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
2H: Still a higher high but getting testet rn. 2D: Bulls could not hold the top area above 156244B $ MC. 2W: If bears take the control and the dip last week was the start of the bear market i see a possible bottom around 75B $ MC. I think if regulations come in the US that they will hit DEFI, Stablecoins and interest on Stablecoins harder than the rest of the market!
It looks like we are approaching in 35 days one more bullish run for the defi market. The bitcoin dominance support this theory. Target 800M$
This ratio sugests eth will continue to outperform Defi over the next several weeks before the correction is completed.
After Growing more than 6000x since Apr-2017 , during 4 Years ago , Where Does DeFi Go From Here? If you have been following blockchain, you have probably already heard of the recent emerging industry called DeFi, which has experienced substantial growth, and is now worth over $123 billion. Everyone is talking about Decentralized Finance and DeFi projects. ...