DFI/BTC: Ready for takeoff? Beautiful wedge pattern over the daily closing price chart in DFI/BTC. Works as well with normal candles but is here a little bit cleaner. Seems like if BTC does get bullish - DFI is getting extremly bullish!
DFIBTC trade ideas
<TradeVSA> DefiChain - Pullback with NS SignalSign of Strength in the chart:
1. Strong mark-up in the background
2. NS signal in the Pullback
3. Pullback completed with Green Pentagon
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
$DFIBTC breakout on weeklyDefiChain is breaking out on weekly (already done so 3 times so on Daily).
Some good volume inflow on #Bittrex
Bearish short term Well below 8W MA, 20W MA and 21W EMA with 43% emission/inflation creating large selling pressure. Bearish in the short term, however you can earn 240% APY currently on Cakedefi.com which makes DFI a clear buy and stake.
Buy and stake at these levels and enjoy the rewards.
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
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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.
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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.
