YFI has yet to regain its ATH against ETH. YFI is the powerhouse of the defi ecosystem, yet has underperformed compared to AAVE or UNI. As both ETH and YFI enter a bull-run caused by defi, YFI will outperform ETH which itself will enter parabolic new highs. Expect long term value-creation.
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...
Bitcoin, BTCUSD, on the weekly timeframe continues to aim higher... Let's have a closer look at the RSI, multiple milestones have been hit this week... Let's get into it.
BTCUSD (W) RSI:
Here we can notice that the RSI hit above 80 for the first time since December 2017 when Bitcoin hit it's All-Time High (ATH).
Bitcoin, Ethereum, and Band look at the importance of Fibonacci retracement. THIS IS TOTALLY phenomenal how the Fibs work perfectly in this video. FIBONACCI is the most important sequence of numbers in all human behaviour. FIBONACCI is UTTERLY incredible, completely exceptional and totally phenomenal!
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Uniswap currently fighting to break my main downward trendline. (Red line) and possibly causing a widening wedge. (Orange) Indicators are signalling a big move. If we can close on the hour candle above the red line I will open a breakout trade. Market seems to have bounced back bullish again.
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Substantial falling wedge on AKRO (4H) with roughly 125% target to upside. Certainly, BTC dictates the crypto market movement but some alts have shown their own momentum while BTC goes sideways, AKRO was one of them lately. Defi on Polkadot with relatively better fundamentals, Messari certified project. Do your research before entering, stay safe and don't forget...
Loom Network is a Sidechain DPoS network that allows highly scalable applications (dApps) and games.
Team is not active, drama news but small CAP and almost token has been released.
Not easy for pump and dump game, moving slow but can make the big boom in 2020.
Always retraces after a big move, would love to see $0.22 - $0.17 one more time before 'The Great Reset'.
I dont see price going any higher than $0.35 - $0.36 in this current wave (wave 3). The 4th wave would align for a great last chance to buy before we moon.
We have broke a daily trendline around the $0.22 resistance which has yet to be retested, the fact...
KNC prices have demonstrated predicatbility in movements, as they are trapped into this channel.
If history repeats itself, given than support its holding, we might target the upper bound of the channel.
Macd is showing a bullish reversal too.
Be careful because a trading competition on DeFi tokens is going on, thus increased volatility might be expected.
Looking at the possibility of a retest of 10775 where there is reasonable support correspondent with the Fibonacci 0.382 position. Also, price is under the 21EMA & in a bearish descending channel currently. The daily closed 21st July with a reasonably proportioned 'Shooting Star' on the daily. I'm looking for slight decrease in price from here to then springboard...
Basic look at the Cryptocurrency total market capitalisation excluding Bitcoin. My points are on the chart along side 3 predictions for the year ahead. This chart also contains a comparison against the Cryptocurrency total market capitalisation including Bitcoin.