Logarithm. Time frame 1 week. Chart. This is the crypto total cap DeFI.D This is the percentage of dominance of DeFi projects in relation to the entire market. This is a very important indicator for understanding the pump or dump of this asset class. That is, to understand when there will be an alt-season on this group of assets, which will "overtake the market"...
Thanks to the XRP trial, altcoins will most likely do very well for the next couple months. DEFI coins are poised to pump up quite a bit! On the chart you see the DEFI coins dominance. We've just bounced on the trendline. Very bullish!
If you invested in DEFI early 2018, you made a shit ton of money. Dominance has 23x, 40x at the top. We are currently sitting at almost 5% dominance. The trend is UP! Can we go from 5% to 12%? Almost a 3x in dominance? That would be a MAJOR ALTCOIN rally! I'm optimistic!
We're in a bear flag right now, possible target ~2,7% (down from 7,95% high on April 2nd) - Benayman
Defin about to drop hard? Keep an eye on RSI- and Channel-support! - Benayman
TotalDEFI.D Analysis Time Frame 1M, 1W, 3D Support and Resistance ----------------------------------------- In Chart
We have a triangle on weekly RSI. Moon mission engaged!
I'm assuming the chart self explanatory. If not, ask away. Otherwise, hope to hear your thoughts. Thanks!
As we can see, there is bearish div on weekly defi.d chart. We need to break this resistance or down it goes...
Check out this new indicator on TradingView! DEFI market cap dominance! It includes coins like AAVE, UNI, SNX etc... It's been consistently increasing these last months. It's going to 8% by year end. Very bullish on DEFI!
Although this patter is a bearish one note that this is a weekly chart and I expect a rising of DeFi dominance at least until the first third of October. This means overall DeFi will keep pumping. I hope you own some of them! Thanks to Blockwolf for sharing with me this DeFi domindance ticker which I didn't know!