Updated
DFI gets technical support
You can see multilevel support around the current price levels. Probably the price drop will be held at the level 2.36 - 2.51 USD. You could consider a speculative long entry, but this is only speculative. We don't know if the multilevel support holds or not. It depends probably mainly upon Bitcoin - if BTC makes dead cat bounce DFI will raise as well.
Note
61,8 % retracement was been hit - it looks like DFI could do the next impulse!Note
The primary target in DFI/USD reached. I assume that we could consolidate a little bit at the current level. But if BTC/USD is still acting bullish, we will see the ATH in DFI/USD sooner than later.Note
The next move in DFI/USD could look something like this. From the pure TA perspective the chart looks very bullish to me, but take into consideration, that if BTC goes downhill it takes DeFi Chain with it ....
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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.