💮YFII- More support coming in, RSI/MFI bullish divergence
After the pump in August YFII has been cooling off for the past 3 months consolidating on key level. 200EMA is now getting close to the price creating additional support, and the price is approaching lower trendline of the channel. On lower timeframes we can see that the peaks are getting shorter and shorter which means the price is soon gonna get squeezed between support and resistance. Bullish divergence is visible on both RSI/MFI indicators(1d). In case key level is lost we can expect the price to find support at 3316. Remember that BTC correction might not be over yet.
Entry: buy at current price (3800)
Targets:
4091
4552
4893
5188
5281
5702
6216
6948
7880
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About YFII:
DFI.MONEY, also known as YFII, is a fork of popular decentralized finance (DeFi) aggregator platform yearn.finance (YFI).
Launched in July 2020, it aims to optimize returns for DeFi investors while adhering to changes proposed in an upgrade plan called YIP-8.
In addition to protocol changes, DFI.MONEY has also released new products, chief among which, the Vault, it describes as its “killer product.”
The native token of DFI.MONEY is YFII, a fixed-supply token which liquidity providers earn in accordance with their network interaction.
Source: coinmarketcap
Entry: buy at current price (3800)
Targets:
4091
4552
4893
5188
5281
5702
6216
6948
7880
-----------------
About YFII:
DFI.MONEY, also known as YFII, is a fork of popular decentralized finance (DeFi) aggregator platform yearn.finance (YFI).
Launched in July 2020, it aims to optimize returns for DeFi investors while adhering to changes proposed in an upgrade plan called YIP-8.
In addition to protocol changes, DFI.MONEY has also released new products, chief among which, the Vault, it describes as its “killer product.”
The native token of DFI.MONEY is YFII, a fixed-supply token which liquidity providers earn in accordance with their network interaction.
Source: coinmarketcap
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