Delta News

Crypto Snippet is a brief overview of the crypto market; focused on Derivatives. This is not financial advice.<hr>Crypto Pair:<a href="https://delta.exchange/app/futures/trade/BAND/BANDUSDT">BAND-USDT</a>Date: 25th November 2020 <a href="https://delta.exchange/app/futures/trade/BAND/BANDUSDT" rel="noopener noreferrer">BAND</a> has formed a head and shoulder pattern on hourly charts with shoulders at 7.4 and head at 7.8 USDT. One could look to short BAND below the trendline at 6.9 USDT for a target of 6.5 and 6.0 USDT. The view gets negated above 7.5 USDT.<figure class="kg-card kg-image-card"><a href="https://delta.exchange/app/futures/trade/BAND/BANDUSDT"><img src="http://static.delta.exchange/wp-content/uploads/2020/11/Screen-Shot-2020-11-25-at-12.24.21.png" class="kg-image" alt="BAND - USDT Delta Exchange" loading="lazy" width="2360" height="1298"></a></figure>Trade <a href="https://delta.exchange/app/futures/trade/BAND/BANDUSDT">BAND-USDT</a> on Delta.<hr>Crypto Pair:<a href="https://delta.exchange/app/futures/trade/YFI/YFIUSDT">COMP-USDT</a>Date: 23rd November 2020 Top DeFi coins have been consolidating since the last couple of days while ETH and other coins have gained parabolically. There has been a thematic rotation in this bull market. Coins that didn't participate in the rally earlier are likely to gain over the next weeks. <a href="https://delta.exchange/app/futures/trade/COMP/COMPUSDT">COMP</a> has been trading in a tight range of 110-130 USDT. One can look to initiate a long position with a target of 140 USDT and a stop loss below 110 USDT.<figure class="kg-card kg-image-card"><a href="https://delta.exchange/app/futures/trade/COMP/COMPUSDT"><img src="http://static.delta.exchange/wp-content/uploads/2020/11/Screen-Shot-2020-11-23-at-10.54.53.png" class="kg-image" alt="COMP USDT Delta Exchange" loading="lazy" width="2356" height="1302"></a></figure>Trade <a href="https://delta.exchange/app/futures/trade/COMP/COMPUSDT">COMP-USDT</a> on Delta.<hr>Crypto Pair:<a href="https://delta.exchange/app/futures/trade/YFI/YFIUSDT">YFI-USDT</a>Date: 20th November 2020 <a href="https://delta.exchange/app/futures/trade/YFI/YFIUSDT">YFI</a> has been amongst the fastest DeFi coin which has run up sharply after the US election results. It is currently at the striking distance of the key resistance at 30K USDT. It has broken out of the down trendline at 25K. One can long above the breakout at 30K for a target of 32K and 36K. However, on the break down below 25K, levels near 20K can be expected.<figure class="kg-card kg-image-card"><a href="https://delta.exchange/app/futures/trade/YFI/YFIUSDT"><img src="http://static.delta.exchange/wp-content/uploads/2020/11/Screen-Shot-2020-11-20-at-10.41.15.png" class="kg-image" alt="YFI - USDT Delta Exchange" loading="lazy" width="2372" height="1304"></a></figure>Trade <a href="https://delta.exchange/app/futures/trade/YFI/YFIUSDT">YFI-USDT</a> on Delta.<hr>Crypto Pair:<a href="https://delta.exchange/app/futures/trade/UNI/UNIUSDT">UNI-USDT</a>Date: 18th November 2020 BTC continues to hit the new yearly highs and within striking distance of ATH. DeFi has also participated in the rally led by AAVE and YFI. <a href="https://delta.exchange/app/futures/trade/UNI/UNIUSDT" rel="noopener noreferrer">UNI</a>, on the other hand, has seen momentum waning after Uniswap closed the liquidity mining reward program. TVL on UNISWAP has fallen down by 50% after the event. UNI has formed a head and shoulder pattern on the charts with shoulders at 3.9 USDT and head at 4.2 USDT. One can look to short for a target of 3.3 and 3.0 USDT with a stop loss above 3.9 USDT on the hourly candle.