Looking at FTX's DEFI index that tracks some of the large names in defi. The recent price action has been interesting, forming a cup and handle-like pattern. In my opinion this still needs some time to simmer before it is ready to set a higher high and take off. The RSI is showing promise and the momentum indicator is hinting at crossing over BUT some of the...
DEFI coins will outperform BTC in the coming days / weeks.
My expectation is that Defi is going to run hard for 2-3 more months until the EOY. As you can see from the previous cycles, this one again seems to go parabolic, albeit long term as Defi hype dies down and gets replaced by the new flavour of the year, cycles will become longer and weaker until no longer relevant. Don't marry your bags. PS: This is not financial advice.
DEFIPERP/SHITPERP broke out with volume confirmation today. Let see daily close at such a shitty day. I have loaded some DeFi bags on the pullback. DeFi season 2.0? Possible
We shall see if bullish MACD crossover for DEFI has any meanings at all
As we can see the DEFI index on FTX has shown a breakout and s/r flip. DEFI is popping right now and based on the chart, we can enter long on the DeFi Index w a stop in ~10500 and a take profit around 15k. High R:R, diversified through the index.
Shitperp breaking out against shitperp. Hence I'll be favouring defi tokens for the coming months. My favoured bags include: AAVE, COMP, CRV, SNX, UNI, SUSHI, BNT, KEEP, SPELL, ROOK, ALCX, BADGER, FOLD
DEFI INDEXES showing continuation potential here. Falling wedge pattern awaits breakout and volume confirmation. ###NOT FINANCIAL ADVICE###
Here we outline both the Bearish and Bullish scenarios and how to trade each one. We cover: - Bitcoin - ETH - BTC.D - ETH.D - DEFI
It seems that after a long fall from the dominance of Defi to Altcoins, we are starting to take a strong move to the north. The chart looks very promising and a strong upward structure has formed in the W1 chart, which is confirmed by the crossing on the MACD chart. The RSI was cooled down, hit the bottom and now it's going. Everything looks very promising and if...
Ethereum’s decentralized finance is ready to grow beyond its sandbox: with a dense network of financial primitives, it’s now easier than ever to harness DeFi for other ends, such as to replace a predatory relic of our past like the lottery, still insanely popular and detrimental. With this story, I’d like to take a step back and adopt a macro perspective on...
old fractal ive been looking out is playing out really well... next would be an absolute bloodbath
pls pump it up, my bags are heavy pump it up
You can add to your 👀List ! and wait for it for next move
DEFI coins will most likely decrease to their BTC pairs. We need to retest lower support. Bottom late July, early August in my opinion.
Defi has been closely tracking ETH price action overall since that is what it is built on. With EIP 1559 and eth 2 coming, Defi is set to do very well. It does tend to act in multiples of ETH but it is also possible that ETH takes dominance during the run to flip BTC. But looking at the overall chart a correction after the EIP hype should lead Defi to another blow...
Long Defi, Long BTC , long Everything, Long ETH, even ETHBTC. Long Solana and its entire ecosystem. Not $step though; nobody likes step