Crypto Total DeFi Market Cap Setting Up To Push Higher

1 янв. 2022 г.

While we didn't get the 'DeFi Summer' that many expected, things appear to be heating up in DeFi right now, going into 2022.

The Crypto Total DeFi Market Cap chart in TradingView here is showing bullish signals both on the daily candle (which is sitting nicely on the uptrending 21 day EMA, which I call a 'Rocket on the Launchpad') -- but also our custom indicators are showing an upswing in DEFI projects right now.

We created an 'Early Reversal Indicator' which correctly called the mid-summer low on July 21st and also the September 30th lows. While it's not 100%, as with anything, the nuances are everything.

Our 'Trend Indicator' is also printing a fresh 'Bell' signal, which indicates a longer swing trend is setting up (5-7 days or longer).

Should be interesting to see if we do see DeFi push higher here as one of the newest leading sectors of 2022.

Let me know your thoughts below!