Total DEFITotal DEFI Analysis
Time Frame 1M, 1W
Support and Resistance
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In Chart
TOTALDEFI trade ideas
CRYPTO MARKET CAP BULLISH LEVELSWe need to go up to 123 and stay there to be bullish. Also, be aware of the triangle.
Total Defi Market Rising Wedge Pattern Forming?im new to the whole technical analysis thing, but tell me if this looks like a bullish continuation signal to you? CRYPTOCAP:TOTALDEFI
Crypto Total DeFi Market Cap Setting Up To Push HigherWhile we didn't get the 'DeFi Summer' that many expected, things appear to be heating up in DeFi right now, going into 2022.
The Crypto Total DeFi Market Cap chart in TradingView here is showing bullish signals both on the daily candle (which is sitting nicely on the uptrending 21 day EMA, which I call a 'Rocket on the Launchpad') -- but also our custom indicators are showing an upswing in DEFI projects right now.
We created an 'Early Reversal Indicator' which correctly called the mid-summer low on July 21st and also the September 30th lows. While it's not 100%, as with anything, the nuances are everything.
Our 'Trend Indicator' is also printing a fresh 'Bell' signal, which indicates a longer swing trend is setting up (5-7 days or longer).
Should be interesting to see if we do see DeFi push higher here as one of the newest leading sectors of 2022.
Let me know your thoughts below!
2022 Is a DEFI YearDEFI Total Market Cap Pullback Above The Previous Trend Line ,Its About To Hit The ATH
The Setup Is Extremely Bullish📥 Total DEFI Market Cap Sitting At The Strong Support , About To Start a New Rally
DEFI: The future or a Shortplay ?2H: Still a higher high but getting testet rn.
2D: Bulls could not hold the top area above 156244B $ MC.
2W: If bears take the control and the dip last week was the start of the bear market i see a possible bottom around 75B $ MC.
I think if regulations come in the US that they will hit DEFI, Stablecoins and interest on Stablecoins harder than the rest of the market!
[UPDATE TOTAL DEFI MARKET] 3rd cycle driven by cardano/elrond?It looks like we are approaching in 35 days one more bullish run for the defi market. The bitcoin dominance support this theory.
Target 800M$
Defi compared to ETHThis ratio sugests eth will continue to outperform Defi over the next several weeks before the correction is completed.
Where Does #DeFi Go From Here? (extraordinary ROI potential )After Growing more than 6000x since Apr-2017 , during 4 Years ago , Where Does DeFi Go From Here?
If you have been following blockchain, you have probably already heard of the recent emerging industry called DeFi, which has experienced substantial growth, and is now worth over $123 billion. Everyone is talking about Decentralized Finance and DeFi projects.
But why?
Before we go any further, let’s explain what exactly DeFi is, and why it’s so important.
DeFi follows the idea of rebuilding the infrastructure of financial services and moving it into a fully decentralized structure, removing the need for third parties such as companies and governments. We need DeFi because it has the unique opportunity to revolutionize the global financial landscape.
According to crypto market data aggregator Dune Analytics, we can see that cumulatively, the total number of unique DeFi user addresses has grown , an increase of roughly more than 20 times over the past year.
While DeFi is, without a doubt, a revolutionary concept, the question is , is it possible to replace the deep-rooted traditional financial system by defi?
The financial world has transformed drastically over the last decade. We have witnessed unprecedented growth of fintech and digitalization of financial services at scale. However, nothing comes close to the revolution brought with the origin of Blockchain, through the first cryptocurrency — bitcoin.
Back in 2008, when the world was hit with economic recession due to the bankruptcy of US investment bank, Lehman Brothers Holdings, people’s shattered trust demanded a change in the financial ecosystem which led to the commencement of bitcoin, introducing the world of finance to a simple yet powerful concept of decentralization through Blockchain.
Aiming towards Decentralized Finance (DeFi), we need to understand that a total replacement of the traditional system is impossible. On the other hand, we have had a taste of the powers of DeFi such as high interest, more transparency, and lower transaction fee. Therefore, we are stuck in a world which is not completely ready to replace the traditional system but not ready to give up on this futuristic technology as well.
Filling the gap between traditional financial systems and decentralized systems is where our dilemma ends.
Conclusion
It's probable that we are still very early on when it comes to the rate of DeFi adoption. Freedom from the monetary control of centralized institutions is the ultimate vision of this movement.
The growth of decentralized finance (DeFi) has been the big cryptocurrency story of 2020, and with good reason. We're probably looking at the future of the Financial Services industry; however, there is still a long way to go.
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