Defi vs ETH - Beautiful RSI breakout!Look at that beautiful pattern on the RSI!
Bullish!
It just finished retesting the trendline to confirm the breakout.
DPIWETH_4D5EF5 trade ideas
DEFI index looking GREAT against ETH!We just broke the weekly RSI resistance.
I'm very surprised the BTC dominance is actually going down now.
The TA on DEFI/ETH is VERY bullish!
DEFI vs ETH - DEFI SEASON Bull run coming?Look at that BEAUTIFUL WEEKLY BULLISH DIVERGENCE!
That means, just be patient.
Reversal coming soon!
DEFI SEASON coming soon.
DEFI vs ETH - Ready to explode?Look at that crazy bullish divergence on the RSI!
I really hope we break UP and not down. But nothing is guaranteed.
DPI Springdefi opulse index is very devaluated compared to eth, prices is currently sitting on a phase C spring that could possibly start a new defi season back to the top of the range.
Convert your ETH to DEFI mid-late September before the PUMPDEFI coins will pump soon! I would say mid to late september.
Keep for 1-2 months before converting back into ETH
DPI/WETH Macro LongDo you reallllyyyy believe in DPI over ETH at these levels? Might be able to keep it simple and bet on a slow ride back to the top of the HTF channel. Would enter on a upwards departure of the current demand zone we're in with a stop-loss paired with a downward departure of the demand zone. Could see this occurring if an heavy inverse correlation starts to form between DPI and ETH. Now let me see some of your ideas!
DPI/WETH Short v2At a weird place in the chart right now. Looking for a stall in the climb around .236 fib level on the fib macro channel I have here. I would enter around the .236 level if any signs of a stall. Have tight stop-loss with 1st target being the nearest demand zone. This play would be betting on the HTF downtrend continuation with this recent rally just being a little breather. Good luck!
DPI/WETH Long v2Looking for a macro reversal supported by a bullish reverse head and shoulders pattern. Entry at break of neckline with a tight stop-loss. Target is nearest overhead supply zone around .185. Only enter if second shoulder is formed with a clear break of the neckline. Good luck!
DPI/WETH ShortWould only play this if ETH looks weak betting on DPI being weaker. Don't think there is enough chaos for indirect correlation ATM. Would enter short at break of HTF support with a stop-loss on LTF resistance break. Target is bottom of local channel. Would start rolling out around .118. Good luck!
DPI/WETH LongLooking for a long entry on the retest of recent HTF lows. Possible cup and handle with the handle bottoming out at HTF lows, best case scenario. I would enter with proof of pattern with a semi-tight stop-loss at the handle bottom. Would only play this if ETH looks relatively strong betting on a stronger DPI. Target is closest overhead supply zone around .185. Would start rolling out around .17. Good luck!
DEFI will outperform ETH until late JulyGet your favorite DEFI coins while they are hot!
Sell back to ETH early August for Max profit!
DeFi World PerformaceThis is the chart comparing all DeFi tokens in the Defi Pulse Index (DPI) with ETH.
If you want to buy all, buy DPI with moderate performance.
UNI, AAVE, LRC, MKR outperform DPI YTD.
DeFi Pulse Index vs Ethereum - Which Will Go Up Faster?Take a look at the DPI lately. By the way, that's the "Ticker symbol" too = DPI, for DeFi Pulse Index , if you're searching for it on uniswap or 1inch exchanges.
You can also go over to TokenSets and purchase "shares" of this Index. They're about $200 USD rn. I believe this set was created by the DeFiPulse.com peeps. Very cool site.
It's just a (weighted by Market Cap) Index for DeFi. Personally, I'm banking that DeFi will lead the charge here on the ETH (and Alt Coin) Bull Market. It just makes way more sense (and money) to invest your cash into DeFi protocols, rather than a Savings Account, Bond, or some other lousy Mutual Fund.
Now, I'm not sure if MKR, SNX, and AAVE will all keep mooning, but...they prob will. All of these coins should take off 🚀☝️🌜
Look at its movement over the past week or so on the hourly.
And this is against ETH (!).
Not financial advice, etc.
DPI (DefiPulse Index) Bullish Momentum BreakoutBullish on the USD pair, and possibly found a bottom on the ETH pair with a strong reclaim of November 2020's bottom.
Riding this to wherever the trend takes me.
Why I am on bullish DPI?Fundamental Analysis
What is DeFi Pulse Index (DPI)? - DeFi Pulse Index ( DPI UNISWAP:DPIWETH ) is a capitalization-weighted index of top decentralized finance assets. In other words, you can get exposure with top DeFi assest without actually buying the indivdual asset.
The Team Behind - "DeFi Pulse Index (DPI) was built by the two of the most credible names in DeFi. Tokensets and Defi Pulse
DPI Underlying Tokens $AAVE $YFI $UNI $SNX $COMP $MKR $REN $LRC $KNC $BAL
Technical Analysis
From Nov. 5 to Dec 11, DPI price had higher lows - bullish signal
Double bottom (encircle in red) - bullish signal
DeFi Pulse Index - Breakout from descending wedgeUNISWAP:DPIWETH
DPI has been pretty good to LPs since mid October, oscillating around the 0.17ETH level and keeping impermanent loss fairly minimal. With BTC making another attempt at ATH there is a chance for alts to outperform majors and see a decent break up and out of the descending wedge. Entering long DPI here presents a good risk defined opportunity, with stop either tight to the 0.17 level or below the most recent daily pinbar depending on your timescale.
Of course you can always stay providing liquidity to the ETH/DPI pair and just harvest the volatility!
