DeFI Coin Price Anticipation DeFI Coin Jerks UpwardWith a Bullish Impulse

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DeFI Coin Price Anticipation – July 19

The DeFI Coin price anticipation is for the market to grow after an initial jerk upward from a depressed state. The price has broken the $0.087600 price level with the liquidity rush.
  

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

Key Levels: 
Supply Zones: $0.106200, $0.122000
Demand Zones: $0.087600, $0.080590
DeFI Coin Price Anticipation DeFI Coin Jerks Upward With a Bullish ImpulseDEFCUSD dipped after hitting the market’s weekly descending trendline on the 16th of July 2022. This plunged the price beyond several key levels until it reached $0.080590. After the bears’ influence on the coin has waned, a bullish impulse is now being infused. The result is an upward jerk that has broken the immediate key level above. There is more upside movement expected for the price.


DeFI Coin Price Forecast: DEFCUSD Market Prospects 

A descending trendline above the market suggests that the market is being forced to conform to a downtrend. The trendline has been ruling the DeFI Coin for weeks.

The most recent attempt by the buyers to breach this weekly trendline on the 16th of July resulted in rejection, which led to a high downside to the coin. The price plummeted to $0.080590.

A bullish impulse is being infused into the market as it jerks upward, ready to renew its bullish adventure. The Parabolic SAR (Stop and Reverse) dots align below the 1-hour candles in a show of strong bullish momentum.


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

The 15-minute chart shows the price immediately forges a triangular system to break the $0.08760 price level. Two upward jerks push the coin to the key level, which breaks afterwards. Therefore, the $0.08760 significant level has been converted to an ally to support the upward movement of the coin.
DeFI Coin Price Anticipation DeFI Coin Jerks UpwardWith a Bullish ImpulseAs expected, the Parabolic SAR dots are seen more below the 15-minute candlesticks to show continuous progress upward. The volatility at which the price jerks up isn’t as much as when the market plummeted; nevertheless, it is enough to push the price strongly upward. DEFCUSD will now look to breach the gap to $0.106200 and beyond.

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.