DeFI Coin Market Anticipation: DEFC Is Set for a Bullish Reversal

Updated:

DeFI Coin Market Anticipation – May 18

The DeFI Coin market anticipation is for a market reversal at the oversold level at $0.3130.


DEFCUSD Long-Term Trend: Bullish (1-hour chart)

Key Levels:
Supply Zones: $0.3530, $0.3420
Demand Zones: $0.3320, $0.3130
DeFI Coin Market Anticipation: DEFC Is Set for a Bullish ReversalDEFCUSD initiated the buy-side delivery when the market was oversold on the 14th of March. The demand zone at $0.3130 was reached. This caused the market to reverse to seek resistance levels.


DeFI Coin Market Anticipation: DeFI Coin Outlook

Defi coin buying pressure increased when the Stochastic and RSI (Relative Strength Index) signified the market was oversold. This caused the market to ascend from $0.3130.

As the price of DEFC rose, the bulls faced temporary resistance at $0.3420 on the buy-side. The bulls eventually pulled through but were stopped at $0.3530.

There was a structural shift beneath $0.3530. The market was in oversold regions, signified by the Stochastic and the RSI. The resistance level was tested once more before the market finally reversed on the 17th.


DEFCUSD Medium-Term Trend: Bullish (15-Minute Chart)

DEFCUSD dipped below the demand zone at $0.3320. The market has slumped to the next demand level at $0.3130. The Relative Strength Index Indicator is below the 40 level, which means the market is already oversold. Similarly, the Stochastic indicator is also revealing that the market is oversold.
DeFI Coin Market Anticipation: DEFC Is Set for a Bullish ReversalA reversal is currently anticipated in the market. The bulls are expected to go along with the aid of the support level to aim for $0.3320.

You can purchase DeFi Coin here: Buy DEFC

Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.