We are targeting to retest (1036) before dumping more to the down side
The pair (DEFI / USDT PERP binance) is likely to fall in the binance exchange. This wish is in the resistance of the bearish channel and with the RSI oscillator.It has divergence
Bullish breakout : Entry price 879.6 Take Profit 957.1 Stop Loss 849.3
Bullish breakout : Entry price 1103.8 Take Profit 1158.1 Stop Loss 1068.1
On my latest post, I mentioned that 1900 usdt was an important area to watch and which we were rejected. On this set up, we can see that DEFI/USDT is forming a triangle on the LOG chart. The RSI shows that we will enter in a long period of consolidation(look at the descending trend lines), however we will have some excellent gains if we play it well. When we...
Anchored VWAP measures the average profitability of the selected period. In a nutshell, if price is above the VWAP line, majority of traders are in profit. This shows that there is a bullish momentum and can attract more and more people (money attracts money). However, when many traders are in profit, the selling pressure can be higher which can result in a...
DeFi Composite Index looks ready for short-term recovery after regaining 50MA support. www.binance.com Current Price= 2177.1 Buy Entry= 2176.3 - 2150.3 Take Profit= 2258.6 | 2356.2 | 2474.0 Stop Loss= 2098.9 Risk/Reward= 1:1.5 | 1:3 | 1:4.82 Expected Profit= +26.46% | +53.52% | +86.16% Possible Loss= -17.64% Fib. Retracement= 0.5 | 0.786 | 1.117 Margin...
Defi Perp looking bullish currently, depending on whether or not this pattern plays out we could see some nice upside for defi projects. Keep an eye on this chart.
It’s a world of musical chairs Aaaaaaaaaaaaaaaaaaaaaaaaaaa
The market is weak, it is too late to enter an increase, it is better to wait for a pullback to support and look for purchases there
After 2 failed attempts and a fake out, DeFi Perp has broken through its macro downward sloping trendline, backtested for confirmation and currently finding support from its 12 day MA. 2 horizontal lines of resistance before DeFi Perp challenges the ATH.
The uptrend is about to continue after DEFI broke above the downtrend trendline and bounced off the uptrend trendline. Enjoy the rally!
Longed for a scalp. Average RR. Trading after a long break
DeFi Composite Index looks good for bullish continuation after regaining 50MA support. More information about Decentralized Finance tokens on www.binance.com Current Price= 2365.6 Buy Entry = 2369.3 - 2343.5 Take Profit= 2444.6 | 2518.6 | 2616.1 Stop Loss= 2282.6 Risk/Reward= 1:1.2 | 1:2.2| 1:3.52 Expected Profit= +22.44% | +41.28% | +66.12% Possible Loss=...
Hello everyone, First off, this is not a financial advice. Now let's begin. A couple of posts below I have shared my view about the Macro cycle of the BTC. It follows the cycle as predicted, but there was a factor in the beginning-mid August when billions and trillions of dollars were coming to the exchanges. I was sure that these money won't be invested in...
DeFi index lost 50MA support that was holding the up-trend and finally broke bearish. Now retesting the wedge, seems like retracement is in play short-term before resuming bullish again! Current Price= 2476.9 Sell Entry = 2495.9 - 2616.9 Take Profit= 2263.2 | 1986.6 | 1790.0 Stop Loss= 2810.3 Risk/Reward= 1:1.15 | 1:2.24 | 1:3.02 Expected Profit= +22.94% |...
Divergence and channel weakening. Looking to purchase highs on lower timeframes.
Evening Traders, Today’s analysis – DEFIUSDTPERPS – Treading below its Daily S/R with further downside probable, Points to consider, - Price Action Impulsive - Local S/R Support - Daily S/R Resistance - Low Volume DEFIUSDT’s immediate price action is trading below a key technical level that needs proving resistance. The Local S/R is current support,...