$YFIUSDT - Retest of this resistance as support looks promising Hello everyone!
When the market is down there are several alts that remain strong, one of which is YFI, the others are AAVE, COMP and during the last days - ETH.
YFI tested the previous dynamic resistance as support which gives a clear sign of bullish continuation.
With almost 2 billion long liquidations money will start flowing in from vaults.
The market at current is still overpumped but will stabilize on few days. YFIUSDT may drop to 64600 before another upside attempt.
Yearnfinance
YFI 1D Careful with long, active sales started, drawing PinbarWe missed something about YFI and haven't analyzed it for a long time, but in vain)
YFIUSDT price came to life and soundly updated the maximum, new ATH $95,000
After yesterday's strong growth, today at the daily candlestick, the price of YFIUSD begins to draw a pinbar. And if today the value of the token of the Yearn.finance project closes in the range of $80-85K, then a Pin bar will finally form, which in turn will be perceived by traders as a strong reversal signal.
The consequences of a reversal after such growth are difficult to assess, however, we note that the strong liquid zone where YFIUSDT longs were accumulated is $30-44 thousand. If we take a little narrower, then the range of $34,000-37,500 can be considered a tasty zone for investment long term.
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Yearn Finance -YFI- Crypto - Paving the way to $100,000 for BTCYearn Finance -YFI- Crypto - YFI will be the first crypto to hit $100,000. YFI is paving the way to $100,000 for Bitcoin BTC. If you don't believe in the financial energy that is generated through crypto you will soon. If YFI can hit $100K then BTC can also. More and More people will jump into crypto. Also consider that a Golden Sachs Director quit his job after getting rich with Dogecoin. Just think how much his salary was at Golden Sachs He walked away from GS because he believed in crypto's financial energy. Tap into the financial energy. You are an early pioneer. Not financial advice.
YFI (Yearn.finance) Token Analysis 15/03/2021Fundamentals:
Yearn.finance is an aggregator service for decentralized finance (DeFi) investors, using automation to allow them to maximize profits from yield farming.
Its goal is to simplify the ever-expanding DeFi space for investors who are not technically minded or who wish to interact in a less committal manner than serious traders.
Launched in February 2020, the service, formerly known as iEarn, has seen huge growth in recent months as new products debuted and developers released in-house token YFI.
Yearn.finance set out to simplify DeFi investment and activities such as yield farming for the broader investor sector.
The platform makes use of various bespoke tools to act as an aggregator for DeFi protocols such as Curve, Compound and Aave, bringing those who stake cryptocurrency the highest possible yield.
New features continue to be rolled out, these aiming, among other things, to help preserve the long-term value of the platform.
Yearn.finance makes a profit by charging withdrawal fees, currently 0.5% at the end of September 2020, as well as 5% gas subsidization fees. Due to its governance model, these can technically be changed by consensus at any time.
The target market for yearn.finance is investors who do not have the time to study the increasingly complex DeFi phenomenon from scratch, or who wish to optimize their returns.
Yearn.finance is the brainchild of Andre Cronje. After leaving the iEarn project in February 2020, Cronje returned to oversee a rebirth, with new tools emerging and YFI going live in July.
Since then, its fortunes have turned around, with assets under total value locked coming in at just over $1 billion as of the end of September 2020.
Cronje has a long career in cryptocurrency and has become synonymous with DeFi in particular. He also has positions at smart contract ecosystem Fantom and CryptoBriefing, a resource dedicated to initial coin offerings (ICOs) and crypto media.
Technical Analysis:
as you can see the price is Rallying in a PitchFan and there exist a Hidden Bullish Divergence between the Price and MACD Histogram which is the sign of trend continuation.
there are total of 2 Targets specified by the Fibonacci projection of the initial wave and their confluences with the PitchFan levels.
Yearn.finance (YFI) Trading above MA200 & EMA200 = BullishAs usual, we have YFII and YFI moving together.
Here we are looking at the YFIBTC pair for Yearn.Finance.
