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<div>Crypto Snippet is a brief overview of the crypto market; focused on Derivatives. This is not financial advice.</div>
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Crypto Pair: <a href="https://delta.exchange/app/futures/trade/KNC/KNCUSDT">KNC-USDT</a>
Date: 31st October 2020
 
DeFi universe has continued to see pressure despite strength in BTC. All coins except a few have touched Sep lows. <a href="https://delta.exchange/app/futures/trade/KNC/KNCUSDT">KNC</a> has broken major handle of 0.80 USDT. The short risk reward is good for a target of 0.60 USDT with a SL above 0.9 USDT.
 
<a href="https://delta.exchange/app/futures/trade/KNC/KNCUSDT" target="_blank" rel="noopener noreferrer"><img decoding="async" loading="lazy" class="aligncenter wp-image-26634 size-full" src="http://prod-wp.delta.exchange/wp-content/uploads/2020/10/20201031_103411.jpg" alt="knc-usdt" width="2056" height="1013" srcset="https://prod-wp.delta.exchange/wp-content/uploads/2020/10/20201031_103411.jpg 2056w, https://prod-wp.delta.exchange/wp-content/uploads/2020/10/20201031_103411-300x148.jpg 300w, https://prod-wp.delta.exchange/wp-content/uploads/2020/10/20201031_103411-1024x505.jpg 1024w, https://prod-wp.delta.exchange/wp-content/uploads/2020/10/20201031_103411-768x378.jpg 768w, https://prod-wp.delta.exchange/wp-content/uploads/2020/10/20201031_103411-1536x757.jpg 1536w, https://prod-wp.delta.exchange/wp-content/uploads/2020/10/20201031_103411-2048x1009.jpg 2048w, https://prod-wp.delta.exchange/wp-content/uploads/2020/10/20201031_103411-24x12.jpg 24w, https://prod-wp.delta.exchange/wp-content/uploads/2020/10/20201031_103411-36x18.jpg 36w, https://prod-wp.delta.exchange/wp-content/uploads/2020/10/20201031_103411-48x24.jpg 48w" sizes="(max-width: 2056px) 100vw, 2056px" /></a>
 
 
Trade <a href="https://delta.exchange/app/futures/trade/KNC/KNCUSDT">KNC-USDT</a> on Delta.
 
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Crypto Pair: <a href="https://delta.exchange/app/futures/trade/YFI/YFIUSDT">YFI-USDT</a>
Date: 28th October 2020
 
 
While BTC has continued to make new highs for the year, there has been no strength in the DeFi universe. All the highs are being sold into. <a href="https://delta.exchange/app/futures/trade/YFI/YFIUSDT">YFI</a> has been in a very small range for the last month. It has formed a descending triangle that is likely to break down. One can look to initiate the short position below 12,500 USDT for a target of 10,000 and 8000 USDT. On the other hand, a clean breakout above 15000 will lead prices higher to 20,000 USDT.
 
<a href="https://delta.exchange/app/futures/trade/YFI/YFIUSDT" target="_blank" rel="noopener noreferrer"><img decoding="async" loading="lazy" class="aligncenter wp-image-26610 size-full" src="http://prod-wp.delta.exchange/wp-content/uploads/2020/10/Screen-Shot-2020-10-28-at-10.26.43.png" alt="YFI-USDT" width="2366" height="1298" srcset="https://prod-wp.delta.exchange/wp-content/uploads/2020/10/Screen-Shot-2020-10-28-at-10.26.43.png 2366w, https://prod-wp.delta.exchange/wp-content/uploads/2020/10/Screen-Shot-2020-10-28-at-10.26.43-300x165.png 300w, https://prod-wp.delta.exchange/wp-content/uploads/2020/10/Screen-Shot-2020-10-28-at-10.26.43-1024x562.png 1024w, https://prod-wp.delta.exchange/wp-content/uploads/2020/10/Screen-Shot-2020-10-28-at-10.26.43-768x421.png 768w, https://prod-wp.delta.exchange/wp-content/uploads/2020/10/Screen-Shot-2020-10-28-at-10.26.43-1536x843.png 1536w, https://prod-wp.delta.exchange/wp-content/uploads/2020/10/Screen-Shot-2020-10-28-at-10.26.43-2048x1124.png 2048w, https://prod-wp.delta.exchange/wp-content/uploads/2020/10/Screen-Shot-2020-10-28-at-10.26.43-24x13.png 24w, https://prod-wp.delta.exchange/wp-content/uploads/2020/10/Screen-Shot-2020-10-28-at-10.26.43-36x20.png 36w, https://prod-wp.delta.exchange/wp-content/uploads/2020/10/Screen-Shot-2020-10-28-at-10.26.43-48x26.png 48w" sizes="(max-width: 2366px) 100vw, 2366px" /></a>
 
 
Trade <a href="https://delta.exchange/app/futures/trade/YFI/YFIUSDT">YFI-USDT</a> on Delta.
 
