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ZenoAgropolous
May 30, 2021 2:05 PM

DeFi Pulse Index Back down to check 280 Short

Description

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 280 to 270. At that point, monitoring the lower time frames may give an indication of a strong base being formed and a return to upward price action or a fall further.
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