YFI had its sell off, had its exploit, and increased supply from 30k to 36k. Sold off, now we are looking to go higher. The project team have used the newly minted 6,000 coins to pay anyone who lost money in the exploit (which will be paid back to the project through usage fees). Almost every defi project has seen gains, YFI being the one the started it all is well over due for a major pump.
If break up to upside, next stop 40k (short term) long term 100k)
If it fails to break out, support at 28k
If break up to upside, next stop 40k (short term) long term 100k)
If it fails to break out, support at 28k
Comment:
Breaking out, and currently a small dip with 4 hour bullish hammer. Buying the dip
Comment:
This has turned into a cup and handle on the 1 hr, strength given to push well beyond 40k, most likely to break ATH soon and enter price discovery.
Comment:
ATM busted, here we go, looking for 42K, 60K, 72K, 100K long term