Hello Defires! Here is a recap of his latest DeFi alpha call on Discord on November 7, 2022.
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DeFi Alpha is a weekly newsletter published for premium subscribers, contributed by Defiant Advisors and DeFi investors. 4RC, DeFi Daddyand our Degen in Chief yyctraderIt aims to educate traders, investors and newcomers on the investment opportunities in decentralized finance and to provide primers and guides on emerging platforms.
What do you have this week?
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US election
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inflation rate
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dollar looks promising
This year has been pretty predictable for a year with midterm elections. If this trend continues, the rest of the year should be smooth sailing.
After the results come out, the market should take some time to think about them and move on. But from the Fed’s perspective, we have to consider that this year is definitely not normal.
The S&P has abandoned part of its rally, but it looks like it is rallying again. Due to the link we see between cryptocurrencies and the stock market, this should be monitored.
The 200-day moving average is currently acting as resistance. The 200 days is basically the sand line that separates the bullish and bearish trends. Now the question is, will this trendline get rejected again and go back to support or get out of here.
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