ArShevelev

DeFi Index (COMP, KNC, LEND, MKR, KAVA, LRC, REN, REP, BNT, SNX)

FTX:DEFIPERP   DeFi Index Perpetual Futures
DeFi coins is hyping around crypto and here is TA for them.
On FTX we can see the DeFi Index based on charts of COMP, KNC, LEND, MKR , KAVA, LRC , REN, REP, BNT, SNX and ZRX (each coin is weighted equally). It can be traded at FTX with up to 100x leverage.

So on the price i marked all triangle shapes and found Giant Wedge

It already breaking out from it and possible will make sideways inside the triangle. Best way to avoid trading here and try to fix position in the Sell Zone. Or wait for the buy opportunity in the Support zone .

Thanks for your attention,
stay tuned
This is Artem Crypto
Comment: Just like how there exists many different use cases of decentralized applications, there too exists many different use cases for DeFi applications. Examples include:

Payments
Lending
Stablecoins
Tokenization
Decentralized Exchange
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Comments

Hi ArShevelev,
Thanks for the details. Does it mean when the Defi Index increases the value/price of its tokens (COMP, KNC, LEND, MKR , KAVA, LRC , REN, REP, BNT, SNX and ZRX) also increase. I am still learning about Defi.
+1 Reply
ArShevelev AYM2020
@AYM2020, yeah kinda like, so if major of them going up, most likely index will follow. So it corellaate much
+2 Reply
AYM2020 ArShevelev
@ArShevelev Thanks👍.
Reply
What is defi?
+1 Reply
ArShevelev nagihatoum
@nagihatoum, good question brother!
DeFi — Decentralized Finance (DeFi) Apps
+5 Reply
nagihatoum ArShevelev
@ArShevelev, yes but what it does and how to use it?
+1 Reply
ArShevelev nagihatoum
@nagihatoum, I am not fundamental trader. And probably we will see some applications in nearest future. What you think?
+2 Reply
nagihatoum ArShevelev
@ArShevelev, I am completely clueless about defi ,))))))
Reply
ArShevelev nagihatoum
@nagihatoum, it's fine 😉 we just need to see the trigger on price to trade or avoid :)
+4 Reply
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