yearn.finance (YFI) vs TetherUS (USDT) Mapped Up To $162,201

There are four charts that are all moving closely together and these are:

1) YFIBTC
2) YFIUSDT
3) YFIIBTC
4) YFIIUSDT

So far, they have been following each other always.

I just shared YFIBTC, check my profile, and now YFIUSDT is looking very similar.

Instead of BTC numbers, we get USDT numbers.
It is all pretty much the same.

• After a low was hit 5-Nov. a strong bullish breakout took place.
  
• The price continued to grow, peaked 20-Nov. and then we had a retrace.
  
• After EMA50 was tested as support, we saw a quick reversal and now the bulls are back in control.
  

The retrace hit the 0.5 Fib. retracement support level, signaling good strength.

Earlier we were seeing the retraces going lower and bounce at 0.786 fib.

All trading above EMA50 we consider it bullish.
Breaking below this level can send prices lower but the bulls stay in control.

These things take time to move...
It doesn't happen in days or weeks, every wave needs months to complete.

Namaste.

Previous chart (YFIUSDT) | Nov. 7

Comment:

A new high for YFIUSDT.

Enjoy the profits.