Re-test of 40k?We may be running out of steam here for YFI, possible distribution and re-test of 40k soon, hitting fib 0.786.
IFwe don't hold that level, we can jump in when it hits the low 30's.
Not financial advice :)
YFIUSD trade ideas
YFI/USD Coinbase Descending Broadening WedgeYFI/USD 4 hr chart shows a bullish descending broadening wedge. Histogram shows negative momentum waning. RSI is breaking out of a falling wedge, suggesting breakout to upside.
MY BODY IS READY, RELEASE HER!long on YFI. I was not expecting such a violent upwards run then downwards correction, but that's why we love crypto. Let she if this count holds. of course depends what daddy btc wants to do.
Can it climb above this point!?Maybe, just maybe theses Fib lines actually mean something, and will carry the price up if the price is above this target.
YFI/USD pair may do the nasty(not financial advice)
First try at technical analysis, how’d I do? Thoughts?
Yearn Finance Price UpdateThe 2-hour chart shows us that YFI is close to breaking below a major trend line. This trend has been in place from the 13th of May low at $60,487.
I consider this to be an important level of support, as a clear break has the potential to push the Yearn Finance price back to $50,000.
A series of lows from early April provide support around the $50k mark.
If the price can stabilize above the trendline, it has a chance to recover. There is some resistance at $70,500, and YFI has failed to break above this area for the last 12 hours.
Therefore clearance of $70,500 would suggest the price can continue higher.
The first target would be 81,970, where the price stalled on the rally of the 14th of April.
YFI: The $30,000 wick!!!!Unbelievable. Less than 24hrs.
If you told me just 5 years ago this would be possible I think I have you committed.
YFI 'Run it back'Seen @AngeloBTC trade this a lot.
YFI broke out on BTC pattern after massive accumulation.
Funding reset, even went negative. Safu
yfi fractal at resistanceonce this diagonal is closed above we will see a big push to ATH again for yearn.
a rejection here could see a pullback to the blue diag
YFI/USD Short-term tradeWe have a flag breaking with bullish indicators on the 4h. Perfect oportunity for a leveraged trade
Two choicesYFI has a good chance at continuing higher. It will probably find some resistance at the top of this channel.
YFI LongYFI ascending triangle structure, measured move takes you to the 1.272 fib extension, set a stop loss right below the previous low
YFI/USD - Looking for another impulse upTrading the short term on this uptrend has been good. Let's try to keep doing it
Yearn.Finance possible breakout Open long position may be high risk at May however i see it quite well.
Taproot activation on BTC can save us from dump at this difficult moment.
Remember, May is always unpredictable in the market, so keep your eyes peeled.
YFIIf it succeeds in breaking the resistance range, it can reach the mid-line of bigger channel.
This analysis is valid as long as the price does not exit from channel and exit from it can be considered as stop loss.
Yearn Finance (YFI) About to Retest All Time HighsSteady upwards growth I love the way this chart looks. We've been holding a bullish trendline since early November of last year, YFI is already 100% through its circulating supply so no more YFI coins will come into existence, total value locked (TVL) is increasing every month, and the Bitcoin dominance is dropping. Also we're about to bullishly divergence on our daily MACD. YFI's Q1 reports for
I personally believe once Ethereum's EIP1559 is enacted in July we will see another DeFi mania in the months to come afterwards. One of the biggest DeFi aggregators for yield farming. Keep Yearn Finance on your radar.
Much peace, love, health, and wealth.
