Dfiusdtsignals
DFI from a broad technical perspectiveI know fundamentals and news events often overrun technicals - especially in the crypto-verse. But the look from a pure TA long-term perspective on the DFI/USD(T) chart bears a very bullish opportunity.
`
Prices of 1 USD (or a bit more?) until the end of this year? At least it's possible.
DFIUSDT testing the 1D MA50 with strong break-out sentiment*** ***
For this particular analysis on DeFiChain we are using the DFIUSDT symbol on the KuCoin exchange.
*** ***
The idea is on the 1D time-frame where DFI has been on Lower Lows since July 02 and is on a 3 day rally attempting to see if this will materialize a Lower Highs trend-line of a Channel Down. What's standing in the way now is the 1D MA50 (blue trend-line). A break above should test the Lower Highs and confirms if this is a bearish Channel or not.
This should coincide with a 1D MA100 (green trend-line) test, which should be critical for the long-term as this trend-line has been untouched since May 10 2022. A break above can potentially mean a return to the bullish trend, at least on the medium-term, until the 1D MA200 breaks. The bullish bias seem stronger as the MACD on the 1W time-frame is close to forming the first Bullish Cross since February 20 2022, which resulted in a +50% rise.
--------------------------------------------------------------------------------------------------------
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------