DeFI Coin Price Forecast- DeFI Coin Makes Third Touch On Supporting Trend Line

Updated:

Checkmark

Invest at least $250 in D2T to gain lifetime access to our VIP Signals

Checkmark

Get early access to Dash 2 Trade’s Presale. Buy the D2T token now

Checkmark

Existing community of 70,000+ traders

Checkmark

Unlocks access to the leading crypto trading analysis, signals and trading tools

Checkmark

As featured in CryptoNews.com, FXEmpire.com, FXStreet.com and more

Checkmark

World class development team backed by Quant developers and VC investors


DeFI Coin Price Forecast: July 18 

DeFI Coin price forecast seeks a bullish reversal at the $0.800 support level. 

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

DEFCUSD Significant Levels:
Zones of supply: $0.1620, $0.1460, $0.1380
Zones of demand: $0.1150, $0.1050, $0.0800

DeFI Coin Price ForecastDeFI coin market price rose from the demand level of $0.1150 in June. The RSI (relative strength index) indicator was oversold before the market ascended. The market reached the resistance level at $0.1620.  

DeFI Coin Price Forecast: Market Outlook

The market formed a head and shoulders shape, which led to a selloff. A new low was formed, which was used to anchor a bearish trend line. 

The low that formed on the 2nd of July was in an oversold region. The MAC-D (Moving Average Convergence and Divergence) indicator is crossed to signify a buy signal. The market pushed up to fill up areas of market inefficiencies.  A new high was formed at $0.1380, which was used to anchor a trend line for the parallel channel.

On the 16th of July, the market made the third touch on the upper edge of the parallel channel. This caused the market to reach for the supporting trend line at the $0.0800 major level. The market is currently oversold on the  MACD and the RSI indicator. 

DEFC Medium-Term: Trend Bullish (15-minute chart)

The 15-minute chart shows the selloff to the support level deposited a wide range of market inefficiency below the $0.1150 major level. After the impulsive move to the $0.0800 support level, multiple small bullish candles have formed. 
DeFI Coin Price ForecastThe market is expected to rise efficiently to fill the gap above the demand level of $0.0800. The market is expected to rise to $0.1050.

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.
 

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
Share with other traders!

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.