Why I am on bullish DPI?
Fundamental Analysis
Technical Analysis
- What is DeFi Pulse Index (DPI)? - DeFi Pulse Index (
DPIDPIWETH) is a capitalization-weighted index of top decentralized finance assets. In other words, you can get exposure with top DeFi assest without actually buying the indivdual asset. - The Team Behind - "DeFi Pulse Index (DPI) was built by the two of the most credible names in DeFi. Tokensets and Defi Pulse
- DPI Underlying Tokens
AAVE
YFI
UNI
SNX
COMP
MKR
REN
LRC
KNC
BAL
Technical Analysis
- From Nov. 5 to Dec 11, DPI price had higher lows - bullish signal
- Double bottom (encircle in red) - bullish signal
Note
Additional Technical Analysis* Price made higher low while RSI indicator made lower low (green trend line) - hidden bullish divergence
* Also noticed that every time RSI breaks 53, price tends to increase significantly
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.