Bad Nails on some major Defis

Today I wanna show you some really bad candles in the Defi Universe.
Some of the very high priced Defis are in a consolidation it seems. The main reason for this are the profits which are priced out.

Trading School

On the charts we see monthly candles, that means each candle represents one month. If we get a closing price far away from the high or low, then it is mostly a reversal candle. Long nails on the top and smaller body called Doji.

Here are some of the Defis with a long nail on the head.

Defi

Bal

ZRX

Link

Comp

MKR

Maybe we go straight forward and make new highs but the charts showing us the real situation. Around the highs or in the way to it we could expect large sellers again. If we are in a consolidation i expect a ranging market. This means buy low and sell high but we will see what happens.

Source: (Guidants/Godmode Trader) & JFD Broker & Binance

Discord Channel: https://discord.gg/j5A3CUq

Twitter: https://mobile.twitter.com

Legal Disclaimer:

I am not a financial advisor nor is any content in this article presented
as financial advice. Never invest more
than what you can afford to lose. This post is my personal opinion, do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.

Posted Using LeoFinance ^Beta