Right now Yearn is dipping below the ema and can't hold it. So here are some support lines we can look towards
-27660.77-24679.44: 27660.77 held up as support, so a retest wouldn't be a bad idea for healthy growth. 24679.44 is a little worry sum since it never stayed long enough to build support and just rocket up.
-Red zones or correction zones would be 19579.82, which is a 50% correction from the highs and 10307.52 for 80% for bubble correction. 14862.68 would be a conserative buy in.
-Now if we do break above the ema and hold first target is 32377.46, then 34113.74, and finally if it passes that we looking towards breaking its ath at 39680.84.
-RSI looking like its about to dump to oversold
-MACD looks like a dump is coming and its the end of the upward move
-I do give it a Short/neutral since it looks like its about to pop up, yet on the microlevel its pretty bearish. So proceed with caution and don't get hype up. I wouldn't actually use this project and just store it on trustwallet if it supports or just leave it on binance, unless you know alot about the project and team.
Final thoughts
Not trading it, but fun and trying to give buy in opportunity. Just like Pokadot, I know nothing about these defi stocks and seem very risky. Safe play and can never go wrong is with 0x, which is a middle man protocol that most of these projects need.
-27660.77-24679.44: 27660.77 held up as support, so a retest wouldn't be a bad idea for healthy growth. 24679.44 is a little worry sum since it never stayed long enough to build support and just rocket up.
-Red zones or correction zones would be 19579.82, which is a 50% correction from the highs and 10307.52 for 80% for bubble correction. 14862.68 would be a conserative buy in.
-Now if we do break above the ema and hold first target is 32377.46, then 34113.74, and finally if it passes that we looking towards breaking its ath at 39680.84.
-RSI looking like its about to dump to oversold
-MACD looks like a dump is coming and its the end of the upward move
-I do give it a Short/neutral since it looks like its about to pop up, yet on the microlevel its pretty bearish. So proceed with caution and don't get hype up. I wouldn't actually use this project and just store it on trustwallet if it supports or just leave it on binance, unless you know alot about the project and team.
Final thoughts
Not trading it, but fun and trying to give buy in opportunity. Just like Pokadot, I know nothing about these defi stocks and seem very risky. Safe play and can never go wrong is with 0x, which is a middle man protocol that most of these projects need.