TA: Divergence / TrendLines
Purple: BLACKHOLE BOTTOM SUPPORTLINE (sure if you owned 520,000 $RFI; Dump it i dare you)
Red: Fiscal Decision BOTTOM SUPPORTLINE (if you wanna FOMO into doge / shitcoin be my guest)
Blue: Resistance Trendline by the Elite Defi Chads waiting for the new paradigm (or bump an run)
Green: Rsi hidden Divergence / Sell Pressure disappeared... Gas is WEI TOO DAMN HIGH
This could be the Macro Bottom or a pile of dung if these parameters remain respected or destroyed
We were Listed on Bilaxy and a few weeks right after ran all the way up to ATH (3.17)
When most of the volume has been coming is from Uniswap
before its inception it has continued being the protocol of frictionless yield which is what the world has been waiting for where you are finally compensated for holding and storing your coins on an uncustodial wallet without the need of a 3rd party stake pool or liq pool product.
I am bullish on the project because its a fundamental buy created by the mechanism it executes where volume can maintain bullishness verses bearishness; if all users are enthusiastic of their buys knowing they can hold and earn off trades there after displayed on the Reflect.Finance Dashboard it has no problem climbing back to ATH(s) or near to it
Now here is something to think about; ETH just hit a new ATH of 1650 USD per coin at the cost of the new paradigm boom where everyone is excited to build and make money on this parabolic move... with DEFI and thats just the problem if everyone decided to make a fiscal decision and put in 100, 1000, 10000, 100000, 100000000 (millions of dollars) to escape the old traditional financial system of banking / trading / debt bubble (giga elephant in the room) thats going to drive alot of not only traffic / congestion / price action but (GWEI) Gas Prices way higher making
$RFI harder to purchase when already its a complex product to purchase with the need in how to work MetaMask and or Uniswap but people loving buying things they have no knowledge where who would of ever thought UNI was going to hit 20 now 50 looks brighter than ever. My question is how wealthy will the inside become when you can buy RFI on more CEX platforms with easier use and still executing fee distribution to all holders even on a CEX wallet.
Morpheus (Creator) thought his product wasn't going to go anywhere so he created $ELE as a side product with another usecase vs to the $RFI premiere usecase. No ELE isnt better or more special if anything $RFI is going to outshine all frictionless copy cats because it has a Foundation and Community so ignore the FUD please this is like a bitcoin inception hold but you are finally being compensated for holding and not only being a miner.
Besides think about it like this people will pay people to give up your $RFI so they get a distribution fee off your transaction and so they can fill of their bags... don't forget the BLACKHOLE that gobbles up the majority of the fees as a deflationary mechanism its like the hard-drive with the 1000000 $bitcoins you have lost forever that's ongoing and pushing the floor higher mechanically impossible to recover (well sorta with bitcoin; if someone gets access to the 1000000 $btc it becomes a whole different story)
im only going to say this once maybe more for the USDT side of the coin rather the WETH side
JUST HODL!!!
Purple: BLACKHOLE BOTTOM SUPPORTLINE (sure if you owned 520,000 $RFI; Dump it i dare you)
Red: Fiscal Decision BOTTOM SUPPORTLINE (if you wanna FOMO into doge / shitcoin be my guest)
Blue: Resistance Trendline by the Elite Defi Chads waiting for the new paradigm (or bump an run)
Green: Rsi hidden Divergence / Sell Pressure disappeared... Gas is WEI TOO DAMN HIGH
This could be the Macro Bottom or a pile of dung if these parameters remain respected or destroyed
We were Listed on Bilaxy and a few weeks right after ran all the way up to ATH (3.17)
When most of the volume has been coming is from Uniswap
before its inception it has continued being the protocol of frictionless yield which is what the world has been waiting for where you are finally compensated for holding and storing your coins on an uncustodial wallet without the need of a 3rd party stake pool or liq pool product.
I am bullish on the project because its a fundamental buy created by the mechanism it executes where volume can maintain bullishness verses bearishness; if all users are enthusiastic of their buys knowing they can hold and earn off trades there after displayed on the Reflect.Finance Dashboard it has no problem climbing back to ATH(s) or near to it
Now here is something to think about; ETH just hit a new ATH of 1650 USD per coin at the cost of the new paradigm boom where everyone is excited to build and make money on this parabolic move... with DEFI and thats just the problem if everyone decided to make a fiscal decision and put in 100, 1000, 10000, 100000, 100000000 (millions of dollars) to escape the old traditional financial system of banking / trading / debt bubble (giga elephant in the room) thats going to drive alot of not only traffic / congestion / price action but (GWEI) Gas Prices way higher making
$RFI harder to purchase when already its a complex product to purchase with the need in how to work MetaMask and or Uniswap but people loving buying things they have no knowledge where who would of ever thought UNI was going to hit 20 now 50 looks brighter than ever. My question is how wealthy will the inside become when you can buy RFI on more CEX platforms with easier use and still executing fee distribution to all holders even on a CEX wallet.
Morpheus (Creator) thought his product wasn't going to go anywhere so he created $ELE as a side product with another usecase vs to the $RFI premiere usecase. No ELE isnt better or more special if anything $RFI is going to outshine all frictionless copy cats because it has a Foundation and Community so ignore the FUD please this is like a bitcoin inception hold but you are finally being compensated for holding and not only being a miner.
Besides think about it like this people will pay people to give up your $RFI so they get a distribution fee off your transaction and so they can fill of their bags... don't forget the BLACKHOLE that gobbles up the majority of the fees as a deflationary mechanism its like the hard-drive with the 1000000 $bitcoins you have lost forever that's ongoing and pushing the floor higher mechanically impossible to recover (well sorta with bitcoin; if someone gets access to the 1000000 $btc it becomes a whole different story)
im only going to say this once maybe more for the USDT side of the coin rather the WETH side
JUST HODL!!!