YFI needs a proper flush before it can resume an uptrend continuation, by getting a good chunk of the 10,000x, 1,000x, and 100x longterm HODLers out of the trade.
Downside targets on the chart may be exaggerated, as I'm looking for capitulation signs instead.
Currently positioned neutral until a breakdown of the trendline, though also cautious in the event of a...
The SushiSwap platform was recently merged with Yearn Finance, as well as audited by the Quantstamp team, providing that extra boost of confidence within the DeFi ecosystem.
I'm bullish on SUSHI itself, with the possibility of tremendous upside in the mid-term
Ethereum strength against Bitcoin (ETH-BTC) continues proving itself as the market leader when it comes to overall altcoin strength. This most recent iteration includes what's nicknamed "DeFi season" including top gainers such as Aave (LEND-BTC) which pulled an over 100x return in less than one year, Chainlink (LINK-BTC), Band Protocol (BAND-BTC), and a handful of...
An extremely optimistic view on Kyber Network breaching its all-time-high on the BTC pair in the short-term. This is given from the fact other DeFi coins such as Aave (LEND-BTC), Ren Protocol (REN-BTC), Elrond (ERD-BTC), Synthetix Netwok (SNX-BTC), and others have also reached their ATH levels.
Token supply from the exchanges are also being drained, most likely...
It's late Q3 / early Q4 2020. BTC traders are still pulling their hair, getting chopped on sideways action, as alts continue moving 4x, 5x against BTC.
Prediction: Bitcoin continues moving sideways as the weekly 21 EMA climbs up to meet price. From then, the trend can resume towards the upside.
ATOM-BTC is currently setup for both a daily and weekly TD9 (buy) setup. The Stochastic's bottomed out on the 12hr, 1D, and 1W timeframes.
We shall see if buyers step up this week.
Using a mix of Nick Core's "Alpha Exhaustion" & Tone Vays' "TI Indicators Sequential" indicators.
After maintaining support at the $6k levels for several months, Bitcoin inevitably broke through causing a short-term sell-off. A new lower-low for the 2018 year was formed, signaling a continuing bearish trend and even deeper capitulation to come. Long-term bullish