Closed the week above the neckline, retested it and bounced on it, which confirm that the bulls are in control
- There is not strong resistances till price discovery
- A lot of hype on DEFI project
- Bitcoin is ranging, so it let space for altcoins to express themselves
The content covered in this publication is NOT to be considered as investment advice.
Thank you all,
If you enjoyed this analysis please mark a thumbs up and do not hesitate to share your point of view in the comment section.
Have a Good day and Safe trade
Butterfly .D
/Metamorphose your portfolio/
DEFI Crypto INDEX 11th DecHi
here we have analyzed the DEFI which is the decentralized financials index which is acting like and index to the altcoins world
here we can simply see the downtrend in our price action analysis
it means we have chances of falling the main coins or top 15 coins in few days and then it is the right time to buy them and wait for their rally back up to the highest points
please mention your analysis in the comment section so we can have a better understanding of each other and trade together
thanks
DEFIUSDTPERPDEFI has faced a significant rally but did u lose this profit ? in amateur visions will be yes but in our teams perspective its great to catch its pullback AND its next jump the chart simply need a rest as correction and goes for more because the chart will be clearer and clearer every second its not a lose of profit its increasing the safety of our contracts
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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