You can see an inverse H&S chart pattern is forming in DFI/USDT. We have broken the EMA 17 and SMA 30 already to the upside - the SMA 50 could offer a bit more resistance at currently 1.30 USD.
For me it seems like the crypto market could reverse (see also the BTC/USD chart) - not to approach the ATHs but to make a first move to the upside. We'll see.
If this symmetrical triangle does break to the upside, we can approach the next level in DFI/USDT. It looks bullish but bearish trends in BTC can and will, of course, also drag the DFI prices down.
