Why I am on bullish DPI?

Fundamental Analysis

What is DeFi Pulse Index (DPI)? - DeFi Pulse Index (DPI DPIWETH) 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

Nota

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

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Penafian

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