GBPUSD H1 - Long Trade SetupGBPUSD H1 - Long setup shown here, if we double bottom on 1.27 and break to set new highs, we could retest either 1.27300 or 1.27 for a third time to then bounce and reverse the trend, we are in consolidation at the moment I would say, so a breakout could be expected soon!
Finance
USDJPY BUY OPPORTUNITY
BUY ENTRY :104.450
TP1:105.300
TP2:106.300
TP2:107.100
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EURGBP H1EURGBP M30 - Saw a break and retest of this pennant last week, but this was quite late during the week and markets then closed, and also failed to set new highs beyond the breakout high. I'm neither bullish or bearish on this until we hear more from the vote later on today. This will then set the tone going forward for the GBP markets and to a degree the EUR markets
Breaking downtrend and at rarely oversold levelsSquare pulled back on market weakness and looks to have broken the downtrend after finding support above the 34-50 day EMA cloud. Going back to March, it has rarely been this oversold as indicated by the SlowStoch. This may gap up over the entry level, backtesting it and establishing support would provide ideal entry. Stop loss is below, targets above.
GBPJPY H4 - Short Trade SetupGBPJPY H4 - As mentioned, the system doesn't change just because the environment has changed. Setting an alert for 138.000, this is a 382 corrective point, whole number, weekly and local support zone, so 4 confluences there. Will see where we are and how we are looking as/if we hit 138.000 for possible shorts.
EURJPY H4 - Long Trade SetupEURJPY H4 - Little reaction from 125.400 support region, bounced 20 pips in quite quick succession, if support holds this may be something we look to buy. Not entirely sure of the EUR still, seemed to have lost a little ground since market open on Sunday, but not near as much as GBP pairs. If support holds a while on EURJPY and EURUSD (1.18 support) we could possible look to buy if we haven't missed the boat here.
GBPJPY H4 - Short Trade SetupGBPJPY H4 - Break and retest here on GBPJPY. Possible zone trade on our hands from resistance down to 139.860 support. Awkward timing with it being Friday and NFP just around the corner in a couple of hours. YEN is usually quite a big mover off the back of the 1:30pm event. Additionally, H4 candles still very active
YFI - yearn.financeyearn.finance is a Decentralized Finance (DeFi) platform which aims to build products on aggregated liquidity provision , leveraged trading, automated marketing making, and more.
The YFI token is the native utility token in the yearn.finance platform. Users can earn it by contributing liquidity to yearn.finance's aggregated liquidity pool, or ypool, and use the token for platform governance.
yearn.finance currently provides a profit optimizing service for lending providers, moving providers' funds between dYdX, Aave, and Compound autonomously for highest return.
The balanced scheme works without attracting new funds. Therefore, the team has no reason to scam the project. Perhaps there are other reasons, for example, a technological scam: some kind of back door or problems with IT or Blockchain will give an error that will make it possible to steal money. All tech companies have such problems: Twitter, Apple, etc.
In general, this is not a scam or a financial pyramid like the Ponzi. The project has a use case, some people believe in it, there is a kind of ecosystem.
A disadvantage is a large number of audits. Since there is a lot of money in the project, and hackers did not steal it, this is probably not so easy to do.
This was written by Andre Cronje - he has been in the cryptocurrency field for a long time and has done a lot of useful things, so people trust him.
Motivation
The YFI community is currently working with Delphi and Gauntlet to develop an economic model and inflation schedule. Until this process is complete, the project lacks the funds for any operational expenses including, but not exclusive to, security audits, deployment costs, consulting expenses, and compensations.
All surplus rewards are directed to the governance pool.
How does the protocol make money?
There are two sources of income:
0.5% Commission for withdrawing money
(this commission is charged in the case of Earn (Lending optimization) and the case of Vaults (Yield farming optimization)
The economics simple YFI charges a 5% gas subsidization (performance) fee on the capital it's managing as well a 0.5% withdrawal fee if the user pulls their capital out. The withdrawal fee applies to both its Earn and Vaults products, while the performance fee only applies to its Vaults product. More specified that the treasury should maintain a buffer of $500.000 equivalent, with all surplus rewards distributed YFI staked in the governance pool.
Specification
100% of the rewards collected by the system are directed to the multi-sign treasury.
Treasury should maintain a buffer of 500,000 USD equivalent, with further rewards distributed to YFI staked in the governance pool.
In the July 17 article, Andre Cronje wrote that just because we feel we didn’t stress it enough, 0 value. Don’t buy it. Earn it.
In my opinion, this phrase discouraged some people to trade this coin. I think that to a large extent, this is said for the regulator so that they do not touch the project developers.
medium.com
Best regards EXCAVO
DXY H4 - Short SetupDXY H4 - Siting on that S/R region now, really want to see rejections from current price of 92.57, this would compliment our GBPUSD/cable long setup really nicely, we do feel any dollar strength at the moment should be short lived and more so deemed as relief rallies and opportunity to sell the rallies.
YFIUSDT 💯IQ🧠 Here we Come 50k!⚠️ The YFI bulls keep pushing the price up. As crazy as it sounds, $50k YFI is clearly on the table at this rate. On the one hand, you have the use-case that Yearn makes yield farming easy. On the other hand, you have the YFI mania. Put the use case, bullish chart, and FOMO together and what do you get? We think you get another leg up to at least $50k.
All that said, we are analysts, not just DeFi fans, so we will take a critical look at the bull and bear case here.
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Support:
The S1 S/R flip range is ideal support for bulls who are looking to see YFI just keep moving. We broke resistance already, next direction really should be up here. If S1 can't hold, then there is room to strengthen the current range by finding support at S2. If the range holds long enough, we may even intersect with the uptrend channel's bottom trendline to find additional support. With that said, as you can see on the chart, we have much more confidence in a run from S1 than S2.
Resistance:
After recently moving past previous resistance points (see the bearish orderblocks on the chart), there is no real resistance left of YFI's chart. With that said, our target here is the top of the channel at $50k.
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Summary:
YFI has the sentiment, use case, and room in terms of market cap to keep moving. That said, after such a strong move, any sort of indecision is going to be a bad look. So do watch out with rushing to buy the dip on this one if S1 can't hold.
✨ Drop a comment asking for an update, we do NEW setups on request! ✨
Intraday Yearn.Finance YFIBNB/BTC Theory Open Platform microloan financier. No contracts beyond math coded and open for public view and record. YFI adapts to meet future needs of first, second, third and continued world countries. Learn, adapt, embrace and listen to the people of the world.
Embrace the opportunity.