DEFIPULSE INDEX / WRAPPED ETHER on Ethereum (4D5EF5...059991)Uniswap v2 (Ethereum)
Description
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Fundamental Analysis
What is DeFi Pulse Index (DPI)? - DeFi Pulse Index (DPIUNISWAP:DPIWETH) is a capitalization-weighted index of top decentralized finance assets. In other words, you can get exposure with top DeFi assest without actually buying the indivdual asset.
The Team Behind - "DeFi Pulse Index (DPI) was built by the two of the most credible names in DeFi. Tokensets and Defi Pulse
From Nov. 5 to Dec 11, DPI price had higher lows - bullish signal
Double bottom (encircle in red) - bullish signal
Comment
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Additional Technical Analysis * Price made higher low while RSI indicator made lower low (green trend line) - hidden bullish divergence * Also noticed that every time RSI breaks 53, price tends to increase significantly