DeFI Coin Price Forecast- DeFI Coin Market Returns to a Bullish Order Block

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DeFI Coin Price Forecast- June 30

DeFI Coin price forecast calls for the continuation of the bullish trend with the test of the bullish order block.

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

DEFCUSD significant Levels:
Zones of supply: $0.1650, $0.1570
Zones of demand: $0.1210, $0.1110

Defi Coin Price Forecast- Defi Coin Market Returns to a Bullish Order BlockDeFI Coin market has retraced to test a bullish order block. The market is currently ascending on a bullish trend line.

DeFI Coin Price Forecast: Market Outlook

DeFI coin market reached the oversold region on the 18th of June in the one-hour timeframe. The market reached the major demand level at $0.1110 on the 20th of June. The MACD (Moving Average Convergence Divergence) crossed below the point of zero on the indicator phase. The Stochastic was also oversold at the test of the demand zone. This led to a bullish reversal.

The market formed higher highs and higher lows consistently till the market reached the supply level at $0.1570. The immediate push above $0.1210 left an imbalance in the market. At the supply zone, a head and shoulders reversal pattern formed. This initiated the retracement of the market to the fair value gap above the demand level at $0.1210.

The gap above the $0.1210 support zone was reached on the 29th of June. The market reacted immediately as the market bounced on the bullish trend line. The MACD (moving average convergence and divergence) indicator is oversold. The Stochastic is also oversold on the one-hour chart. The market is set to resume its bullish course.

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

On the 15-minute chart, a bullish creek has been violated. The Stochastic and the MACD are also oversold on the lower time frame. The test of the bullish order block is expected to cause an increment of the Lucky Block value. The price is expected to ascend to $0.1650.
Defi Coin Price Forecast- Defi Coin Market Returns to a Bullish Order BlockEqual highs are currently resting at $0.1570. The bulls are expected to soar to the major level at $0.1650.

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.