DeFi charts looks pretty good. After months of drop, i think we finally touched the bottom. R:R ratio to the top is really good, and it deserve at least a spot buy. I think that the party could start as soon as we will flip the red box and retest the trendline
I know fundamentals and news events often overrun technicals - especially in the crypto-verse. But the look from a pure TA long-term perspective on the DFI/USD(T) chart bears a very bullish opportunity. ` Prices of 1 USD (or a bit more?) until the end of this year? At least it's possible.
DFI with increased volume - MICRO CAP Recommended - only small bag Market Cap: $273,300 Category: DeFi / DEX Sell 25% at each target Target 1: 0.5998 Target 2: 0.6657 Target 3: 0.7235 Target 4: 0.9327 Stop Loss: 0.4785 Manage Risk - have a stop loss in place price movement prediction Price Prediction not financial...
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.
Beautiful wedge pattern over the daily closing price chart in DFI/BTC. Works as well with normal candles but is here a little bit cleaner. Seems like if BTC does get bullish - DFI is getting extremly bullish!
Chart with only the closing prices because otherwise, you have way too much noise in the DFI/EUR chart. This is a clear bullish sign. But as always - it depends on what mother Bitcoin is doing. When BTC falls, it will be hard for DFI even to hold the current price levels.
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.
The lack of significant volume makes it difficult in DFI to apply proper technical analysis. But so far, it looks like it could make another pump soon if resolving this triangle to the upside.
DeFiChain (DFI) hold strong volume support - several times now. A break below that volume level would be a bad sign - everything above allows thoughts of higher courses. A confirmed breakout of the OBV resistance would be a very strong bullish signal 😎 Drop me a nice comment if you'd like me to analyze any other cryptocurrency or do another comparison. *no...
Trading strategy: Risk always 1% When we reached the first target, we move the stop loss to the entry price. Every time we reach a new target, we also move the stop loss and secure the profit ----------------------------------------------------------------------------------- Leave a comment... let us know how you see this opportunity. If you like our ideas,...
DefiChain is breaking out on weekly (already done so 3 times so on Daily). Some good volume inflow on #Bittrex
🔵 Buy : 2.579-2.605 🎯 Target 1 : 2.75 🎯 Target 2 : 2.90 🎯 Target 3 : 3.20 ⛔️SL: DAILY CLOSE IN 2.35
crab harmonic pattern: AB=0.61 XA BC=0.38 AB tp1=1.6 BC=$97 tp2=2.6 BC=$341 tp3=3.6 BC=$1192 tp4=1.6 XA=$8423
bat harmonic pattern: 3-4=0.5 X-3 4-5=0.38 3-4=$0.0142 or 4-5=0.88 3-4=$0.027 *more likely* tp1=1.6 4-5=$0.0042 tp2=0.88 X-3=$0.0037 tp3=2.6 4-5=$0.00132
crab harmonic pattern: AB=0.61 XA BC=0.88 AB tp1=1.6 BC=$97 tp2=2.6 BC=1.6 XA=$465 tp3=3.6 BC=$2075
YFIIBTC (DFI.Money) has broken above the resistance in the form of a trend line and EMA10/50 and is now ready to move higher. We have a volume breakout, Prices moving above EMA10/50, Strong RSI, And a bullish MACD. All these signals are pointing to higher prices. You can find the next targets marked on the chart with a green line. Namaste.
*** This is just for educational purpose, not an investment advice. I am not a financial advisor, just sharing my own analysis.