Hello Defires! Here’s a recap of his latest DeFi alpha call on Discord on November 21, 2022.
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DeFi Alpha is a weekly newsletter published for premium subscribers provided by Defiant Advisor and DeFi Investor. 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.
Despite being in a seasonally strong period, the market is waiting for liquidity issues with DCG and Genesis to be resolved.
If they manage to deal with the FUD or raise the funds they are looking for from some source, the market could be relieved of the oversold situation.
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We are back to our old range.
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The 1100 area is still held as support. It will be his 4th or his 5th time this is tested and the bulls hope it holds again.
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The first hurdle is getting back to the top of the range in the 1280 area.
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Another rejection at the 200DMA shows that the market is not yet ready to start a new uptrend.
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