Long
Next bullish move in DeFi Chain?
From a purely technical standpoint - this chart pattern is bullish. If you ignore the ugly spike on November 11th, this is a nice symmetric triangle which, as it occurs in a bullish trend, is more likely to get resolved to the upside.
Of course, it all depends on what BTC is doing, but the likelyhood that the trend will continue in the 1st half of next week is a bit higher.
Of course, it all depends on what BTC is doing, but the likelyhood that the trend will continue in the 1st half of next week is a bit higher.
Note
Adjusted triangle. So we've got a bit more time left. ;)Note
So as you may have seen it didn't work. Now you could draw it more like a bullish wedge pattern and as Bitcoin may rise to the upside, so should also DFI:
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.