DEFI: Looking Good..several DeFi coins rebounded nicely like YFI and LINK...if we can get above $13.1K, we should target ATH and the 1.618 fib ($17.5K).
DEFIPERP trade ideas
DEFI , next bull run about to startsometimes one line is enough, daily consolidation is done and right now we are retesting it , also rsi bearish trendline broke , if daily candles manage to hold then we will see the next bull run
dont forget to choose strongest fa tokens
DEFI PUMPThe entire defi ecosystem is about to experience massive pumps. Expecting 22-25k on the index
DEFI: Consolidating Before Next Major Run?DeFi is around $50bn, which is peanuts compared to its potential for disruption...this space is in the early innings and i expect another major bull run soon.
DEFI Index, Triangle-Formation, How A Breakout Can Set-Up!Hello Traders Investors And Community,
Welcome to this analysis about the DEFI Index, we are looking at the 4-hour timeframe perspective, the recent events, the established formational structure, and what we can expect in the upcoming times. The DEFI Index since a ceratin time now is trading at a downside price-action however this bearishness is not completely strong for now which means the possibilities for a reversal are given, in this case now I discovered a very interesting formation that can lead to great breakouts when the Index shows up with the proper price-actions, therefore I detected all the important levels and likely destinies we should consider within the established structure and the upcoming movements ahead next times.
Structural Developments:
As when looking at my chart we can watch there how the Index developed this major descending-triangle-formation marked with the boundaries in blue, within this formation the Index has the coherent wave-count with the waves A to C already completed and with the wave D now running directly into the upper boundary of the triangle which is likely to be the origin of the main wave E the next times that also already begins to form at the moment. This wave E will protract and move on till there is support found in which the wave-count has the ability to bounce and back-up leading to a breakout above the upper-boundary and therefore to completion of the formation with activation of upside-targets.
Upcoming Determinations:
Taking all these factors into the consideration the Index has formed this major decisive formation that can lie ground for a great breakout, in this case, it is inevitably necessary that the Index does not fall below the lower-supports and increase with bearish pressure because such a price-action will invalidate the whole formation and bullishness is firstly out of sight. Taking all these factors into the consideration now it will be important the next times on how the Index completes the wave-count and how it manages a proper sufficient bounce in the given supports to complete the formation, till then we should keep patient and wait for these validations, it will be an interesting development.
Thank you everybody for watching the analysis, great contentment for everybody supporting, have a good day and good trading, all the best!
"The high destiny of the market is to explicate, rather than to speculate."
Information provided is only educational and should not be used to take action in the market.
Might not have set the low yet - Bearish bellow upper trendlineAlthough the market can consolidade and break to new highs, there's no confirmation that the correction is over yet.
DeFi index - wave structureIt is an axiom to trade with the dominant trend.
DeFi is heading strongly to the upside.
Local impulse is still unfolding, and it is highly likely that we get another strong bullish move to complete the primary wave 3, before we will observe a more complex corrective pattern
DEFI Index, Potential Flag-Formation, How It Completes!Hello Traders Investors And Community,
Welcome to this analysis about the DEFI Index, we are looking at the 12-hour timeframe perspective, the recent events, the established formational structure, and what we can expect in the upcoming times. When assessing the index it is necessary to notice that the divergence within the cryptocurrency market is increasing strongly these times, there are currencies looking rather bearish while others forming strong bullish movements, with the DEFI Index I discovered that it is actually forming a quite bullish formation that has the potential to show up with some great breakouts when it manages to complete the right price-actions, therefore I detected all the important levels and likely destinies we should consider.
As when looking at my chart now we can watch there how the Index has developed this coherent descending-channel-formation marked with the blue boundaries, within this channel the Index has the coherent wave-count developed with the waves A and B already formed and now with the wave C setting up as the Index already pulled back from the upper-boundary bearishly to the downside, this is likely to continue till there is support found in which the Index has the ability to bounce and increase again to possibly form a breakout above the upper-boundary, therefore it is likely to happen within the confirmational-bounce-cluster as there are coming several supports together. In this case, it is necessary that the Index does not move below the support again because such a price-action will invalidate the formation however when the Index properly bounces within the confirmational-bonce-cluster and after that forms the breakout above the boundary it will complete the whole formation and will be the origin of the wave C to develop within the schedule, it will be an interesting journey ahead.
Thank you everybody for watching the analysis, great contentment for everybody supporting, have a good day and good trading, all the best!
"Good luck is when opportunity meets preparation."
Information provided is only educational and should not be used to take action in the market.
Wanna Buy some Defi coins? Watch this!Just saw this crazy chart!
"DEFI-PERP tracks the price of a basket of Decentralized Finance coins, using a weighed average of the prices of KNC, MKR , ZRX, REN, REP, SNX , COMP, TOMO , RUNE, CRV , DOT, LINK, MTA , SOL, CREAM, BAND, SRM , SUSHI, SWRV, AVAX, YFI , UNI , WNXM, AAVE, BAL. Get exposure to 25 different coins with one future!"
This chart actually indicates the price movement of Defi Coins. This can be very useful if you want to buy Defi coins.
As we can see on the chart, the weighed average of the prices of 25 defi coins has been forming a bigger symmetrical triangle. We should watch for a break to the upside. that will be a good time to buy DEFI Coins.
Follow me for daily profitable trading setups
BTC dictates the market. If BTC goes down, then the alts will take a hit. Trade safe!
