thesis; AVAX is finally doing its move (its always last btw)
JOE makes lots of fees; check it on defilama.
JOE makes lots of swaps.
avax go up; JOE go up even more.
thats it. thats the thesis.
now we farm the onions and potatoes and retire into the sunset
lfg
Looks like joe is in wave C of a diametric. Now it seems that wave C of this diametric itself is an abc, which is now at the end of wave b. Actually now we are in wave b of C of this diametric.
It is expected to reject upwards from the green range and the price will enter wave c of C.
Our target is the red box.
Closing a daily candle below the invalidation level...
Yes, I know. The altcoin market is very nervous. And rightfully so. But Defi does especially well comparatively when regional banks are faltering. Right now, regional banks (KRE) are moving down and becoming weaker once again. Could we see more defaults? Probably. But this isn't about regional banks is it. We're looking at JOEUSD, a nifty little Defi play. So,...
Traders,
I'm a bit over-weighted in my public portfolio rn, but I really do like this setup in the DeFi coin JOE.
Bullish Indicators:
*Hidden Bullish Divergence on RSI
*Close to Bullish Triangle Exit
*Above the 200 Day MA
Bearish Indicators:
*Under the June 4th Crash Level
*Possible re-trace to bottom of triangle
If I were to enter here, I'd have a...
Joe is a decentralized platform on AVAX ecosystem with Market cap of of only 242 million.
Its Market cap / total value locked ratio = 0.19 which is highly under valued compared to other platform like uniswap which has 0.54 ratio on ethereum network.
Technically people who believe in AVAX ecosystem are accumulating it between $0.8 to $1.5 region. I have...
Current 4hr indicators show bearishness. However, this is crypto, and the recent successful back test of a major downtrend breakout leaves ones palms itchy. DDD. NOT FINANCIAL ADVICE.