<figure class="kg-card kg-image-card"><a href="https://delta.exchange/app/futures/trade/UNI/UNIUSDT"><img src="http://static.delta.exchange/wp-content/uploads/2020/11/Screen-Shot-2020-11-18-at-11.04.19.png" class="kg-image" alt="UNI - USDT" loading="lazy" width="2368" height="1296"></a></figure>Trade <a href="https://delta.exchange/app/futures/trade/UNI/UNIUSDT">UNI-USDT</a> on Delta.<hr>Crypto Pair:<a href="https://delta.exchange/app/futures/trade/AAVE/AAVEUSDT">AAVE-USDT</a>Date: 16th November 2020 <a href="https://delta.exchange/app/futures/trade/AAVE/AAVEUSDT" rel="noopener noreferrer">AAVE</a> has been in the consolidation range for the last week. Breakout of this range will result in a sharp move. One could look to long above 70 USDT for a target of 90 USDT. On the other hand, breakout of the upper trendline at ~63 USDT may lead to a sharp down move downwards below 50 USDT.<figure class="kg-card kg-image-card"><a href="https://delta.exchange/app/futures/trade/AAVE/AAVEUSDT"><img src="http://static.delta.exchange/wp-content/uploads/2020/11/Screen-Shot-2020-11-16-at-12.04.26.png" class="kg-image" alt="AAVE - USDT" loading="lazy" width="2364" height="1306"></a></figure>Trade <a href="https://delta.exchange/app/futures/trade/AAVE/AAVEUSDT">AAVE-USDT</a> on Delta.<hr>Crypto Pair:<a href="https://delta.exchange/app/futures/trade/YFI/YFIUSDT">YFI-USDT</a>Date: 13th November 2020 DeFi coins have been consolidating after a sharp move from lows near the U.S. election result announcement. <a href="https://delta.exchange/app/futures/trade/YFI/YFIUSDT" rel="noopener noreferrer">YFI</a> has formed a head and shoulder pattern with shoulders near 17000 USDT and head at ~20K USDT. A successful breakout of 17K USDT may lead to a quick move to 20K and above. On the other hand, if YFI breaks 15K, one can expect levels of 12K and below.<figure class="kg-card kg-image-card"><a href="https://delta.exchange/app/futures/trade/YFI/YFIUSDT"><img src="http://static.delta.exchange/wp-content/uploads/2020/11/Screen-Shot-2020-11-13-at-13.04.07.png" class="kg-image" alt="YFI USDT" loading="lazy" width="2358" height="1304"></a></figure>Trade <a href="https://delta.exchange/app/futures/trade/YFI/YFIUSDT">YFI-USDT</a> on Delta.<hr>Crypto Pair:<a href="https://delta.exchange/app/futures/trade/COMP/COMPUSDT">COMP-USDT</a>Date: 11th November 2020 DeFi universe continues to get traction with major coins holding the gains. There are many coins which haven't bounced yet. It's expected that these coins will follow the lead. <a href="https://delta.exchange/app/futures/trade/COMP/COMPUSDT">COMP</a> has broken above crucial level of 100 USDT which should act as a support now. One could expect COMP to regain levels of 120 and 140 USDT with a strict stop-loss below 100 USDT.<figure class="kg-card kg-image-card"><a href="https://delta.exchange/app/futures/trade/COMP/COMPUSDT"><img src="http://static.delta.exchange/wp-content/uploads/2020/11/Screenshot_20201111-113223_TradingView.jpg" class="kg-image" alt="COMP Delta Exchange" loading="lazy" width="2220" height="1080"></a></figure>Trade <a href="https://delta.exchange/app/futures/trade/COMP/COMPUSDT">COMP-USDT</a> on Delta.<hr>Crypto Pair:<a href="https://delta.exchange/app/futures/trade/REN/RENUSDT">REN-USDT</a>Date: 9th November 2020 DeFi universe has sharply bounced after the results of the US election. Major coins including AAVE, LINK have seen rallies exceeding 50 percent. Other coins are expected to follow up on the lead. <a href="https://delta.exchange/app/futures/trade/REN/RENUSDT">REN</a> looks good on charts with a price above 20 DMA and an inverse head and shoulder pattern at 0.28 USDT. One can look to long for a target of 0.34 and 0.40 USDT and a stop loss below 0.28 USDT on the hourly chart.