TradeCityPro | DEXE: Unveiling DeFi Synergies👋 Welcome to TradeCityPro!
In this analysis, I will be examining the DEXE coin, a DeFi protocol utilized by prominent projects such as Chainlink and Venus.
📅 Weekly Timeframe
In the weekly timeframe, we observe a strong and powerful upward trend that started at the base of 1.940 and has followed a curved trend line up to 17.493.
📈 Currently, after a correction down to 7.18, bullish momentum has re-entered the market, and the price has once again reached 17.493. The RSI is also entering the Overbuy territory, and with the increasing buying volume entering the market, everything is set for the price to move upwards.
✅ Should the price move and stabilize above 17.493, we can expect an increase in price, reaching Fibonacci targets such as the 1 and 1.618 Fibonacci Extension levels, approximately at the 43 and 133 zones.
🔽 In a correction scenario, if the price fakes breaking the 17.493 resistance and starts a new correction phase with a breach of the curved trend line, the correction phase will commence. Key supports are at 7.18, 5.072, and 2.767, and if the 1.940 support breaks, a bearish trend in the High Wave Cycle will start.
📅 Daily Timeframe
In the daily timeframe, we see a solid and powerful ceiling at 20.022, where after significant buying volume and a rise from 7.180, the price has reached and struck twice. If this area is breached, the price could move upwards and set new ATHs.
✨ Increasing buying volume and RSI entering Overbuy will greatly assist in driving the price up and initiating a trend. Conversely, in a price correction, a break of 50 in the RSI could deepen the correction and we could witness a significant price adjustment.
🧩 For a deep correction, the price needs to stabilize below 13.704. In this case, we can expect the correction to continue down to 7.180.
⏳ 4-Hour Timeframe
Let’s delve into the 4-hour timeframe to outline the triggers for futures positions.
🔼 For long positions, the only trigger currently present is breaking 20.767. If this area is breached or the price pulls back to this area, we can enter a long position. The RSI entering Overbuy, as mentioned in other timeframes, will aid price momentum.
📉 For short positions, it is crucial to note that the price is near its ATH, creating a very strong supply zone. Consequently, if the price is rejected from this zone, bearish momentum could enter the market. Therefore, we could take an early and risky entry for a short position at the break of 16.441 and wait for the main position at the break of 13.447.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
DEXEUSDT
DEXEUSDT: Bullish Potential Amidst Recent RejectionVolume Surge: A significant 114% daily volume increase suggests strong interest in DEXEUSDT.
Price Rejection: Despite the recent price rejection, buyers are actively defending key support levels.
Potential Buy Zones: The blue boxes highlight areas where buyers may step in to support the price.
Risk Management: The red lines indicate potential stop-loss levels for short positions.
Trading Strategy:
Long: Consider entering long positions near the blue box support levels, with stop-loss orders below the red lines.
Short: Short positions could be considered with tight stop-loss orders above the recent price highs.
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always conduct thorough research and consider consulting with a financial advisor before making investment decisions.
I keep my charts clean and simple because I believe clarity leads to better decisions.
My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups.
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$LSD7 Surges 450% After Delisting: A Rejuvenated NarrativeIn a surprising turn of events, $LSD7, a Web3-based decentralized digital asset management protocol, has surged by an impressive 450%. This surge comes despite being delisted by Houbi Global last year, a move that had initially sparked concerns among holders. Now actively traded on exchanges like Bitget and MEXC, $LSD7 has reached a market cap of $2+ million, up from a previous low of $700k, signaling renewed optimism for the project.
Resilience Amid Challenges
$LSD7 has faced significant hurdles, including a delisting by Houbi Global and a steep decline from its all-time high of $47. Despite these challenges, the recent 450% surge highlights the token's resilience and potential for a turnaround.
The protocol’s core focus on Web3-based decentralized digital asset management positions it as a key player in the blockchain ecosystem. By offering one-stop asset investment and configuration services, L7 caters to professional investors, institutions, and individuals. This comprehensive approach, coupled with a vibrant and engaged community, has contributed to its ability to bounce back in the market.
L7: A Pioneering Web3 Protocol
L7’s mission to redefine digital finance through decentralization and user empowerment sets it apart. By integrating advanced Web3 technologies, the protocol ensures user control over investments while maintaining robust infrastructure and security. This dual focus on innovation and inclusivity has bolstered its reputation, even during challenging times.
The platform serves as a traffic aggregation hub, enhancing the flow and accessibility of digital assets across networks. This strategic positioning underscores its potential as a cornerstone in the evolving blockchain ecosystem.
Technical Analysis
Technically, $LSD7’s price action presents a compelling case for a continued upward trajectory:
1. Cup and Handle Formation: The chart reveals the formation of a cup and handle pattern, a bullish indicator in technical analysis. While the handle and U-shaped base are complete, the right side of the cup has yet to fully form. This suggests further upside potential as the pattern completes.
2. Market Cap Growth: The surge from a $700k to a $2.6 million market cap indicates renewed investor interest and a rejuvenated narrative for the token.
