Yearn. Finance ( YFI)YFI usdt Daily analysis
Time frame daily
Risk rewards ratio >2.5 👈👌
Target 11515 $
Yearnfinancevalue
Yearn Finance Hit by 63% Treasury Loss Due to Script GlitchYearn Finance experiences a major treasury loss due to a multisig script error, leading to new safety measures and community outreach.
In a significant setback for Yearn Finance, a leading player in the decentralized finance (DeFi) sector, a script malfunction in its multisig (multi-signature) system led to a substantial loss of its treasury assets. The incident on December 11 resulted in the unintended swap of Yearn’s treasury balance, amounting to a loss of approximately 63%.
The company confirmed that the loss affected only the treasury funds and did not impact customer funds. The mishap involved the accidental exchange of 3,794,894 lp-yCRVv2 tokens from Yearn’s treasury. This transaction, executed on CoW Swap, led to significant market slippage due to the large volume involved, further exacerbating the loss.
Yearn Finance Treasury Error Triggers Huge Loss
The event unfolded as a result of multiple oversights in handling the treasury funds. Yearn’s statement explained that the entire treasury balance, including fees, was mistakenly transferred to a trading multisig, initiating over 30 trade orders. Among these was the critical swap of the treasury balance.
This transaction’s complexity and high volume of trades hindered effective human review, allowing the error to pass unnoticed. The protocol identified that the script used for token swapping lacked adequate output checks and contained a logical flaw. This flaw failed to cap the trade size, leading to the unintended large-scale transaction.
New Safety Steps at Yearn Post Loss
Yearn Finance has implemented several measures to prevent a recurrence in response to this incident. The protocol plans to segregate protocol-owned liquidity (POL) funds into separate entities and enhance its trading scripts to produce more comprehensible output messages. Additionally, it will enforce stricter price impact thresholds during trades.
This incident is not the first security challenge Yearn has faced. Earlier in the year, the protocol was the target of an attack where a vulnerability in a Yearn vault was exploited, resulting in the theft of approximately $11 million in stablecoins. The attacker utilized a small amount of tether (USDT) to mint a vast quantity of yUSDT. This Yearn-equivalent token was exchanged for stablecoins, culminating in a significant financial loss for the protocol.
Yearn Finance has reached out to the community, appealing to those who profited from arbitraging the mistake to return a reasonable amount to Yearn’s main multisig wallet, ychad.eth. This appeal highlights the collaborative and self-regulating nature of the DeFi community.
Bitcoin Value Forecast 2022Why 2021 Was a Decent Year for Bitcoin
More than 2021, Bitcoin partook in a lofty ascent in its fairly estimated worth. Toward the beginning of the year, a solitary coin was esteemed at $32,000, and by April that number had multiplied. Brokers were hopeful that more extensive acknowledgment of bitcoin by dealers and large banks would uphold the cost.
In any case, the guarantee beat the truth — it was basically impossible to utilize bitcoin for quite a bit of anything with the exception of speculative, dangerous exchanging. A decrease in the securities exchange in late 2021, and a fall in profoundly esteemed development stocks, conveyed cryptographic forms of money down too. Bitcoin completed 2021 at about $47,300.
As digital currency is still generally seen as a dangerous, speculative resource, this "risk-off" exchange brought bitcoin down to beneath $27,000 by early May. This addresses a deficiency of over a portion of the worth Bitcoin came to at its November 2021 pinnacle of $69,000, focusing on no indications of supported recuperation.
Worries over the high power utilization related to bitcoin mining and the forbidding of digital currency exchanges by China likewise burdened bitcoin's worth.
What Is the Fate of Bitcoin? Whales Make a plunge
The future cost of bitcoin relies upon whether advanced monetary forms can act as valuable monetary resources. There was little help for this idea among monetary newsmakers in the early years, however, some once-suspicious significant financial backers have come around.
Smorgasbord and Others Now Adherents
Warren Buffett, whose Berkshire Hathaway organization has compensated financial backers with colossal returns over many years, when depicted digital money as "rodent poison squared," and he swore he could never contact it. Be that as it may, by buying NuBank, a computerized "neobank" engaged with the crypto space, Smorgasbord has given bitcoin a handed-down demonstration of positive support.
Lloyd Blankfein, a previous executive of Goldman Sachs, has declared that he's "developing" on bitcoin and other digital forms of money. Jack Dorsey, an organizer behind Twitter, surrendered his occupation as President of that organization to run Block, an installment handling pioneer that is presently growing new computerized money applications.
Reception by these and other corporate pioneers could uphold an inversion in bitcoin's fast drop and bring higher worth toward the finish of 2022.
