Farm 201% potential. What’s up folks!
Rough couple days at? Here’s a sure winner for you! Of course DYOR and I’m no financial advisor but, I KNOW A BOTTOM WHEN I SEE ONE!
As always, below is some fundamentals to help you learn more about this project and find exchanges to buy it.
Have a green week!
SAVVY
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FUNDAMENTAL ANALYSIS
About Harvest Finance
FARM is an Ethereum token that powers Harvest Finance, a yield optimizer that moves funds around the decentralized finance (DeFi) ecosystem in an effort to generate yields. FARM can be used for staking and yield farming on Harvest Finance.
Official website
harvest.finance
Harvest Finance is on the rise this week.
The price of Harvest Finance has risen by 1.92% in the past 7 days. The price declined by 0.55% in the last 24 hours. In just the past hour, the price shrunk by 0.09%. The current price is MX$2,796.514331 per FARM. Harvest Finance is 94.29% below the all time high of MX$48,994.11.The current circulating supply is 648,000.743 FARM.
Harvestfinance
FARM above support zone#FARMUSD
$FARM seems supported and head up to touch the descending resistance line.
break out this line will lead price to resistance zone.
but if break down from support zone the bullish scenario will be invalid.
FARM / BTC Almost Ready for a MoveFARM is still in the negative on its all-time chart. It has been making significant strides after a relatively quiet first year or so. Added to Coinbase, Binance, staking added, staking added via Coinbase wallet, etc. These things occuring after breaching its falling wedge on the daily and touching the bottom of its last major pivot area.
May double bottom here first, but anywhere in this green box seems like a good entry, especially if we get back in the the bright green box.
Min target on the chart - TP 1 at the measured yellow vertical and horizontal lines, TP 2 not on the chart, but would be an equal move up (or half of the length of TP 1 for a more conservative 2nd target)
Failure if we get below the green box and back below the wedge.
Ready to burst past $350: fully primed with bullish divergenceFarm's ready to go any day now. This coiled up monster is ticking. I believe this is the last stop in this channel as the bullish RSI divergence has gotten too strong and the bollinger bands have constricted even more. When a crypto consolidates this long, with as low of supply as Farm does (only about 600K tokens), and more than $420M value locked, the breakout is obscene.
Looking at the order book on exchanges, there are large sell orders at 400, 500, 600, 700 -- so it's clear some people know what's coming as well.
Harvest Finance is at most 3 days away from a break to $400Technicals:
- Bullish divergence in RSI
- Oscillator has outpaced the price signaling buy pressure building up and getting accumulated heavily here
- Indicators have flipped bullish
Fundamentals:
- Undervalued based on total value locked. It's trading at just 0.25 fully diluted / TVL ratio.
- Lowest market cap on Coinbase (just $120M fully diluted)
I think this is going to burst to at least $400 any day now.
Harvest finance (FARM) about to get to plowing?What is FARM?
FARM is Harvest Finance’s governance token which allows token holders to influence Harvest’s treasury and the future direction of the protocol. FARM token holders are entitled to the 30% protocol fees.
What is Harvest Finance?
Harvest Finance is an automatic yield farming protocol that helps traders take advantage of the latest DeFi platforms with the highest yield.
Who created Harvest Finance?
Harvest Finance was built by a group of anonymous developers. The only visibility to the team is via a handful of community managers that volunteer their time.
What problem does Harvest Finance solve?
The DeFi space is becoming more complex as more protocols are being introduced. Harvest Finance aims to help non-savvy users yield farm and get the highest DeFi yield while saving time and money.
For users who are yield farming with small amounts of capital, it may not be the most effective use of time to constantly harvest yield from the various DeFi yield farms. Constantly harvesting yield will also incur high gas cost. Harvest Finance collates capital from various yield farmers to do yield farming more effectively saving time and money for users.
Market Cap $174,897,294
24 Hour Trading Vol $34,718,746
Fully Diluted Valuation $203,121,162
Total Value Locked (TVL) $493,881,834
Fully Diluted Valuation / TVL Ratio 0.41
Market Cap / TVL Ratio 0.36
Circulating Supply 594,485
Total Supply 639,924
Max Supply 690,420
This idea is based on a pennant pattern and the current sentiment of the market along with indicators on other charts such as the MACD and RSI showing bullish signs.
FARM - CHAD COINSomething I would like to bring to your attention is the " Harvest Finance Project " Although might seem like a meme coin, with a large TVL, large team. It was able to survive all major dumps and as well hack attacks.
This coin did break down in the last dump and broke the Triangle down. However, now that the market is recovering, we can see good gain and seems like each time this coin drops below 70$ it eventually pumps hard to 200 plus. Well, I'm not saying it will drop again it is possible.
We now see another Moving Average "200" forming and it is holding/having a bounce off it.
What I can tell you right now is that FARM will be $400 and has all the reasons to hit the 1,000 dollar level.
I will post updates and reasoning for each TA I do.
Smogster...