<figure class="kg-card kg-image-card"><a href="https://delta.exchange/app/futures/trade/REN/RENUSDT"><img src="http://static.delta.exchange/wp-content/uploads/2020/11/Screen-Shot-2020-11-09-at-08.38.01.png" class="kg-image" alt="REN-USDT Delta Exchange" loading="lazy" width="2366" height="1304"></a></figure>Trade <a href="https://delta.exchange/app/futures/trade/REN/RENUSDT">REN-USDT</a> on Delta.<hr>Crypto Pair:<a href="https://delta.exchange/app/futures/trade/AAVE/AAVEUSDT">AAVE-USDT</a>Date: 6th November 2020 BTC hit a yearly high with YTD returns exceeding 100%. Altcoins have also started to follow up after the US election with a rally in major Alts. DeFi Universe has also sharply rallied after capitulation a couple of days back. <a href="https://delta.exchange/app/futures/trade/AAVE/AAVEUSDT">AAVE</a> looks good on daily and hourly charts with price moving above 20 DMA. The rally can continue till 37.5 and then 42 USDT. Risk reward for longs looks attractive with SL below 27.5 USDT.<figure class="kg-card kg-image-card"><a href="https://delta.exchange/app/futures/trade/AAVE/AAVEUSDT"><img src="http://static.delta.exchange/wp-content/uploads/2020/11/Screen-Shot-2020-11-06-at-10.36.50.png" class="kg-image" alt="AAVE - USDT Delta Exchange" loading="lazy" width="2360" height="1304"></a></figure>Trade <a href="https://delta.exchange/app/futures/trade/AAVE/AAVEUSDT">AAVE-USDT</a> on Delta.<hr>Crypto Pair:<a href="https://delta.exchange/app/futures/trade/AVAX/AVAXUSDT">AVAX-USDT</a>Date: 4th November 2020 DeFi universe continues to be under pressure with the majority of coins below their 20 day moving average. All highs are being sold off and coins are hitting new monthly/yearly lows. <a href="https://delta.exchange/app/futures/trade/AVAX/AVAXUSDT">AVAX</a> has broken its support at ~3.4-3.5 USDT. One can expect a downward move to 2.5 USD with a stop-loss above 3.8 USDT.<figure class="kg-card kg-image-card"><img src="http://static.delta.exchange/wp-content/uploads/2020/11/Screen-Shot-2020-11-04-at-11.26.37.png" class="kg-image" alt="AVAX-USDT" loading="lazy" width="2366" height="1302"></figure>Trade <a href="https://delta.exchange/app/futures/trade/AVAX/AVAXUSDT">AVAX-USDT</a> on Delta.<hr>Crypto Pair:<a href="https://delta.exchange/app/futures/trade/LINK/LINKUSDT">LINK-USDT</a>Date: 2nd November 2020 <a href="https://delta.exchange/app/futures/trade/LINK/LINKUSDT">LINK</a> continues to follow the up trendline despite weakness in other DeFi coins. Longs could be initiated with stop loss below the trendline at 10.8 USDT. LINK can be expected to touch the handle of 12 and 13 USDT. On the other hand, there can be further weakness in LINK and other DeFi coins if LINK breaks the trendline below 10.8 USDT.<figure class="kg-card kg-image-card"><a href="https://delta.exchange/app/futures/trade/LINK/LINKUSDT"><img src="http://static.delta.exchange/wp-content/uploads/2020/11/Screen-Shot-2020-11-02-at-11.12.12.png" class="kg-image" alt loading="lazy" width="2362" height="1292"></a></figure>Trade <a href="https://delta.exchange/app/futures/trade/LINK/LINKUSDT">LINK-USDT</a> on Delta.<hr>

Crypto Snippet is a brief overview of the crypto market; focused on Derivatives. This is not financial advice.

Crypto Pair:BAND-USDTDate: 25th November 2020 BAND has formed a head and shoulder pattern on hourly charts with shoulders at 7.4 and head at 7.8 USDT. One could look to short BAND below the trendline at 6.9 USDT for a target of 6.5 and 6.0 USDT. The view gets negated above 7.5 USDT.

Trade BAND-USDT on Delta.

Crypto Pair:COMP-USDTDate: 23rd November 2020 Top DeFi coins have been conso

Crypto Snippet – November 2020