DEFI Index versus US Dollar - Log Ascending Channel, using FIB channels as ladders and Heikin-Ashi Candles to take out the noise.
2300 Is a Place Wave 2 Will Complete ,I Expect a Huge Move Up For DEFI Projects In Near Future ,It Will Surprise Many Of You
touch the trendline and the bottom of the GC around the end of august
Dividing marketcap of DEFIPERP / BTCUSD. Once we get that bullish divergence on the daily RSI, it's gonna be party time for ALTS.
Last time we had such a beautiful bullish RSI divergence, we went up 300%.
I think we are likely to see a massive move down in DeFi names, the contract issued by FTX is a nice way of riding the eventual move down, which can be magnified if we get some large protocol issue, or some unexpected black swan event causing a cascading decline of epic size as a gigantic levered bubble bursts. It is likely the best short in crypto, to profit from...
#DEFIPERP may bounce off on the support here on 4h.
a topical wave 5 fail the whole structure must retrace
It's that time of the year everyone. First targets are half off. This was a low risk trade at the .618 retrace. If stopped out, will look for shorts at .786 / .887 of the move. Technical Analysis : As the market giveth, it will also taketh Fundamentals Analysis : #elon2021
Defi has been for a long time in this box…and now we are at the bottom of it…I believe in upcoming months we will break this down and go even lower but honestly i believe in an uptrend for a short period of time. I would not short fundamental Defi projects here at least for now! Always a student…Lets see!
💎In one of our last Defi analyses we have shown the formation of the double bottom. After the price bounced off the 8500 resistance area for the second time, we can witness a potential formation of a triple bottom. 💎The critical support lies at 5590, which is confirmed by the 88.6% Fibonacci retracement level. As of yet, Defi respected the support while trading...
👉 Descending Triangle And Wave 5 From C On The Table ,It’s Not Bullish For Me Anymore 📥 I Expect a Breakdown To The 3k Level Then Huge Run For All DEFI Projects
7599 important level.must hold. if break below this zone.defi bear season. if hold this zone first 9223 visit. if break 9223 target year open(10181)..
💎The initial Defi Index forecast came true and the price moved up towards the 8167 resistance. Moreover, Defi broke higher and on the pullback tested 8167 level, where resistance became the support. 💎Such price action leads us to the conclusion that the .......
📡 Breakout The 8500 Strong Resistance Level ,It’s a Nice Bullish Sign For All DEFI Projects ,We Will Kiss 14000 Soon ,It’s a DEFI Season
💎The Defi Index could have completed a Head and Shoulders reversal pattern while forming a double bottom at 5542 level. This support aligns with the 261.8% Fibonacci retracement, applied to the last pullback before the final drop. 💎Today, Defi Index is testing the support for the second time, and for now.............
This chart represents a basket of top DeFi projects. DeFi tokens are down bad from their bull run highs, but seem to be bouncing off an area of previous accumulation / support. Will we get a bearish retest of the 200SMA? This would amount to a ~30% pump for DeFi. Bitcoin or ETH could easily steal the show, but perhaps worth keeping an eye on! happy trades, CD
This count expects that defi perp is actually in a B wave triangle right now. It is certainly an interesting one because of the degree to which is matches up almost exactly with the macro bitcoin count, so definitely watch this one too. The message from all these counts is the same, however: Defi perp is expected to rise in price over the following few months....