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YFIUSD

YFI/BTC (Bearish Double Top - Confirmed)BINANCE: YFIBTC -The bearish double top pattern is confirmed after the break of the neckline -The downside target is around 1.4BTC or mover than a -30% decline -Be careful as the market is not yet ready to settle down -If you are interested adding positions to your midterm trade Altcoins -Find the major support area and the confluence of previous support & resistance -Because the chances of these zones will hold are high **If you like my daily Published Ideas, Please don't forget to leave a thumbs up and comment below. Thank you!**
by PolarHusk
11
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
by EXCAVO
13
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. Hit that 👍 button to show support for the content! Help the community grow by giving us a follow 🐣 ----- 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. ----- 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! ✨
by AlphaBotSystem
14
Yearn.finance On Steroinds? Surpasses Bitcoin $20k All-time High Yearn.finance beats Bitcoin all-time high to set a bar for itself close to $40,000. YFI/USD establishes support above $30,000 following rejection from the weekend high at $38983. The decentralized finance darling, Yearn.finance has easily become the most expensive cryptocurrency in the world. YFI did not only surpass Bitcoin’s all-time high at $20,000 but also rocked to new all-time highs at $38,983. On some exchange platforms, the token hit highs above $70,000. According to the data provided by CoinMarketCap, Yearn.finance has crossed the $1 billion mark in terms of market share. In the last 24 hours, YFI has attracted a trading volume of $972 million. It is currently the 23rd largest cryptocurrency in the world after growing in value by 20% in the last 24 hours and 170% in the last seven days. From a technical perspective, Yearn.finance appears to have established support above $30,000. Itself, is trading at $34,755 (on Binance). The immediate downside is protected by a sharply ascending trendline. In the event the crypto freefalls under $30,000, the 61.8% Fibonacci level taken between the last swing high at $38,983 to a swing low at $11,844. This same zone forms a confluence support with the 12 Simple Moving Average (SMA) in the 4-hour range. Yearn.finance appears to have the potential to hit highs above $40,000. The Moving Average Convergence Divergence (MACD), for example, is holding strongly above the mean line. It features a wide bullish divergence, cementing the bulls’ position in the market. The gap formed by the 12 SMA above the 21 SMA also shows that the trend is leaning more to the bullish camp. If volume continues to grow, we can expect YFI to sail above $40,000 in the near term. YFI Intraday Levels Spot rate: $34,775 Relative change: 2292 Percentage change: 7.18% Trend: Bullish Volatility: Expanding
BINANCE:YFIUSDLong
by CoinGape
1
YFI: Possible 20K, New ATH Expected? DEFI Hype Train!We are currently seeing a possible wave 5 up to 20K regions, most likely setting a new record for any coin to reach such heights. YFI has surpassed the price of Bitcoin! This may paint another picture for a bigger wave 3, which may even bring us to higher levels in the future if the hype stays. We should be expecting profit taking at the next major psychological resistance at 20,000 USD. Trade Safe! X Force provides quality content provided by experienced traders who would like to make charting more simple for the general public. If you love our content, please make sure to give us a 'like', we would highly appreciate it!
BINANCE:YFIUSDLong
by XForceGlobal
4
YFI/USDT (Bearish Double Top?)YFI/USDT -This coin is painting a Bearish RSI divergence on the 4H time period -Also, it got rejected by the previous resistance top at around 16000 range -We can see the price is starting to build a consolidation range -I do not recommend to buy at current market price expecting the price will go up -It is not safe to buy inside a consolidation phase -Especially there is a sign of weakness of the market -I want to see where the market direction before I will plan my next trade -Don't want to be caught on the wrong side of the boat
by PolarHusk
5