Quick hopium chart, certainly possible. YFI could be forming a giant inverted HS on the weekly here. On the daily this could see lower lows than what is shown on the weekly. The daily seems to have more potential for a triple bottom, which would see us go lower.
On the other hand, it could totally ignore that and turn up from where we are now. Either way, Yearn has a good chance at seeing some nice gains vs BTC as long as the weekly stays somewhere above where the proposed head currently sits.
Conservative target would have us revisit the 0.618 fib around 2.42-2.48 btc/yfi
OBV shown for confluence, supporting bullish movement against BTC for YFI. Ethereum chart looked very similar to this prior to its run up earlier during spring of this year.
Related ideas for YFI posted under the Link to Related Ideas below.
On the other hand, it could totally ignore that and turn up from where we are now. Either way, Yearn has a good chance at seeing some nice gains vs BTC as long as the weekly stays somewhere above where the proposed head currently sits.
Conservative target would have us revisit the 0.618 fib around 2.42-2.48 btc/yfi
OBV shown for confluence, supporting bullish movement against BTC for YFI. Ethereum chart looked very similar to this prior to its run up earlier during spring of this year.
Related ideas for YFI posted under the Link to Related Ideas below.