 
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Date: 5th October 2020
 
YFI recovered sharply after hitting below 1.6 BTC. It has formed a wick pattern on daily charts. YFI is expected to continue this recovery and can touch the levels of 2.0 and 2.4 BTC. One can look to start a long position with a stop loss of 1.6 BTC.
 
<img decoding="async" loading="lazy" class="aligncenter size-full wp-image-26455" src="http://prod-wp.delta.exchange/wp-content/uploads/2020/10/Screen-Shot-2020-10-05-at-08.33.06.png" alt="YFI-BTC" width="2362" height="1152" srcset="https://prod-wp.delta.exchange/wp-content/uploads/2020/10/Screen-Shot-2020-10-05-at-08.33.06.png 2362w, https://prod-wp.delta.exchange/wp-content/uploads/2020/10/Screen-Shot-2020-10-05-at-08.33.06-300x146.png 300w, https://prod-wp.delta.exchange/wp-content/uploads/2020/10/Screen-Shot-2020-10-05-at-08.33.06-1024x499.png 1024w, https://prod-wp.delta.exchange/wp-content/uploads/2020/10/Screen-Shot-2020-10-05-at-08.33.06-768x375.png 768w, https://prod-wp.delta.exchange/wp-content/uploads/2020/10/Screen-Shot-2020-10-05-at-08.33.06-1536x749.png 1536w, https://prod-wp.delta.exchange/wp-content/uploads/2020/10/Screen-Shot-2020-10-05-at-08.33.06-2048x999.png 2048w, https://prod-wp.delta.exchange/wp-content/uploads/2020/10/Screen-Shot-2020-10-05-at-08.33.06-24x12.png 24w, https://prod-wp.delta.exchange/wp-content/uploads/2020/10/Screen-Shot-2020-10-05-at-08.33.06-36x18.png 36w, https://prod-wp.delta.exchange/wp-content/uploads/2020/10/Screen-Shot-2020-10-05-at-08.33.06-48x23.png 48w" sizes="(max-width: 2362px) 100vw, 2362px" />
 
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Date: 2nd October 2020
LINK has been forming a wedge pattern after bouncing up from 7-8 USDT handle. It is expected to move sharply when this wedge pattern breaks out. Long positions can be considered after breakout of the wedge at 10.5 USDT. On the other hand, one can look to short below 9 USDT.
 
<img decoding="async" loading="lazy" class="aligncenter size-full wp-image-26457" src="http://prod-wp.delta.exchange/wp-content/uploads/2020/10/Screen-Shot-2020-10-02-at-08.50.26.png" alt="Trade LINK-USDT" width="2356" height="1150" srcset="https://prod-wp.delta.exchange/wp-content/uploads/2020/10/Screen-Shot-2020-10-02-at-08.50.26.png 2356w, https://prod-wp.delta.exchange/wp-content/uploads/2020/10/Screen-Shot-2020-10-02-at-08.50.26-300x146.png 300w, https://prod-wp.delta.exchange/wp-content/uploads/2020/10/Screen-Shot-2020-10-02-at-08.50.26-1024x500.png 1024w, https://prod-wp.delta.exchange/wp-content/uploads/2020/10/Screen-Shot-2020-10-02-at-08.50.26-768x375.png 768w, https://prod-wp.delta.exchange/wp-content/uploads/2020/10/Screen-Shot-2020-10-02-at-08.50.26-1536x750.png 1536w, https://prod-wp.delta.exchange/wp-content/uploads/2020/10/Screen-Shot-2020-10-02-at-08.50.26-2048x1000.png 2048w, https://prod-wp.delta.exchange/wp-content/uploads/2020/10/Screen-Shot-2020-10-02-at-08.50.26-24x12.png 24w, https://prod-wp.delta.exchange/wp-content/uploads/2020/10/Screen-Shot-2020-10-02-at-08.50.26-36x18.png 36w, https://prod-wp.delta.exchange/wp-content/uploads/2020/10/Screen-Shot-2020-10-02-at-08.50.26-48x23.png 48w" sizes="(max-width: 2356px) 100vw, 2356px" />


Crypto Snippet is a brief overview of the crypto market; focused on Derivatives. This is not financial advice.





 

Crypto Pair: KNC-USDT

Date: 31st October 20

Crypto Snippet - October 2020

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