Look at that beautiful pattern on the RSI! Bullish! It just finished retesting the trendline to confirm the breakout.
We just broke the weekly RSI resistance. I'm very surprised the BTC dominance is actually going down now. The TA on DEFI/ETH is VERY bullish!
Look at that BEAUTIFUL WEEKLY BULLISH DIVERGENCE! That means, just be patient. Reversal coming soon! DEFI SEASON coming soon.
Look at that crazy bullish divergence on the RSI! I really hope we break UP and not down. But nothing is guaranteed.
defi opulse index is very devaluated compared to eth, prices is currently sitting on a phase C spring that could possibly start a new defi season back to the top of the range.
DEFI coins will pump soon! I would say mid to late september. Keep for 1-2 months before converting back into ETH
Do you reallllyyyy believe in DPI over ETH at these levels? Might be able to keep it simple and bet on a slow ride back to the top of the HTF channel. Would enter on a upwards departure of the current demand zone we're in with a stop-loss paired with a downward departure of the demand zone. Could see this occurring if an heavy inverse correlation starts to form...
At a weird place in the chart right now. Looking for a stall in the climb around .236 fib level on the fib macro channel I have here. I would enter around the .236 level if any signs of a stall. Have tight stop-loss with 1st target being the nearest demand zone. This play would be betting on the HTF downtrend continuation with this recent rally just being a little...
Looking for a macro reversal supported by a bullish reverse head and shoulders pattern. Entry at break of neckline with a tight stop-loss. Target is nearest overhead supply zone around .185. Only enter if second shoulder is formed with a clear break of the neckline. Good luck!
Would only play this if ETH looks weak betting on DPI being weaker. Don't think there is enough chaos for indirect correlation ATM. Would enter short at break of HTF support with a stop-loss on LTF resistance break. Target is bottom of local channel. Would start rolling out around .118. Good luck!
Looking for a long entry on the retest of recent HTF lows. Possible cup and handle with the handle bottoming out at HTF lows, best case scenario. I would enter with proof of pattern with a semi-tight stop-loss at the handle bottom. Would only play this if ETH looks relatively strong betting on a stronger DPI. Target is closest overhead supply zone around .185....
Get your favorite DEFI coins while they are hot! Sell back to ETH early August for Max profit!
This is the chart comparing all DeFi tokens in the Defi Pulse Index (DPI) with ETH. If you want to buy all, buy DPI with moderate performance. UNI, AAVE, LRC, MKR outperform DPI YTD.
Take a look at the DPI lately. By the way, that's the "Ticker symbol" too = DPI, for DeFi Pulse Index , if you're searching for it on uniswap or 1inch exchanges. You can also go over to TokenSets and purchase "shares" of this Index. They're about $200 USD rn. I believe this set was created by the DeFiPulse.com peeps. Very cool site. It's just a (weighted by...
Bullish on the USD pair, and possibly found a bottom on the ETH pair with a strong reclaim of November 2020's bottom. Riding this to wherever the trend takes me.
Fundamental Analysis What is DeFi Pulse Index (DPI)? - DeFi Pulse Index ( DPI UNISWAP: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...
UNISWAP:DPIWETH DPI has been pretty good to LPs since mid October, oscillating around the 0.17ETH level and keeping impermanent loss fairly minimal. With BTC making another attempt at ATH there is a chance for alts to outperform majors and see a decent break up and out of the descending wedge. Entering long DPI here presents a good risk defined opportunity, with...