Why I am on bullish DPI?

Fundamental Analysis

• What is DeFi Pulse Index (DPI)? - DeFi Pulse Index ( DPIWETH_4D5EF5 DPIWETH_4D5EF5 ) is a capitalization-weighted index of top decentralized finance assets. In other words, you can get exposure with top DeFi assest without actually buying the indivdual asset.
  
  
• The Team Behind - "DeFi Pulse Index (DPI) was built by the two of the most credible names in DeFi. Tokensets and Defi Pulse
  
  
• DPI Underlying Tokens $AAVE $YFI $UNI $SNX $COMP $MKR $REN $LRC $KNC $BAL
  

Technical Analysis

• From Nov. 5 to Dec 11, DPI price had higher lows - bullish signal
  
• Double bottom (encircle in red) - bullish signal
  
  

Kommentera:

Additional Technical Analysis
* Price made higher low while RSI indicator made lower low (green trend line) - hidden bullish divergence
* Also noticed that every time RSI breaks 53, price tends to increase significantly