High percentage play for $DEFIPERP on FTX.DEFIPERP is setting up a strong pattern for a potential breakout over the next week or so. We know SHITPERP has already had a massive run so I'm expecting money to flow into other safer opportunities. This setup has decreasing volume so it is prime for breaking to the upside. Riskier traders enter at the apex of the wedges whereas safer traders might be better suited to wait for a break to the upside, retest, and confirmation moving upwards.
Alcoins in a critical pointThe 2 scenario, that of a typically more complex wave 4 would seem more likely to me, lower timeframes and other indicators (aside for volume) indicate the 1 scenario, in which we consolidate briefly for the beginning of a wave 5
DEFI Index, Develops Flag-Formation, How It Completes!Hello Traders Investors And Community,
Welcome to this analysis about the DEFI Index, we are looking at the 4-hour timeframe perspective, the recent events, the established formational structure, and what we can expect in the upcoming times. It is important to distinguish the index from other important currencies within the market as not everyone is forming such formations and there are currencies looking rather bullish while others forming more bearish constellations, in this case now the Index is in an indecisive zone however it has the ability to show up with some good potentials when the Index manages to develop the right price-actions, therefore I detected all the important levels and likely destinies we should consider within the established structure and upcoming movements.
As when looking at my chart we can watch there how the Index is now still within the range and recently begun to develop this main descending-channel-formation marked in my chart with the blue boundaries, furthermore the Index has the coherent wave-count within the formation and already completed the waves A to D in this flag which is also confirming to the major wave B in the structure. Now the next times the Index is likely to move on with the wave-development and run directly into this decisive confirmational-bounce-cluster where several supports coming together and therefore likely to indicate a bounce to the upside, when this bounce then is strong enough to break out above the upper boundary of the channel-formation this will complete it as a bull-flag and activate the major wave C in the structure from where the Index has the ability to test the upper levels of resistance and when the Index manages a solid stabilization within this zone it can even build up further and approach a wave-C-extension when it manages to sustainably close above the upper-resistance, it will be an interesting development ahead.
Thank you everybody for watching the analysis, great contentment for everybody supporting, have a good day and good trading, all the best!
"Good luck is when opportunity meets preparation."
Information provided is only educational and should not be used to take action in the market.
DEFI Index: Gearing Up...extremely bullish if we get above 12K...i expect DeFi to moon in the coming weeks.
DeFi Index Perpetual FuturesLooks like a wave 5 .
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Defi Index up onlyIf 12080 can turn support after brief pit stop, I think momentum can continue to carry this onwards. Hard to see anything but only up for the defi index anyway. Until the SEC comes along that is but, yolo.
Will BTC Follow the Leader?BTC has had a massive dump as of late and is now in the period of ranging or unknown price action. So we have to be a little more nimble here. The volatility can be your friend or your enemy as long as you play it properly. So what do we see happening? Well sector analysis can be very helpful. If we continue to see sectors like DEFI making higher highs on the 4H, we can expect the same from BTC. If we start to see most of them fail and make lower highs, then we can say the probability is increasing that BTC will also fail again.
We have had bullish divergences on the RSI for BTC, so we now need confirmation with a higher low.
I love using the FTX indexes for intermarket analysis. So watch DEFI, ALT, MID, SH!T, EXCH, PRIV, TOTAL, and TOTAL2. If more are breaking up than down, we can see breadth increasing in the market. The same is true if we see them breaking down.
Honestly it is just super cool to even talk about market breadth in crypto. Last year we didn't even really have that many sectors to analyze!
DEFI Index, Completes Broadening-Wedge, Upcoming Determinations!Hello Traders,
Welcome to this analysis about the DEFI Index, we are looking at the 6-hour timeframe perspective, the recent events, the established formational structure and what to expect in the upcoming times. Since the cryptocurrency market has shown up with increased bearish volatility to the downside it has not seen for a long time I discovered a meaningful formational structure the DEFI Index has formed these times and especially as it completed this decisive formation it is lying ground for the next determinations, therefore I detected all the important levels and likely destinies we should consider within the established structure and the upcoming movements.
As when looking at my chart now we can watch there how the Index completed this major broadening-wedge-formation bearishly to the downside after it fully completed the wave-count within the formation it has shown up with bearish protraction moving on below the 100-EMA in red to test the 200-EMA in green and this first ascending-trend-line which are two very important bullish reference points and when the Index moves below this will indicate the further bearish continuation especially as the index already completed the wedge-formation this is likely upcoming times when the index pulls back from the dynamic-resistance-cluster bearishly to the downside this will be the origin for the further bearish continuation. When the Index shows up with the expected declines the second ascending-trend-line in blue will be pointed from where a potential recovery can be possible otherwise when this does not happen the Index will continue bearishly below.
Traders the recent events show one more time how volatile the market is and how swiftly the dynamics can alter, therefore it is of high importance that we do not fall into the speculative approach mainly assessed too often these days, it is inevitable to rightly line-up within such phases to do not get overwhelmed by circumstances and also keep the reverse perspective. This is also the philosophy within the channel as we managed to properly hedge on the short-side entering rightly before the strong bearishness exaggerated to the downside. Now it will be important how the market develops here and if there comes potential recovery insight or a new bearish paradigm has established, it will be an interesting development ahead.
Thank you everybody for watching the analysis, have a good day and good trading, all the best!
"The high destiny of the market is to explicate, rather than to speculate."
Information provided is only educational and should not be used to take action in the market.
