✴️ DeFi Yield Protocol Hits Bottom, Full Analysis

10 de jul. de 2023

Another one | Now, this is a new project, this project became available on this exchange in 2022 and you know 2022 was the worst year for Cryptocurrency, so we are lucky to even see some bullish action on this chart.

I am using the black lines to denote the bearish waves. (#1)
I am using the purple lines to denote the consolidation phase. (#2)

The project we are looking at is DeFi Yield Protocol.
The pair is DYPUSDT.

The dynamic is this: The bearish wave leads to consolidation which is followed by a bullish wave.

#1 leads to #2 which leads to #3.

The bottom low hit in November 2022 led to a 200% bullish wave and this was in a very bad bear market.

The consolidation phase in 2022 was long in duration (time).

Now we have a new consolidation phase after an All-Time Low in 2023, this time the consolidation phase is short in duration (time).

Since market conditions are better, much more different, the growth potential is multiplied.

In the worst case scenario you can use a stop-loss. You define your own risk.

If it breaks up, you can be looking at 150%, 200%, 300%, 400% or more.

Very simple isn't it?

All the classic signals are available here, I think I will skip them so we can enjoy them on the next chart.

My appreciations go to you once more, who decides to read me on a Sunday, when you could be out there having fun.

Namaste.

And thanks a lot for your continued support.