We may not have a big enough bounce off the MA50 to keep us out of danger in the short term, so we could see another drop back down to areas of higher support, and a consolidation. crossover shows it favors the Bulls, which was what brought the token into gains of over 100% recently. is at 59, which is a perfect buying zone to be in, as this increases to 70s or 80s we will dip into the overbought zone and have our potential correction.
Otherwise, if this does play off the MA50, we should see it reach the goal in a shorter timeframe. 35k is not the end, just the level that YFI needs to become relevant in mainstream. There was a lot of buying pressure recently, as YFI dipped down to 8k, which saved it from further danger. But its not out of the woods yet.
But if you look at 2017, youll see that ICOs exploded much higher in 2017 - and I think we will see a similar pattern of Defi - It has demonstrated its place in Crypto, and is here to stay. I think the bubble has just started, and YFI is one of the top names out there. Same with Uniswap, which I was buying down to $1.63 I think. Once Version 3 releases, that coin could be $10-$15. I bought YFI down to 8k, and if it dips again ill buy again. We have a potential reward of 100k, having hit 44k already I think that is a very real target price, potentially higher. A very real risk is the coin drops down to 3k-4k (sure it could be zero, but I don't see that being very tangible). So the risk/reward turns in our favor once the coin dips down to 8k-10k or lower, which I believe will happen.
It's a big name in the top performing sector of a hot industry - <- That is one of my fundamentals for the stock market too, and it has been working out.