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DFIBTC

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
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by Edgy_
1
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