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Defichain

DFIUSDT testing the 1D MA50 with strong break-out sentiment*** *** For this particular analysis on DeFiChain we are using the DFIUSDT symbol on the KuCoin exchange. *** *** The idea is on the 1D time-frame where DFI has been on Lower Lows since July 02 and is on a 3 day rally attempting to see if this will materialize a Lower Highs trend-line of a Channel Down. What's standing in the way now is the 1D MA50 (blue trend-line). A break above should test the Lower Highs and confirms if this is a bearish Channel or not. This should coincide with a 1D MA100 (green trend-line) test, which should be critical for the long-term as this trend-line has been untouched since May 10 2022. A break above can potentially mean a return to the bullish trend, at least on the medium-term, until the 1D MA200 breaks. The bullish bias seem stronger as the MACD on the 1W time-frame is close to forming the first Bullish Cross since February 20 2022, which resulted in a +50% rise. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
Long
by TradingShot
3
Defichain - NO MANS LANDDefichain had lost a lot since its peak at 12000 satoshis. Declining prices in cryptos and markets in genereal in combination with the uncertainty with DUSD (Defichain stablecoin) has led to the situation that this project is currently not worthwile for investing. - on the short time On long time this project has still its entitlement for big gains. Strong development, more and more listing on central exchanges and a community, who wants to solve this blockchains problems makes it worthwile to keep an eye on DefiChain. Lets get technical: Currently the price found its first bottom at 80 dollar cents and consolidates between the 0.782 and 0.88 fib-retracement. There are no impulsive structures, which indicates rising prices. Over the last weeks it formed a bear-flag, which broke on the downside (valid retest the channel). As long as DUSD doesnt get fixed properly, I believe that the price will consolidate in the WHITE BOX (0.8 -1.2$). This shows the yellow path. A more optimistic path would be the green one, if it breaks the strong resistance at 1.2$ At the moment, price is at support level at 0.9$ (four times validation). If it breaks, there will be a retest at 0.8$ or even worse the 0.88 fib-retracement at 0.62$ (could also be final elliot-wave 5). All in all, these consolidation patterns had an average duration from about 500+ bars on 4h timeframe. The blue vertical line shows its potential end. I am still bullish after we finished consolidation and fixed DUSD problem. Good evening!
by Guenter_Seidner
Bitcoin Daily March April 06I haven't moved the green line since Jan 11th. The price has been ranging along the Green Line using the 50,100,200 Day EMA quite accurately. In my opinion we need to remain above the Green Line for two or three days and bust through the 200 Day MA for a signal in sentiment. -Keeping an eye on the news around the conflict in Ukraine; --the idea is to associate volume with the ratio of positive and negative spin from the social media. --the more negative the news, the more sell pressure seemingly. -Buying more in small amounts, adding to LPs and swapping good amounts of rewards into stablecoins to hedge against selling has mitigated all losses from ATH. The hedge is profitable if portfolio is curated closely and compounded manually. Keep adding rewards to the pools and make more faster. =I use DFX Finance to swap Stables like an FX ; --DFX is also an AMM and the APRs are nice for stablecoin pairing (ex:CADC/USDC 20% APR) =I use DeFiChain to grow my BTC portfolio with the BTC/DFI LP either on CakeDeFi or the DeFiChain DEX. APY is attractive.
BITSTAMP:BTCUSD
by MannyAgogo
2
DeFiChain (DFI) Project Overview + Fib. LevelsAbout DeFiChain DeFi Blockchain is a decentralized blockchain platform specifically dedicated to enable fast, intelligent, and transparent decentralized financial services, accessible by everyone, everywhere. Running on a proof-of-stake consensus mechanism, it features proven security and immutability by anchoring its most recent Merkle root to the Bitcoin blockchain every few minutes. The platform also features unparalleled high transaction throughput for all transactions, and reliable decentralized governance, on and off-chain. The DeFi Foundation is located and incorporated in Singapore as a company limited by guarantee (resembling a foundation structure). The foundation is led by highly experienced blockchain experts Dr. Julian Hosp (chairman), and U-zyn Chua (CTO). The DeFi Blockchain is designed for investors in the cryptocurrency market who are looking to make their cryptocurrency work just like any other form of capital, such that they can ensure a return on investment in any market. Features of the blockchain include Decentralized: Lending, Wrapping of Tokens, Pricing Oracles, Exchanges, Transferable Debts and Receivables, Non-Collateralized Debt, Asset Tokenization, and Distribution of Dividends. DFI can be stored on an exchange, or in a wallet, and staked with high staking rewards via staking pools / services like Cake Defi. Source: Coinmarketcap.com Website: defichain.com --- We know that Decentralized Finance (DEFI) is what is going on this year 2020... This is where all the hype, excitement, and attention within the cryptocurrency markets are landing on... Here you have the full overview of this project as well as the Fibonacci levels mapped. (You can zoom out to see additional levels). Thanks a lot for your continued support. Namaste. ----- This is not financial advice. All the information shared here and/or by Alan Masters is intended only for learning/entertainment purposes. We are not responsible for your actions.
by AlanSantana
1