deen

06 Oktober 2020

TA Tuesday: DeFi cooling down and BTC on solid levels

Daniel Kukan

Daniel Kukan

Senior Trader bei Crypto Broker AG

Über den Autor

Good Morning!

BTC$

Despite all the major news of late BTC$ is still trading between 9,800 and 11,200. The overall situation seems to be quite solid, even the sharp sell of a few hundred points at the beginning of the month has been processed pretty well and rather quickly.

ETH$

ETH$ traded alongside the market and is showing resilience. The resistance level of $360 is very strong and hard to take out. A relative solid support is around $320-$330.

ETHBTC$

ETHBTC$ is trading at an important support level of 0.033. So far, the support line is holding strong, and a further move to the upside will depend on the DeFi sector.

DEFI$

The DeFi Index has cooled down and is trading pretty much at the support level. This sector experienced rather high volatility recently and needs to consolidate for further upmoves.

YFI$

The support line of $ 22,000 was broken easily. The next important support will come in at around $18,800.

DOT$

DOT$ consolidated in a healthy way, and is trading within a narrow range. The next short-term resistance level is around $4.60. It will take a positive DeFi sector to be able to reach the $5.40 target again.

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