DeFI Coin Market Expectation: DEFCUSD Makes Progress in an Upward Direction

Updated:

DeFI Coin Market Expectation – July 13

DeFI Coin market expectation is for the price to keep progressing in an upward direction until it completes its upward reversal and reaches higher price levels.

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

Key Levels:
Supply Zones: $0.12200, $0.13890,
Demand Zones: $0.10000, $0.11330

DeFI Coin MarketDeFI Coin recently broke the lower border of its consolidation zone in a bearish round. This move was predicted to trigger the market investors into action to regain their influence on the price. This is turning out as predicted. The first step is that the downward trend had been halted. Now price is gradually tilting upwards.

DeFI Coin Price Forecast: DEFCUSD Market Prospects

DeFI coin has been ranging for a while, moving in a sideways trend. However, the aggressive nature of the sellers is set to cause a total redirection for the market.
 
By breaking to the downside of the consolidation lower frame, the bulls are now incited to retaliate in a greater measure. This is beginning to play out as the market is now making progress towards an upward direction.

The RSI (Relative Strength Index) indicator vividly depicts progress with its line trudging upwards. This is decreasing volatility in the market, as shown by the ATR (Average True Range) indicator.

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

The 15-minute chart shows that when the price was dropping, the sellers didn’t have a free run as the downward movement was contested at different price levels. However, with every drop in price, the bears became weaker and the buyers stronger till they were able to halt the downtrend and begin the process for a reversal.
DeFI Coin MarketThe upward progress being made by DEFCUSD is more pronounced in the short time frame. The RSI once again let us see that there is definite progress upward, although not particularly smooth. The ATR indicator also shows reducing volatility nonetheless.

You can purchase DeFi Coin here: Buy DEFC

NoteLearn2.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.