DEFI Index / USD Log Ascending ChannelDEFI Index versus US Dollar - Log Ascending Channel, using FIB channels as ladders and Heikin-Ashi Candles to take out the noise.
Key stats
DEFI Season 2300 Is a Place Wave 2 Will Complete ,I Expect a Huge Move Up For DEFI Projects In Near Future ,It Will Surprise Many Of You
DEFI to perform in the next few months?touch the trendline and the bottom of the GC around the end of august
Need a bullish divergence on the DAILY RSI to start ALT SEASONDividing marketcap of DEFIPERP / BTCUSD.
Once we get that bullish divergence on the daily RSI, it's gonna be party time for ALTS.
DEFI vs BTC - Beautiful Bullish Divergence!Last time we had such a beautiful bullish RSI divergence, we went up 300%.
$DEFI is toast: nice short...I think we are likely to see a massive move down in DeFi names, the contract issued by FTX is a nice way of riding the eventual move down, which can be magnified if we get some large protocol issue, or some unexpected black swan event causing a cascading decline of epic size as a gigantic levered bu
DeFi index, wave 5 failure, this should crash even more a topical wave 5 fail
the whole structure must retrace
Muh Alts :-(It's that time of the year everyone. First targets are half off. This was a low risk trade at the .618 retrace. If stopped out, will look for shorts at .786 / .887 of the move.
Technical Analysis : As the market giveth, it will also taketh
Fundamentals Analysis : #elon2021
Would you short Defi here?!Defi has been for a long time in this box…and now we are at the bottom of it…I believe in upcoming months we will break this down and go even lower but honestly i believe in an uptrend for a short period of time.
I would not short fundamental Defi projects here at least for now!
Always a student…Le
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