ZenoAgropolous

ZenoAgropolous

I don't normally use the CME chart to trade crypto; however, family members bought a lot of the neighbors' farms in the 1980's so I thought I'd share this chart for my fellow crypto sod busters. There is 'paper Bitcoin' trading happening. That equates to there being no rational, -easily- predictable top or bottom. The bottom is in when the 'Composite Group'...

ZenoAgropolous

The DeFi Pulse index token failed to break above the white energy on the 3 hour and 90 minute time frames on the Phoenix Ascending Indicator. The previous 90 minute candle moved the green price line below the red RSI and the current candle shows the white energy moving below the 50 level. The DPI has a possibility of returning to check the previous lower level of...

ZenoAgropolous

The current political situation in Peru has The Fed's Peruvian branch scrambling to stabilize the Nuevo Sol as capital flees to USD. There could be long term implications for gold, silver and copper concerns in the Andes with the accompanying supply and price reactions.

ZenoAgropolous

Polkadot is climbing a channel, but still below the preliminary resistance yet to confirm further distribution or accumulation.

ZenoAgropolous

The 1 and 4 hour chars show UNI moving towards a second local high and confirming the upward channel. Movement in this channel and low gas prices today could take UNI above the channel to confirm continued upward price action. With the recent pile-in to UNI I'd expect high volatility.

ZenoAgropolous

UNI has risen above the channel formed by the weekend's drop. It could offer confirmation and continue upward, testing previous points of supply.

ZenoAgropolous

UNI appears to be moving in a downward channel, and looking for renewed interest before bouncing off previous profit taking levels. Uniswap's annualized revenue has passed Bitcoin's with $1.5 Billion moving into the DeFi markets since Friday. The long term outlook could be very positive for UNI; however, high volatility with long candles and liquidations also seem...