FARM showing a falling wedge break-out
This is the Coinbase daily chart, which doesn't show FARM's (Harvest Finance) full history on the market, but if we look at the charts that do, they also show a falling wedge breakout here.
FARM has consistently fallen since launching on Coinbase, but has now formed a falling wedge, broken above it, and had at least one successful re-test (thus far on the daily).
OBV has been rising as it fell, and saw a spike here as it broke out of the wedge. For further confluence, Stoch RSI is showing a W pattern and looks to want to spike up.
The chart above displays falling wedge targets for 0.5x, 1x, 1.5x, and looks like it wants to re-visit its highs from around the time it launched on CB.
The above is the bull case for Harvest Finance, however DXY looks like it wants to crush the markets but hasn't yet had a major re-test of areas it has broken out of, which could provide room for a major correction or even a blow off top in stocks and crypto, but if it just takes off, we could see nearly everything go down for quite some time.
FARM has consistently fallen since launching on Coinbase, but has now formed a falling wedge, broken above it, and had at least one successful re-test (thus far on the daily).
OBV has been rising as it fell, and saw a spike here as it broke out of the wedge. For further confluence, Stoch RSI is showing a W pattern and looks to want to spike up.
The chart above displays falling wedge targets for 0.5x, 1x, 1.5x, and looks like it wants to re-visit its highs from around the time it launched on CB.
The above is the bull case for Harvest Finance, however DXY looks like it wants to crush the markets but hasn't yet had a major re-test of areas it has broken out of, which could provide room for a major correction or even a blow off top in stocks and crypto, but if it just takes off, we could see nearly everything go down for quite some time.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.