Hello Defiers! This is a recap of our latest DeFi Alpha Call that took place on 24/11/2022 in Discord.
The recording quality is not the best due to Discord's technical limitations. Discord Nitro was not enough but we are working on it! To improve today’s experience, we are adding subtitles.
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.
Market Overview
No change from last week. Still waiting for a decision. When the range breaks, we should see a bigger move in either direction. On the upside, it would probably target around 1,450 to 1,500. And on the downside, if the range breaks down again, the next likely target would be 1,100.
The market is balanced and just waiting for the next catalyst. Since we're closer to the top of the range, I'd say it looks a little bit better for bulls right now.
Next Wednesday is the Fed meeting, and as of today, there is a 96% chance that rates will go up by 75 basis points.
The dollar is still strong and we need to see a sustained reversal.
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