The Hourly View for DeFiChain
- Currently, DFI’s price is up $0 (0.12%) from the hour prior.
- DeFiChain has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls.
- If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe.
- The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
- Divergence between DFI’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in DFI’s price.
https://storage.googleapis.com/sjn-charts/oneaidmts/DFI-1627477187.98445.png
DeFiChain’s hourly price chart is shown below.
The Daily View for DeFiChain
- Currently, DFI’s price is up $0.05 (2.04%) from the day prior.
- It’s been a feast for bulls operating on the daily timeframe, as DeFiChain has now gone up 5 of the past 5 days.
- Regarding the trend, note that the strongest trend exists on the 50 day timeframe.
- Most noteworthy in the world of moving averages on the daily chart is that the 50 day moving average has been crossed, so that price is now turning above it. The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
Below is a daily price chart of DeFiChain.
Featured NA Commentary From Twitter
The JPY is the strongest and the NZD is the weakest as NA traders enter for the day https://t.co/u5dRKIQIhv https://t.co/0VnPySpURS
— gregmikeFX
The post DeFiChain Just Breached This Major Moving Average Level appeared first on CFDTrading.
This post first appeared on Complete CFD Trading Guide, News And Analysis, please read the originial post: here