YFIUSDT upto 214% profit possibility aheadHi friends hope you are well and welcome to the new update on YFI token
Wedge and 100 SMA support:
Even though the priceline has already completed a Gartley move on the weekly chart, but if the priceline breaks down the support of wedge and the 100 SMA on the daily chart, then it can give another chance to buy from the potential reversal zone.
Gartley move:
When the price action will again enter the potential reversal zone of Gartley then the buying and sell targets can be as below, as per the Fibonacci sequence of Gartley:
Potential reversal or buying zone: $18649 to $11787
Fibonacci projection or sell zone: $ 24079 to 37071
YFIUSDT it can be another buy the dip opportunity Hi friends hope you are well and welcome to the new update on the YFI token.
Rejection by 30K resistance level:
Previously we have seen that the price line of YFI was rejected by the 30K resistance and it was moving towards the support of 20K. Now finally the price action has bounced from the 20K support.
Price action forming lower highs:
Now if we take a look at the live daily chart, the price action of YFI is also having good support of 100 simple moving average at the same level where it has the 20K support. But after getting bounced from these supports the YFI did not reach the 30K resistance even it is forming lower highs.
Formation of a falling wedge:
While forming lower highs and lower lows the price action of YFI token has also formed a falling wedge pattern. The 100 simple moving average is also working as strong support with the support of this wedge pattern.
An expected Gartley move:
Now if we switch to the long-term weekly chart, then priceline is likely to complete the final leg of the bullish Gartley pattern. If the price action breaks down the 100 simple moving average and the 20K support level on the daily chart, then this Gartley move on the weekly chart will be confirmed. The potential reversal zone of this pattern is from $18649 to $11787.
Conclusion:
Even though the priceline of YFI token has good supports of 100 simple moving average, 20K and support of wedge on the daily chart, but if these supports will be broken down then an imminent move upto $ 11787 can be expected to complete the final leg of bullish Gartley pattern that is being formed on the weekly chart.
YFIPerp.USDT (Y20.P5.E2).Bullish cased.chart
Hi,
It is likely BTC will slow down at this level and potentially pull back.
The pullback will give YFI the chance to test the trend line and as per bullish move, have it bounce with a lower high.
I would like it to be the black line as it gives you a chance to prepare.
The red line will be waiting for the pullback at some stage.
All the best,
S.SAri
YFIUSDT may re-test $20K supportHi friends, hope you are well and welcome to new update on YFI token.
Priceline moving in Fibonacci projection zone:
After taking bullish divergence from potential reversal zone of bullish Butterfly, the priceline is still moving within the Fibonacci projection or sell zone area.
After rejection moving toward support:
After being rejected by $30K resistance now the price action is moving towards $20K support and likely to form a parallel channel within these support and resistance levels. While the price action is forming higher highs on the other hand the RSI is forming lower highs, therefore there are more chances for the continuation of bear trend.
The channel can be changed:
If the price action will be bounced from 100 and 50 simple moving averages then the movement can be changed from parallel to up channel.
The harmonic BAT move:
On daily chart, the priceline of YFI token is also completing the final leg of bullish BAT and for the completion of this leg the priceline may move down between: $21128 to $ 19773 then it may move up from this potential reversal zone.
Conclusion:
All indicators and patterns have confirmed a move upto $19773 but we should use the potential reversal zone of bullsh BAT as stop loss because, if it will be broken down then the bear trend can be continued.
Note: Above idea is for educational purpose only
YFIUSDT completing final leg of BAT| Upto 23% move expectedThe previous idea produced more than 281% profit:
Now on daily time period chart, the price action of yearn.finance (YFI) is completing the final leg of bullish BAT and soon it will be entered in the potential reversal zone. There is also a 50 SMA support in potential reversal zone.
Buying And Sell Targets:
The buying and sell targets as per Fibonacci sequence of bullish BAT pattern should be as below:
Potential reversal or buying zone: $21128 to $ 19773
Sell or Fibonacci projection zone: $ 29342.54 to $ 24359
Stop Loss:
The potential reversal zone area that is up to $19773 can be used as stop loss in case of complete candlestick closes below this level.
Possible profit and loss ratio:
As per above targets this trade has a profit possibility of 23% and as per the above-mentioned stop loss, the loss possibility is 6.5%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
YFIUSDT completing final leg of Butterfly | It can be 1600% moveThe priceline of yearn.finance (YFI) is completing the final leg of bullish Butterfly, the targets as per the Fibonacci sequence of Butterfly are:
Potential reversal or buying zone: $11060.76 to $2044.12
Fibonacci projection or sell zone: $18058 to $34994
Regards,
Atif Akbar (moon333)
yearn.finance (YFI) Again Rejected By $30K ResistanceOn daily chart, the priceline of YFI token has again been rejected by $30K resistance.
The price action also has good supports of 25, 50 and 100 SMAs. If the price action will breakdown the 100 SMA, then it can re-test the $20K previous support as well.