3. Relative Strength Index (RSI): Currently at 48, the RSI indicates that $LSD7 is not yet overbought. However, a higher influx of buyers and trading volume will be crucial to sustain the bullish momentum and push the RSI into stronger territory.
4. Trading Volume: With a 24-hour trading volume of $20,313.68 USD, the increased activity highlights growing market engagement, further supporting the bullish outlook.
Future Outlook: Rewriting the Narrative
The recent surge has breathed new life into $LSD7, transforming it from a struggling token into a rejuvenated project with significant upside potential. The completion of the cup and handle pattern could serve as a catalyst for further gains, potentially attracting more investors to the platform.
However, caution is advised. While the fundamentals and technicals paint a positive picture, sustained growth will depend on continued community support, ecosystem development, and broader market conditions. Traders should monitor key levels, including the $2+ million market cap and RSI movements, to gauge the token’s next moves.
Conclusion
$LSD7’s 450% surge is a testament to the resilience and potential of the Web3 protocol. With strong technical indicators and a solid fundamental foundation, the token appears poised for a bullish continuation. As it regains market confidence, $LSD7 could emerge as a pivotal player in the decentralized digital finance space, offering both challenges and opportunities for investors.
Will DEXEUSDT Be the Next Market Leader? - DeXe◳◱ On the BINANCE:DEXEUSDT chart, the Bband Breakout pattern suggests an upcoming trend shift. Traders might observe resistance around 12.742 | 15.315 | 20.602 and support near 7.455 | 4.741. Entering trades at 11.943 could be strategic, aiming for the next resistance level.
◰◲ General Information :
▣ Name: DeXe
▣ Rank: 151
▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Mexc
▣ Category / Sector: N/A
▣ Overview: DeXe project overview is currently unavailable. I'll try to update this in the upcoming analysis.
◰◲ Technical Metrics :
▣ Current Price: 11.943 ₮
▣ 24H Volume: 50,568,227.836 ₮
▣ 24H Change: 9.338%
▣ Weekly Change: 40.39%%
▣ Monthly Change: 39.05%%
▣ Quarterly Change: 35.69%%
◲◰ Pivot Points :
▣ Resistance Level: 12.742 | 15.315 | 20.602
▣ Support Level: 7.455 | 4.741
◱◳ Indicator Recommendations :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Summary of Technical Indicators : STRONG_BUY
◲◰ Sharpe Ratios :
▣ Last 30 Days: 2.41
▣ Last 90 Days: 1.19
▣ Last Year: 1.42
▣ Last 3 Years: 0.43
◲◰ Volatility Analysis :
▣ Last 30 Days: 1.19
▣ Last 90 Days: 0.93
▣ Last Year: 1.01
▣ Last 3 Years: 1.03
◳◰ Market Sentiment :
▣ News Sentiment: N/A
▣ Twitter Sentiment: N/A
▣ Reddit Sentiment: N/A
▣ In-depth BINANCE:DEXEUSDT analysis available at TradingView TA Page
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◲ Disclaimer : Disclaimer
The content provided is for informational purposes only and does not constitute financial, investment, or trading advice. Always conduct your own research and consult a qualified professional before making any financial decisions. Use of the information is solely at your own risk.
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DEXE Technical Analysis in Daily TimeframeHello everyone, I’m Cryptorphic.
For the past seven years, I’ve been sharing insightful charts and analysis.
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Now, let’s dive into this chart analysis:
CRYPTOCAP:DEXE is currently near the support trendline and slightly below the 35 EMA, indicating a potentially critical point for the asset.
A breakout above the 35 EMA will likely push the price toward the resistance trendline at $12.37. CRYPTOCAP:DEXE has managed to hold the support trendline, and it must continue to do so to maintain the rally.
Key levels:
- Support Trendline: $8.536.
- Primary Resistance: $10.24.
- Higher Resistance: $12.37.
- Invalidation Point: A close below the support trendline.
DYOR, NFA.
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#PEACE
#DEXE#DEXE
We have a bearish channel pattern on the 12-hour frame, within which the price moves and adheres to its limits well
We have a green support area at 11.30 after the price touched it and bounced from it
We have a tendency to stabilize above moving average 100
We have a downtrend on the RSI indicator that supports the price higher with a breakout
Entry price is 12.30
First goal 14.28
The second goal is 15.42
the third goal is 16.90
#DEXE #DEXE
We have a bearish channel pattern on the 12-hour frame, within which the price moves and adheres to its limits well
We have a green support area at 11.30 after the price touched it and bounced from it
We have a tendency to stabilize above moving average 100
We have a downtrend on the RSI indicator that supports the price higher with a breakout
Entry price is 12.30
First goal 14.28
The second goal is 15.42
the third goal is 16.90
DEXEUSDT(DeXe) Daily tf Range Updated till 08-03-24DEXEUSDT(DeXe) Daily timeframe range. another alt with impressive continuous pump. trying to get through 11.435. a retrace would make the push more solid but it still got fuel to cross a little bit of retail interest can do the job. clearing out can led it to 15.558.
