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
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Just like how there exists many different use cases of decentralized applications, there too exists many different use cases for DeFi applications. Examples include:
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.
ArShevelev
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@AYM2020, yeah kinda like, so if major of them going up, most likely index will follow. So it corellaate much
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.