Been making higher highs and higher lows.. lagging the rest of defi as the monthly narrative following the BTC correction to 40k has shifted to FTM, Spookyswap ($BOO), KP3R which outperformed most (see previous charts), and Andre Conje's new ve(3,3) model which he's implementing on SOLID? and KP3R this week.
Follow The Cronje.
If Conje is implementing ve(3,3) on his new project (SOLID?), and he verified he's rolling it out on KP3R this week, there could be evidence for speculative accumulation occurring in YFI as well. He already made an amendment to the YFI tokenomics in late December saying he's issuing an aggressive buyback of shares using treasury funds (like $50m in the treasury.. big whoop), but I think a nice little play on this new emerging ve(3,3) bullish narrative could be YFI at 33700 here.
Local breakout little while back after a triple bottom formation , could also be an inverse head and shoulder if you want to count that middle wick, either way.. slightly bullish.
Overall.. not the most bullish chart I've ever seen but there is sufficient evidence that downside risk is relatively limited, Andre is active and YFI is lagging, and the underlying narrative is what we're trying to get exposure to here. Rising tide floats all boats.
If you want to speculate on ve(3,3) or long term breakout from yfi/weth pair which just occured (ATH was 1 YFI = 120 ETH), assuming maybe there will be correlation with KP3R/WETH which just broke from a long term correction / reaccumulation ) , I think YFI could be an interesting play. This thing usually needs a catalyst to move (news, tweets, partnerships)... let's see if ve(3,3) speculation is good enough.
Not a financial advisor, do your own research.
Follow The Cronje.
If Conje is implementing ve(3,3) on his new project (SOLID?), and he verified he's rolling it out on KP3R this week, there could be evidence for speculative accumulation occurring in YFI as well. He already made an amendment to the YFI tokenomics in late December saying he's issuing an aggressive buyback of shares using treasury funds (like $50m in the treasury.. big whoop), but I think a nice little play on this new emerging ve(3,3) bullish narrative could be YFI at 33700 here.
Local breakout little while back after a triple bottom formation , could also be an inverse head and shoulder if you want to count that middle wick, either way.. slightly bullish.
Overall.. not the most bullish chart I've ever seen but there is sufficient evidence that downside risk is relatively limited, Andre is active and YFI is lagging, and the underlying narrative is what we're trying to get exposure to here. Rising tide floats all boats.
If you want to speculate on ve(3,3) or long term breakout from yfi/weth pair which just occured (ATH was 1 YFI = 120 ETH), assuming maybe there will be correlation with KP3R/WETH which just broke from a long term correction / reaccumulation ) , I think YFI could be an interesting play. This thing usually needs a catalyst to move (news, tweets, partnerships)... let's see if ve(3,3) speculation is good enough.
Not a financial advisor, do your own research.
