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FARM

FARM Wedge and W Pattern TargetsA ton of different alts making the same patterns. Smaller wedge breakout is headed towards the 200 day EMA (also halfway point towards TP 1) and then TP 1 and then 2. Smaller wedge reaches all its targets and remains above middle of W pattern, W pattern / double-bottom recovery begins and heads towards its TP 1 and 2 (with its halfway point to TP 1 equal to smaller wedge TP 2) Longer-term wedge success likely hinged upon all of the above succeeding, while DXY must not turn up quickly and strongly from where it is now (needs to continue moving down below 100, or hang out b/w 101-103 for a good while prior to moving up). Also be wary of Bitcoin Dominance, which looks bullish atm. If conditions are met, long-term target looks to be a slightly lower high double-top, for now. See related ideas in the links below, again many alts are making nearly identical recoveries along w/ Bitcoin.
COINBASE:FARMUSDLong
by dudebruhwhoa
3
Inverted HS breaking out nowReally quick and dirty chart, excuse the poor drawings - FARM is breaking out of an inverted HS on the 4h chart, TP 1 nearly reached already, TP 2 @ around 33-34. I believe this is the start of a bigger move up on the higher time frames, likely at least to 60-65 (top of HTF range). If it can get and stay above 60-65 and we could see much higher - 95-100 -> 125 to start, possibly 200+. NOTE - a ton of alts should be making similar moves up, see SUKU as potentially one of the first under related ideas below. HTF Chart below (3-day):
COINBASE:FARMUSDLong
by dudebruhwhoa
Double Bottom following Falling Wedge BreakFARM has a couple of bullish signs here. First we broke out of a falling wedge a good while back, and then returned to the same area of lows starting what could be the beginning of a double bottom. For this to play out, first we need to get back above our most recent highs around ~$60. Should that occur, we could easily see ~90-120, and it's possible the falling wedge break could take us back towards highs near the top of our falling wedge. Previous idea linked below.
COINBASE:FARMUSDLong
by dudebruhwhoa
1
Double Bottom Reversal may be in the cardsWeekly chart here shows a possible double bottom on Harvest Finance's BTC pairing. It's good that we've already gotten above the 50/200 daily EMAs, but we've yet to see a golden cross. That's what I'm waiting to see here before confidently suggesting we might be in a double bottom reversal, and then obviously confirmation by breaking above previous weekly highs. Should that all occur, there is a TON of room for FARM to run, even beyond the 0.5x, 1x, 1.5x, and 2x areas shown on the chart here. Will update as things progress.
FLong
by dudebruhwhoa
1
FARM showing a falling wedge break-outThis 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.
COINBASE:FARMUSDLong
by dudebruhwhoa
HARVEST FINANCE TO $500 IN NEXT BULL MARKETI will explain what Harvest Finance (FARM) is, and why I believe this token could go to $500 or higher in price. I have mentioned many times why tokens with utility will go well in the future. This token certainly has utility and a very strong community. FARM is a Yield Aggregator, same as Yearn Finance. It also falls in the Defi and Yield Farming category, same as Yearn Finance. What makes this project interesting is that is has auto compounding rewards. Meaning you don't have to waste fees every time to manually compound your rewards. If you have farmed on ETH blockchains before, you know those fees will cost you a lot. Well that is not an issue here as FARM not only supports ETH, but also supports BSC and MATIC, along with Arbitrum. Multichain support projects are the future, and FARM got this right. As I mentioned in my Autofarm review, Yield Farming is huge and will continue to keep growing exponentially as there is more and more global adoption. FARM only has a supply of 690,420 tokens! No more will ever be created. There doesn't seem to a burn mechanism here, but this is not needed when your supply is less than 1 million anyways. The current market cap is only 30m! Which is very early for such a project. YFI, a very similar project went on to have a market cap of almost 3 trillion. That shows us that such projects do have huge demands as will continue growing larger as we start entering bull markets in the future. FARM also has a github page, along with passing multiple audits, including from Certik and 3 other auditors. This is generally a sign of a strong project. Another little fun fact before we get to the numbers, is that the token was listed on Coinbase last year. This was listed around a time when Coinbase was known for only listing the finest projects, whereas now they listed anything. So being listed during Coinbases's 'Golden Age' is certainly a plus. Listing on Binance and other major exchanges have made this very easy to acquire. According to Gateio, its highest daily close was $459. The lowest price was $26, just a couple weeks back. We have made calculations as to how high this token can go using the market cap. Market cap of 100m, price per token = $150 Market cap of 1b, price per token = $1,500 Market cap of 10b, price per token = $15,000 I think 10b market cap is a bit of stretch here, not saying it can't happen but odds are slim unless they incorporate some insane features. I do believe a reasonable price in the next bull run is $500. Which would only require a market cap of 332m. A 332m market cap in for a strong defi yield aggregator project is a respectable target. The previous high as mentioned before was $459. We believe the next bull market will be the largest bull market in crypto history, and therefore FARM will easily make a new all-time high. $500 is target, but we would not be surprised if it touches $1000. Certainly, if they manage to incorporate AVAX, OP, FTM and some other blockchains, that would be a big plus. Compared to MKR and YFI, the price on this is so low that anyone can afford a couple of tokens. Currently it is having a strong rally and looks bullish on most time frames. I do believe we will visit $26 again this year, and possibly create a new low around $20. If it doesn't, it's still a nice price to start dollar cost averaging in. Ignore the sloppy drawing, it's just for illustration and no way indicates how price will move between now and next bull run. But target is $500 in the bull run after the 2024 halving, sometime between 2024 and 2025 BINANCE:FARMUSDT COINBASE:FARMUSD COINBASE:FARMUSDT KRAKEN:FARMUSD BINANCE:FARMBUSD COINEX:FARMUSDT GATEIO:FARMUSDT PHEMEX:FARMUSDT
Long
by Coindatahouse
3
FARM / USD Great Potential if Bull Break of Long-term TriangleQuick publish here. High-risk low-cap DeFi token FARM (Harvest Finance) has been in a giant triangle for quite some time now and is approaching the end of it. Originally on Poloniex and UNISWAP, but after getting listed on major exchanges, all of the volume has moved to Binance and Coinbase. But Poloniex and UNISWAP show the full history for this project. A bullish exit of the triangle could take us from sub-100 dollars to well over 500. On the other hand, a bearish exit could send this down to near nothing.
FLong
by dudebruhwhoa