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YFI to 35k - How long will it take to get there?YFI has shown its Bullish potential over the last week, as price has bounced off the MA50 on the 1D chart, and the MA50 crosses up and over the MA100 on the 4HR chart. Currently it is at the top of the Keltner Channel, signifying a correction. We may not have a big enough bounce off the MA50 to keep us out of danger in the short term, so we could see another drop back down to areas of higher support, and a consolidation. MACD crossover shows it favors the Bulls, which was what brought the token into gains of over 100% recently. RSI is at 59, which is a perfect buying zone to be in, as this increases to 70s or 80s we will dip into the overbought zone and have our potential correction. Otherwise, if this does play off the MA50, we should see it reach the goal in a shorter timeframe. 35k is not the end, just the level that YFI needs to become relevant in mainstream. There was a lot of buying pressure recently, as YFI dipped down to 8k, which saved it from further danger. But its not out of the woods yet.
BINANCE:YFIUSDLong
by Shwayze
14
11.11.2020 - DeFi IndexHi Traders! Today, in the analysis, we will look at the DeFi sector, ie decentralized finances. If we want to characterize the year 2020 in terms of cryptocurrencies, it would probably be the year of COVID, halving, and the just mentioned DeFi. Decentralized finances turned out to be great this year, and it was these cryptocurrencies that were a sign of summer growth. This sector grew the most in the summer. But what do we see on the chart? Do we see any specific coins? You can currently see the DeFi index on the chart. This index includes essentially all cryptocurrencies that somehow fit into the DeFi sector. So instead of watching each chart separately, we can monitor the entire industry on one. As is clear from the chart, we experienced huge growth in the summer, which was later replaced by a decline. Within 65 days, the entire industry fell by 60%. However, in this chart, we can also see the change and impulse. The whole DeFi eventually returned exactly where it started. On the chart, we see strong support and a falling wedge pattern. Last week we broke this pattern upwards, which was also seen on specific altcoins. It was a very important first impulse to make a difference. Are we at the bottom? Is the correction complete? Is it worth jumping into DeFi again? We don't know if we have reached the final bottom at this point, but we have interrupted the 65-day downtrend anyway, so we can wait at least a few days and maybe weeks of growth. May the crypto be with you!
FTX:DEFIPERPLong
by DolleroTechnology
BUYING KAVA on OVERSOLD / BULLISH MACD WEEKLY - ABOVE AVG BUYVOLBUYING KAVA on OVERSOLD / BULLISH MACD WEEKLY - ABOVE AVG BUY VOLUME! Kava is a cross-chain DeFi platform offering collateralized loans and stablecoins to users of major crypto assets (BTC, XRP, BNB, ATOM, etc.). It is supported by over 100+ business entities around the world, including prominent crypto funds and major crypto projects like Ripple and Cosmos. The platform features two tokens: KAVA, a governance and staking token responsible for securing the network and voting on key parameters; and USDX, an algorithmically maintained stablecoin backed by crypto asset collateral. Kava is a cryptocurrency with its own blockchain. The most actual price for one Kava is $1.54. Kava is listed on 6 exchanges with a sum of 13 active markets. The 24h volume of is $1 991 110, while the Kava market cap is $51 431 242 which ranks it as #142 of all cryptocurrencies. You can find more information about Kava on kava.io
by HodlTradeCrypto
3
USDCHF H4 - NeturalUSDCHF H4 - Major support and resistance range marked on showing a 180 pip potential, please listen to the above voice note, we don't want to be caught on the wrong side of big fundamental moves! Try and work from higher timeframes if you're comfortable as this would allow breathing space for intraday highs and lows, effectively meaning we can ride some of the less detrimental headlines. Market risk is heavy, hence USD strength, although we are at major resistance on a 180 pip range setup.
by Trade_Simple_FX
What Are NFT Tokens And How Do I Get It?NFT is a new round of the DeFi trend. Some yield farming sites began to add not only the mining of ordinary tokens but also collectible (NFT) tokens. The main difference between NFT tokens and regular ones is that they are not fungible. For example, fiat currencies are fungible because each unit is equivalent. The ten-dollar bill can be replaced with any other original ten-dollar bill. NFT tokens are unique, they can serve as collectibles, tokenized assets, etc. Previously, NFT tokens were used in games. Now they have appeared on the yield farming protocols. You can combine not only the farming of platform tokens but also mine unique NFT tokens that can be exchanged or sold in various markets. Remember that decentralized finance is only at an early stage of development right now. Best regards EXCAVO
FTX:DEFIPERP
by EXCAVO
2