$DEFI 30% up over the last 2 days as it bounced from the lower trendline A retest of the ~1900 // upper trendline could be in play.. A true break from current descending channel is what you should be looking as a true signal of a new season. #DEFI
Hello Traders Investors And Community, Welcome to this analysis where we are looking at the DEFI-Index daily timeframe perspective, the recent events, the current formational structure, what we can expect the upcoming times and how to possibly handle the situation appropriately. The DEFI-Index was in a strong protracted downtrend where bearish pressure almost...
a bounce of the channel support will be a positive step that will lead to a breakout. Otherwise it is further dump for defi.
While Bitcoin is in its strongest bull market since 2017, DeFi tokens have actually been selling off. Bull Run and Subsequent Correction This year was terrific for the DeFi tokens until September; some grew by more than 5,000% from January 2020. The DeFi Index we are analyzing was created towards the end of June, and therefore we are unable to showcase the...
Looking for that DEFI capitulation at ATL
Hello traders, Short position TP1 - 1493 TP2 - 1440 Cheers Dave
Here's the DeFi version of the infamous Wall Street cheat sheet aka "Psychology of a Market Cycle". Of course - it's never really this simple. This is just a bit of fun, nothing I like more than applying this template in retrospect! If it did follow the cheat sheet to the letter, we'd be seeing a long lull in the market and then a rise back up for roughly March...
Test Inverse H&S Pattern Untill the right Shoulder is not complete, this figure is just a meme ! Confirmation if we break the trend line and test the neckline. Invalidation if we go lower than The Head (1705)
NFT is a new round of the DeFi trend. Some yield farming sites began to add not only the mining of ordinary tokens but also collectible (NFT) tokens. The main difference between NFT tokens and regular ones is that they are not fungible. For example, fiat currencies are fungible because each unit is equivalent. The ten-dollar bill can be replaced with any other...
I think what we're going to see here is a brief relief bounce, then continued move to the downside but with much less momentum than before. Bollingers are contracting indicating the market is settling a little, Stoch is oversold so expect some relief in next few days. Currently at a support level with a lot of chart history. But expect continued downside simply...
Test Inverse H&S Pattern Untill the right Shoulder is not complete, this figure is just a meme ! Confirmation if we break the trend line and test the neckline. Invalidation if we go lower than The Head (1705)
The DEFI market is having a slowdown right now, so I decided to chart it via this aggregate chart. The extremely sharp sell-off in early September has all the hallmarks of a bubble-pop - remarkable how savage and immediate the sell-off was across these assets. It seems to be stabilising and trying to find some footing now, but this is all too common in bear...
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Hello, alts are suffering (see my previous idea), but why is defi suffering even more? Should it not be the FUTURE? Well, there are basically two reasons. The first and most obvious one is that, despite other alts, old generation alts, the defi alts experienced an astonishing rise that would have come to an abrupt end anyway. They had to come to more realistic...
may not look as dramatic on the way down but the best neckline i could find was in the log scale.
DEFI has been a huge part of the crypto market as of late. So it is important to keep an eye on the index for this group. Today we will be looking at the DEFI ticker and see what we can find out. Let’s hop onto the chart! So since the market topped, we have watched the DEFI downtrend take place. There are some signs of a reversal here, but we need to see a...