Here is the idea that after breaking out of the trend line and retracing back to it we can head toward depicted areas on the chart which can translate to a Defi party or season is possible to happen.lets see how it plays out.always a student!
Posting chart idea following the video I made on this. It is expected to see several DeFi projects to let go some of the 2021 gains and possible 2020. But we are not there... just yet. This chart is one of major reason I could see Bitcoin also get a huge cut like piercing bellow 30k.
These are quite useful to follow. We have 4 major ways to track Crypto Market Caps $TOTAL = Crypto Market Cap $TOTAL2 = Crypto Market Cap - BTC $TOTLA3 = Crypto Market Cap - BTC - ETH $TOTALDEFI = Crypto Market Cap for DeFi Clearly all are below the purple line (200D SMA) and clearly in Stage 4 downtrend (as per Stage Analysis criteria). This mean "no-touch"...
An Idea of recovery for TOTALDEFI First some downsides may be experienced, but eventually a double bottom will form, leading price back upwards, extending the rising megaphone structure This rising megaphone is shown with green lines Daily chart
The Crypto Market has already bottomed out, what follows is the rise, today we have DEFI doing its thing. 🤣 The rise in rates, taxes and QE abuse (with higth rates), makes money expensive, it is good to be the lender and not the one who acquires a loan. 🧠
Monthly TOTAL DeFi Chart Looking for a hold above support. The defi chart support is much lower, which indicates it was a very bullish chart in this cycle... i am expecting us to stay above the white line as support.
everything is clear ! long term trend line is on the way...
Right now we are experiencing bearish action which will ultimately result in a break of this parabolic trend, this might seem grim, however the past two times have led to a recovery of the trend This might occur again and the bull market will resume. The white zones of the RSI are the break points of the Trend I am suggesting a further down move, but a stronger...
DEFI will be all but dead in 5 years -- expect HUGE drawdowns (unless they inject a bunch more fake asset classes into this index in the next bull market)
DEFI TOTAL looks extremely bullish as it sits above this yellow long term trend line and post moving out of a rising wedge that will end up playing in the bullish favor Triangles like this have been seen before and are in green
Bad news for people holding defi coins/tokens. The markercap of DeFi coins/tokens (TOTALDEFI) is looking weak vs USD and BTC. Some serious corrections likely on the line as we observe some relevant trendlines being broken.
Total DEFI Analysis Time Frame 1M, 1W Support and Resistance ---------------------------------------- In Chart
We need to go up to 123 and stay there to be bullish. Also, be aware of the triangle.
im new to the whole technical analysis thing, but tell me if this looks like a bullish continuation signal to you? CRYPTOCAP:TOTALDEFI
While we didn't get the 'DeFi Summer' that many expected, things appear to be heating up in DeFi right now, going into 2022. The Crypto Total DeFi Market Cap chart in TradingView here is showing bullish signals both on the daily candle (which is sitting nicely on the uptrending 21 day EMA, which I call a 'Rocket on the Launchpad') -- but also our custom...
DEFI Total Market Cap Pullback Above The Previous Trend Line ,Its About To Hit The ATH
Finally The DEFI Market Cap Breakout From The Trend Line ,The Setup Is Only Bullish
📥 Total DEFI Market Cap Sitting At The Strong Support , About To Start a New Rally