DeFi Alpha Call #28 Recap

Hello Defiers! This is a recap of our latest DeFi Alpha Call that took place on 11/21/2022 in Discord.

TIMESTAMPS

DeFi Alpha is a weekly newsletter published for our premium subscribers, contributed by Defiant Advisor and DeFi investor at 4RC, DeFi Dad, and our Degen in Chief yyctrader. It aims to educate traders, investors, and newcomers about investment opportunities in decentralized finance, as well as provide primers and guides about its emerging platforms.

Despite being in a seasonally strong period, the market is just waiting for the liquidity issues around DCG and Genesis to be addressed.

If they are successful in addressing the FUD or raising the funding that they are looking for from any source, the market is likely to stage a relief rally from oversold conditions.

• We’re back in the old range.

• 1100 area is still holding as support. This would be the fourth or fifth time it’s been tested and the bulls are hoping it holds again.

• The first hurdle is making it back up to the top of the range in the 1280 area.

• Another rejection at the 200DMA shows that the market is not yet ready to start a new uptrend.