DeFi charts looks pretty good. After months of drop, i think we finally touched the bottom. R:R ratio to the top is really good, and it deserve at least a spot buy. I think that the party could start as soon as we will flip the red box and retest the trendline
I know fundamentals and news events often overrun technicals - especially in the crypto-verse. But the look from a pure TA long-term perspective on the DFI/USD(T) chart bears a very bullish opportunity.
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Prices of 1 USD (or a bit more?) until the end of this year? At least it's possible.
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For this particular analysis on DeFiChain we are using the DFIUSDT symbol on the KuCoin exchange.
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The idea is on the 1D time-frame where DFI has been on Lower Lows since July 02 and is on a 3 day rally attempting to see if this will materialize a Lower Highs trend-line of a Channel Down. What's standing in the way now is the 1D MA50 (blue...
