YFI break out soon YFI had its sell off, had its exploit, and increased supply from 30k to 36k. Sold off, now we are looking to go higher. The project team have used the newly minted 6,000 coins to pay anyone who lost money in the exploit (which will be paid back to the project through usage fees). Almost every defi project has seen gains, YFI being the one the started it all is well over due for a major pump.
If break up to upside, next stop 40k (short term) long term 100k)
If it fails to break out, support at 28k
Yearn
$YFI/USDT 1h (Binance Futures) Falling wedge breaking outYearn.finance is looking bullish again, let's scalp the break-out!
Current Price= 29695.6
Buy Entry= 29702.4 - 29340.2
Take Profit= 31037.9 | 32369.3 | 34772.9
Stop Loss= 27964.7
Risk/Reward= 1:1 | 1:1.87 | 1:3.43
Expected Profit= +10.42% | +19.44% | +35.74%
Possible Loss= -10.42%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 2x
Estimated Gain-time= 120h
DOUBLE-TOP GRAPHIC STANDARD CONFIRMED! AND NOW? DAILY YFIBUSDTechnical analysis regarding the price of YEARN FINANCE in relation of dollar Binance for the next scenarios, based on daily movement.
The price has formed a double top chart pattern, already shrinking and is reaching the uptrend line to test it! The price has been moving upward, making funds / upwards, and the 34-period EMA is driving the price. However, the SAR Parabolic is in a downward movement, which I believe will end after there is a stagnation in this correction. (If the double-top pattern is concrete, the tendency is for the price to fall! But I believe in this cryptocurrency and well, the price will be able to seek the projected bullish targets (green lines) and continue with the valuation! it's a good one!
disclaimer
*** This is not a recommendation to purchase and/or sale. It is for educational purposes only. ***