Just yesterday prices managed to break and close above EMA200.
The day before, we say YFIBTC conquer MA200 which is the black line on the chart.
This is a strong bullish signal.
The MACD is on the bullish zone and the RSI super strong, very similar to YFIIBTC which is now available by visiting my profile.
The targets are the light green dashed lines on the chart.
The main support stands at EMA50 or 0.83791.
Above this level we are bullish.
Below it, we switch to bearish.
We are looking at higher highs and higher lows with YFIBTC easily printing additional growth.
Patience is key for sure...
Namaste.
Yearn.finance perfect both vs USD and BTCYFI had an insane pump over the summer and it reached 1B marketcap from 0. That clearly was unsustainable and the aftereffects where clear. Everyone was hyped about YFI for a really long time but the chart looked weak. Anything that got added to the YFI ecosystem initially did well, except YFI. However now it is very clear that there is a breakout both in USD and BTC terms.
On YFIUSDT the ATH has turned into support, while on YFIBTC we have an incredible floor. Looks like a gigantic Adam & Eve bottom + a mini inverse Head & Shoulders at the end, right after breaking the diagonal resistance. No idea how well can this do right now as most coins are up 20-30% over the last 2 days, but to me there is much more to it. Short term a pullback down to 48000 wouldn't be unreasonable
🆓Yearn.Finance/USDT Analysis (24/4) #YFI $YFIYFI is dumping strongly and the dip would be 33k$ or 37k$, for target at 45k$, which is very strong resistance and it could push YFI down to 37k$ again and then generate new rally up to 65k$
📈BUY
-Buy: 36-38k$
-Buy: 32-34k$. SL B
📉SELL
-Sell: 44-46k$. SL A
-Sell: 51-53k$. SL A
-Sell: 64-66k$. SL A
♻️BACK-UP
-Buy: 27-29k$ if A. SL B
-Buy: 19-21k$ if A. SL B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
YFI - 100K before Bitcoin ?Although Ascending channel is normally not a bullish pattern but overall sentiments are quite bullish. Remember closing above ATH is a BUY signal as there will be a price discovery. Price has been increasing while volume has been decreasing, so there is a big move coming. Short term is bullish, will test the upper resistance in the channel and like to break upside.
Is YFI going to be the first crypto to achieve 100K? chances are HIGH. Lets see!!
YFIBTC broken out of longterm downtrendYearn Finance
OBV never stopped being bullish
1btc is first target and targets get alot higher after that
stupidly scarce token, essentially a collectable
after recent nft craze, wouldnt be surprised if we start up the old 1yfi=3btc meme back up
dont fite memes in crypto, see doge for reference
sendit
DeFi aggregator Troy lifting off NOW. ($TROY)DeFi play TROY is a Smart Hybrid Asset Management System offering yield farming, fixed savings, a liquidity aggregator (for Binance, Huobi, OKex, Uniswap, Curve, Balancer), provider of arbitrage opportunities, etc.
EMA is in a healthy spot with MACD and other important indicators ready to bounce up for the next big jump. TROY softened a little on the last BTC drop but not nearly as much as others like DENT, HOLO, etc., which points to some serious momentum up. This coin hasn't had the massive jump yet that other microcaps have and it's a 10 billion coin circulation not 100 billion like HOLO and others which means a much higher target price .
A few sources say whales have been accumulating. Trust the charts, not the "crowd wisdom" on this one and take your positions now...
Buying information for a very accessable exchange as well as financial disclaimer in the signature.
Good luck.
Yearn Finance / TetherUSD long idea 🚀YFI looks to be forming higher lows and higher highs, it looks like it's slowly forming into a parabola.
I will be accumulating long positions on the retracement between the fibonacci levels and previous market key levels, both of which line up perfectly.
It also has been forming a rounding bottom, which is bullish.
The stop will be set just under 40k because of the huge buy wall there (psychological support and high demand in that zone).
/!\ Disclaimer: Always do your own research, this is not financial advice, just my though process! /!\