(DEFI) Investment Analysis and Advice

(DEFI) Investment Analysis and Advice

Spread the love

tradethepoolpool ads

February 08, 2024, 15:28 pm ET, BY Tom S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for DEFI
  • Buy DEFI slightly over 48.86 target 55.3 stop loss @ 48.72 Details
  • The technical summary data tells us to buy DEFI near 48.86 with an upside target of 55.3. This data also tells us to set a stop loss @ 48.72 to protect against excessive loss in case the stock begins to move against the trade. 48.86 is the first level of support below 54.05 , and by rule, any test of support is a buy signal. In this case, support 48.86 is being tested, a buy signal would exist.

  • Short DEFI slightly under 55.3, target 48.86, stop loss @ 55.46 Details
  • The technical summary data is suggesting a short of DEFI as it gets near 55.3 with a downside target of 48.86. We should have a stop loss in place at 55.46though. 55.3 is the first level of resistance above 54.05, and by rule, any test of resistance is a short signal. In this case, if resistance 55.3 is being tested, a short signal would exist.

Swing Trading Plans for DEFI
  • Buy DEFI slightly over 55.3, target n/a, Stop Loss @ 55.14 Details
  • If 55.3 begins to break higher, the technical summary data tells us to buy DEFI just slightly over 55.3, with an upside target of n/a. The data also tells us to set a stop loss @ 55.14 in case the stock turns against the trade. 55.3 is the first level of resistance above 54.05, and by rule, any break above resistance is a buy signal. In this case, 55.3, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short DEFI slightly near 55.3, target 53.51, Stop Loss @ 55.46. Details
  • The technical summary data is suggesting a short of DEFI if it tests 55.3 with a downside target of 53.51. We should have a stop loss in place at 55.46 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 55.3, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for DEFI
  • Buy DEFI slightly over 55.3, target n/a, Stop Loss @ 55.17 Details
  • If 55.3 begins to break higher, the technical summary data tells us to buy DEFI just slightly over 55.3, with an upside target of n/a. The data also tells us to set a stop loss @ 55.17 in case the stock turns against the trade. 55.3 is the first level of resistance above 54.05, and by rule, any break above resistance is a buy signal. In this case, 55.3, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short DEFI slightly near 55.3, target 53.51, Stop Loss @ 55.43. Details
  • The technical summary data is suggesting a short of DEFI if it tests 55.3 with a downside target of 53.51. We should have a stop loss in place at 55.43 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 55.3, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Real Time Updates are available on our Hashdex Bitcoin Futures Etf (DEFI) Page here: DEFI.

DEFI Ratings for February 08:

Term → Near Mid Long
Rating Strong Strong Strong
P1 0 0 43.11
P2 51.09 51.42 48.86
P3 51.8 53.51 55.3
Support and Resistance Plot Chart for DEFI

Blue = Current Price
Red= Resistance
Green = Support

Real Time Updates for Repeat Institutional Readers:
Instructions:

  • Click the Get Real Time Updates button below.

  • In the login prompt, select forgot username

  • Type the email you use for Factset

  • Use the user/pass you receive to login

  • You will have 24/7 access to real time updates.

From then on you can just click to get the real time update whenever you want.

GET REAL TIME UPDATES

Our Market Crash Leading Indicator isEvitar Corte.
  • Evitar Corte warned of market crash risk four times since 2000.

  • It identified the Internet Debacle before it happened.

  • It identified the Credit Crisis before it happened.

  • It identified the Corona Crash too.

  • See what Evitar Corte is Saying Now.

Get Notified When our Ratings Change:Take a Trial

Prudent Investment Analysis requires observations of the support and resistance levels for Hashdex Bitcoin Futures Etf (NASDAQ: DEFI) too.  These define prudent trading plans.

Warning:
Tags

Related News

crypto-visionary-kavita-gupta-foresees-modular-blockchains-dominating,-signals-defi-resurgence
value-locked-in-defi-nears-$100-billion-milestone-amidst-broad-market-uptick-and-lido-dominance-–-defi-bitcoin-news
value-locked-in-defi-nears-$100-billion-milestone-amidst-broad-market-uptick-and-lido-dominance