On 4 hour chart the price action of YFI is also moving above 50, 100 and 200 simple moving averages.
Now the priceline is using these SMAs as good support. We can use the 200 SMA on 4 hour chart or the $20k price level support as stop loss.
Now 1st the priceline may form an up channel if it will be bounced from an up trend line. If it will break down the 100 SMA or the 20K support level, then we can expect another Shark move like previously the price action did.
YFI broke recent highPlease feel free to share your view on this pair down below in the comment section. I'm more than happy to be challenged and have an interaction on this idea.
Also make sure to leave a like as it helps me out a lot!
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- Weekly chart = strong bullish trend
- Daily chart = strong bullish trend
- Broke resistance
- MACD going wider apart
Two daily resistance levels shown on chart, after which the only real resistance is at the ATH around $43K.
When do you think we will see a new YFI ATH?
Bullish pattern breakout apparent & next resistances to watch*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I may also own or trade any of the symbols and cryptocurrencies mentioned in this video so do not make your trading or investing decisions based on this video. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky. Affiliate links are also included in this same video description section here and if you decide to support me by using any of them, I may receive a referral bonus or commission.
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KEY supports & resistances to watch within this bullish pattern*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I may also own or trade any of the symbols and cryptocurrencies mentioned in this video so do not make your trading or investing decisions based on this video. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky. Affiliate links are also included in this same video description section here and if you decide to support me by using any of them, I may receive a referral bonus or commission.
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Bullish pattern apparent can the bulls break out?*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I may also own or trade any of the symbols and cryptocurrencies mentioned in this video so do not make your trading or investing decisions based on this video. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky. Affiliate links are also included in this same video description section here and if you decide to support me by using any of them, I may receive a referral bonus or commission.
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Bullish price action still expected soon IF bitcoin HOLDS*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I may also own or trade any of the symbols and cryptocurrencies mentioned in this video so do not make your trading or investing decisions based on this video. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky. Affiliate links are also included in this same video description section here and if you decide to support me by using any of them, I may receive a referral bonus or commission.
*Follow me for the latest cryptocurrency analyses on my watchlist
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*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
Bullish pattern apparent levels to watch for & can it break out?*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I may also own or trade any of the symbols and cryptocurrencies mentioned in this video so do not make your trading or investing decisions based on this video. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky. Affiliate links are also included in this same video description section here and if you decide to support me by using any of them, I may receive a referral bonus or commission.
*Follow me for the latest cryptocurrency analyses on my watchlist
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Price action broken down & KEY support levels to watch*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I may also own or trade any of the symbols and cryptocurrencies mentioned in this video so do not make your trading or investing decisions based on this video. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky. Affiliate links are also included in this same video description section here and if you decide to support me by using any of them, I may receive a referral bonus or commission.
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Short-Term reversal apparent & its target if it plays out*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I may also own or trade any of the symbols and cryptocurrencies mentioned in this video so do not make your trading or investing decisions based on this video. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky. Affiliate links are also included in this same video description section here and if you decide to support me by using any of them, I may receive a referral bonus or commission.
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Sharp drop & bounced back how long before breaking 30K?*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I may also own or trade any of the symbols and cryptocurrencies mentioned in this video so do not make your trading or investing decisions based on this video. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky. Affiliate links are also included in this same video description section here and if you decide to support me by using any of them, I may receive a referral bonus or commission.
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NEXT support to watch if this does not hold & short predictions*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I may also own or trade any of the symbols and cryptocurrencies mentioned in this video so do not make your trading or investing decisions based on this video. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky. Affiliate links are also included in this same video description section here and if you decide to support me by using any of them, I may receive a referral bonus or commission.
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Can bulls stay above THIS support & break this resistance?*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I may also own or trade any of the symbols and cryptocurrencies mentioned in this video so do not make your trading or investing decisions based on this video. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky. Affiliate links are also included in this same video description section here and if you decide to support me by using any of them, I may receive a referral bonus or commission.
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YFIUSD 30min: Decision time!Congrats to those that followed the previous post, huge gains today. All levels remain the same, as we see on the 30 min chart YFI needs to make a decision. Follow the levels accordingly after the pennant breaks, good luck to all.
As always: feel free to comment your outlook, ask questions/ comment a pairing you'd like me to publish. links to previous YFI & XRP TA below
Cheers,
Tony
Is there more upside & KEY levels to watch for*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I may also own or trade any of the symbols and cryptocurrencies mentioned in this video so do not make your trading or investing decisions based on this video. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky. Affiliate links are also included in this same video description section here and if you decide to support me by using any of them, I may receive a referral bonus or commission.
*Follow me for the latest cryptocurrency analyses on my watchlist
*Thank you to those who donated, I very much appreciate it.
*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
