DFI Good pump aheadDeFi charts looks pretty good. After months of drop, i think we finally touched the bottom. R:R ratio to the top is really good, and it deserve at least a spot buy. I think that the party could start as soon as we will flip the red box and retest the trendline
DFI
DFI from a broad technical perspectiveI know fundamentals and news events often overrun technicals - especially in the crypto-verse. But the look from a pure TA long-term perspective on the DFI/USD(T) chart bears a very bullish opportunity.
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Prices of 1 USD (or a bit more?) until the end of this year? At least it's possible.
DFI with increased volume - MICRO CAP DFI with increased volume - MICRO CAP
Recommended - only small bag
Market Cap: $273,300
Category: DeFi / DEX
Sell 25% at each target
Target 1: 0.5998
Target 2: 0.6657
Target 3: 0.7235
Target 4: 0.9327
Stop Loss: 0.4785
Manage Risk - have a stop loss in place
price movement prediction
Price Prediction
not financial advice
this is for entertainment purposes only
always DYOR
Inverse H&S Formation?You can see an inverse H&S chart pattern is forming in DFI/USDT. We have broken the EMA 17 and SMA 30 already to the upside - the SMA 50 could offer a bit more resistance at currently 1.30 USD.
For me it seems like the crypto market could reverse (see also the BTC/USD chart) - not to approach the ATHs but to make a first move to the upside. We'll see.
📈 Bulls are hissing their flag in DFIEURChart with only the closing prices because otherwise, you have way too much noise in the DFI/EUR chart. This is a clear bullish sign. But as always - it depends on what mother Bitcoin is doing. When BTC falls, it will be hard for DFI even to hold the current price levels.
DFI gets technical supportYou can see multilevel support around the current price levels. Probably the price drop will be held at the level 2.36 - 2.51 USD. You could consider a speculative long entry, but this is only speculative. We don't know if the multilevel support holds or not. It depends probably mainly upon Bitcoin - if BTC makes dead cat bounce DFI will raise as well.
🌟 Next pump in DFI? The lack of significant volume makes it difficult in DFI to apply proper technical analysis. But so far, it looks like it could make another pump soon if resolving this triangle to the upside.
DeFiChain (DFI) hold strong volume supportDeFiChain (DFI) hold strong volume support - several times now.
A break below that volume level would be a bad sign - everything above allows thoughts of higher courses.
A confirmed breakout of the OBV resistance would be a very strong bullish signal 😎
Drop me a nice comment if you'd like me to analyze any other cryptocurrency or do another comparison.
*no financial advice
do your own research before investing
UNISWAP is a hidden crab!crab harmonic pattern:
AB=0.61 XA
BC=0.38 AB
tp1=1.6 BC=$97
tp2=2.6 BC=$341
tp3=3.6 BC=$1192
tp4=1.6 XA=$8423
HOT is forming bat reversal on the 5th wave of Elliottbat harmonic pattern:
3-4=0.5 X-3
4-5=0.38 3-4=$0.0142
or
4-5=0.88 3-4=$0.027 *more likely*
tp1=1.6 4-5=$0.0042
tp2=0.88 X-3=$0.0037
tp3=2.6 4-5=$0.00132
Balancer at the end of the 1st wave of Elliottcrab harmonic pattern:
AB=0.61 XA
BC=0.88 AB
tp1=1.6 BC=$97
tp2=2.6 BC=1.6 XA=$465
tp3=3.6 BC=$2075
DFI.Money (YFII) Breaks Resistance + TargetsYFIIBTC (DFI.Money) has broken above the resistance in the form of a trend line and EMA10/50 and is now ready to move higher.
We have a volume breakout,
Prices moving above EMA10/50,
Strong RSI,
And a bullish MACD.
All these signals are pointing to higher prices.
You can find the next targets marked on the chart with a green line.
Namaste.
DeFiChain DFI long time Consolidation*** This is just for educational purpose, not an investment advice. I am not a financial advisor, just sharing my own analysis.
DeFi Is Testing The Highs: Can Break Out Any Time!DeFi Chain from Julian Hosp is currently testing the highs of the Equilibrium between 3 & 4 Dollar psychological. It's a very significant EQ range since it's been tested 3 times both to the up & downside on the Daily, this is the 4th test currently to the upside.
=> A break can result in significant follow-through up to 5 & 6,5 Dollars given the previous bull pole, so another 25% to 60% rise.
If the break to the upside fails, we will stay in the Equilibrium range (obviously).
A look to the Weekly chart shows the strength of the bull pole clearly: It's a 2000% move up since the lows at 20 cents, and therefore, the probability of continuation is a lot higher.
As always, the bullish continuation requires correlation to the rest of the crypto market & especially grandpa Bitcoin to stay positive.
Some fundamentals : They just recently burned 156 million tokens (worth around $400 million). They have around $500 million in assets on their platform and around $170 million in top line revenue in Q1. You can read more here: www.linkedin.com
Dump and Pump!with the shark harmonic pattern on the 5th wave could drop to 2.7 or 1 and then pump to 80.
The key levels on the path of slideshark harmonic pattern:
AB= 0.61 XA
BC= 1.6 AB
CD=1.6 BC or 2.24 BC
DE=0.38 CD or 0.618 CD
The key levels on the path of slideshark harmonic pattern:
AB=0.38 XA
BC=2.24 AB *invalid*
CD=1.6 BC or 2.24 BC
DE=0.38 CD or 0.68 CD
ABC correction is coming!It has the cypher harmonic pattern on the 5th wave and could drop to 0.4 or 0.27.
DFI.Money (YFII) vs TetherUS (USDT) Targets Up To $8,600YFIIUSDT (DFI.Money) is looking really good now that it is trading above the Nov. 2020 peak price. This resistance level was conquered yesterday (yellow on the chart).
Today we are having a continuation of this move and the next target is sitting at $3880.
We also have $5685, $7487, and $8600 depending on how things go, but it looks like this can go on for long.
The $2300 - $2700 price range should work great as support if prices drop and consolidation needs to take place before moving higher, this is the main support level followed by $2000.
YFIIUSDT is looking bullish as well as YFIIBTC.
Thanks a lot for reading.
Namaste.
