Get started

DFI

DeFi Is Testing The Highs: Can Break Out Any Time!DeFi Chain from Julian Hosp is currently testing the highs of the Equilibrium between 3 & 4 Dollar psychological. It's a very significant EQ range since it's been tested 3 times both to the up & downside on the Daily, this is the 4th test currently to the upside. => A break can result in significant follow-through up to 5 & 6,5 Dollars given the previous bull pole, so another 25% to 60% rise. If the break to the upside fails, we will stay in the Equilibrium range (obviously). A look to the Weekly chart shows the strength of the bull pole clearly: It's a 2000% move up since the lows at 20 cents, and therefore, the probability of continuation is a lot higher. As always, the bullish continuation requires correlation to the rest of the crypto market & especially grandpa Bitcoin to stay positive. Some fundamentals : They just recently burned 156 million tokens (worth around $400 million). They have around $500 million in assets on their platform and around $170 million in top line revenue in Q1. You can read more here: www.linkedin.com
Long
by Edgy_
1
DFI.Money (YFII) vs TetherUS (USDT) Targets Up To $8,600YFIIUSDT (DFI.Money) is looking really good now that it is trading above the Nov. 2020 peak price. This resistance level was conquered yesterday (yellow on the chart). Today we are having a continuation of this move and the next target is sitting at $3880. We also have $5685, $7487, and $8600 depending on how things go, but it looks like this can go on for long. The $2300 - $2700 price range should work great as support if prices drop and consolidation needs to take place before moving higher, this is the main support level followed by $2000. YFIIUSDT is looking bullish as well as YFIIBTC. Thanks a lot for reading. Namaste.
YLong
by AlanSantana
4