CREDIUSDT trade ideas
Credefi, bullish soonCREDI/USDT (Credifi)
Sector: RWA
Market Cap: $14M
Credefi is an innovative lending platform that offers crypto lending, collateralized with real-world assets. The token was launched in December 2021 and consolidated thereafter, although we did see a return of attention very early on compared with the rest of the market, in early 2023.
It was in March that the big breakout of the Bear Market resistance level took place, followed by a big push to the upside. We are now in the process of digesting this upswing and consolidating in a descending wedge pattern, which is a bullish structure.
We'll certainly need more consolidation before we can validate and bullish reversal, but this RWA project is probably very undervalued right now, with a Market Cap around $15M. The former major resistance level could prove to be a very could support and a great buying opportunity if we manage to structure above it.
Credifi_finance is breaking outCREDI weekly is a rocket ship reflecting massive support for the testnet launch next week including NFT bonds & staking/burning supply If CREDI ends up getting the massive support and adoption expected it would not be a huge ask to land in the top 200 by Market Cap That's a 20x from here!! NFA DYOR
Credifi winding up for a higher perchCREDI 2hr higher bottoms are raging price towards resistance again and with a push on higher volume could breakout one of these next attempts On the breakout with little resistance ahead price could land around 0.011 to 0.013 for the next stop on CREDI recovery path
CREDIUSDT Analysis August 9, 2023We have become Super Bullish on Credefi, CREDI for swing trading on the 1-DAY timeframe. Next strong Resistance Level is ($0.00415) and the 200-Day Moving Average, we tapped it and bailed in the past few hours.
What is credefi...with credefi, you can access reliable loans backed by a range of real-world assets, including real estate, future receivables, and more.
#FollowTheSignals #RipOrDip
Not Financial Advice...Trade with Confidence and Control.