DEXEUSDT 1 Hour HH Break'sDEXEUSDT Trade Plan Timeframe: 1H
#Forex #DEXEUSDT #TechnicalAnalysis #CryptoSignal #TradingOpportunity #Divergence #TradingSignal #TradingwithBelieve
Hey traders! 👋 Let's dive into a potential trading opportunity on the DEXEUSDT pair using technical analysis. 📊
📉 Previously Bullish Trend:
Firstly, on the 1H- timeframe, we've been witnessing a Bullish trend in the DEXEUSDT pair. 🐻
🔄 DEXEUSDT is in strong bullish trend:
DEXEUSDT is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH. if the market successfully sustain this bullish confluence the next leg high could go for new HH. 📉🔄:
📊 Trade Opportunity:
Currently, we are looking at a potential trade opportunity with a Bullish bias.
📈 Entry Price: 2.399
🎯 Stop Loss Level: 2.306
🚀TP1: 2.492
💰 Investment Advice:
Please remember that trading carries risks, and it's essential to have a well-defined trading plan, proper risk management, and stop-loss orders in place. This analysis is for educational and informational purposes only and should not be considered as financial advice. Make sure to do your research and consider your risk tolerance before entering any trade.
Happy trading, and may the pips be in your favour! 🚀📈💰 #HappyTrading #ProfitOpportunity #TradeSmart #CryptoSignal #StockSignal #TradingwithBelieve
$DEXE looks good on Demand Zone How to identify the Demand Zone?
Drop spin Rally :
Step 1: Initially, the prices were falling down as there could be sellers activated in the stock.
Step 2: The price will move in a range because there is an imbalance between buyers and sellers.
Step 3: Finally the prices will further move up with more buyers dominating the prices.
Rally spin Rally :
Step 1: Initially, the prices were moving up as there could be buyers activated in the stock.
Step 2: The price will move in a range because there is an imbalance between buyers and sellers.
Step 3 : Finally the prices will further move up like a rocket with more buyers dominating the prices.
DEXE/USDT - DeXe: Resistance_Breakout◳◱ A Resistance Breakout has been identified on the $DEXE / CRYPTOCAP:USDT chart. The price has broken above a key resistance level, indicating a potential bullish trend. The next resistance key levels are located at 2.371 | 2.461 | 2.642, and the major support zones can be found at 2.19 | 2.099 | 1.918. Consider entering at the current price zone of 2.32 and targeting higher levels.
◰◲ General info :
▣ Name: DeXe
▣ Rank: 261
▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Mexc
▣ Category/Sector: N/A
▣ Overview: DeXe project overview is currently unavailable. I'll try to update this in the upcoming analysis.
◰◲ Technical Metrics :
▣ Mrkt Price: 2.32 ₮
▣ 24HVol: 378,290.078 ₮
▣ 24H Chng: -0.043%
▣ 7-Days Chng: 2.29%
▣ 1-Month Chng: 16.93%
▣ 3-Months Chng: -26.85%
◲◰ Pivot Points - Levels :
◥ Resistance: 2.371 | 2.461 | 2.642
◢ Support: 2.19 | 2.099 | 1.918
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: 1.64
▣ Last 90D: -1.33
▣ Last 1-Y: -0.01
▣ Last 3-Y: 0.45
◲◰ Volatility :
▣ Last 30D: 0.96
▣ Last 90D: 0.75
▣ Last 1-Y: 0.98
▣ Last 3-Y: 2.05
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is N/A
▣ Reddit sentiment score is N/A
▣ In-depth DEXEUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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The Bullish Turn: A Closer Look at #DEXEUSDT's Recent Performanc💎 Last week, #DEXEUSDT took a trip down memory lane and retested the previous low, shaping what appears to be a double bottom. At this juncture, MACD flashed a bullish divergence, which was followed by a price breakout above the downtrend trendline.
💎 Fast forward to today, we're seeing a clear rejection of that trendline, now playing the role of support. Alongside this, there's a precise bounce from the 78.6% Fibonacci retracement level, adding more horsepower to the bullish outlook.
💎 In a nutshell, #DEXE's trend could be shifting gears to bullish, even for the mid to long term. But let's not get ahead of ourselves. Our focus should be on the 78.6% resistance and the May high. Only after clearing these hurdles, #DEXE's trend might start to skyrocket.
💎 Until then, keep your eyes peeled. A break below the current double bottom would be a red flag, potentially signaling the continuation of the downtrend. Stay sharp, Paradisers!
DeXe token formed bullish Cypher | A good buying opportunityHi dear friends, hope you are well and welcome to the new trade setup of the DeXe token with US Dollar pair.
Previously we caught a nice pump of DEXE in the below trade:
Now on a 2-hr frame, DEXE has formed a bullish Cypher pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
DEXE USDTHello guys this is my trading idea💡 about DEXE USDT .
MY idea💡 is I thing that sellers from this area will be defend this short position
and when the price come back to this area, strong sellers will be push down the market again
Downtrend + Strong volume area is my mainly reason for this short trade
If you like my job Follow and like and share Thank you
Turtle Trader 🐢
DeXe token formed bullish Gartley for upto 44% moveHi dear friends, hope you are well and welcome to the new trade setup of the DeXe token with BTC pair.
On a 4-hr time frame, DEXE has formed a bullish Gartley pattern:
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade