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YFIUSD

YFI | breaking the bullish canal downwards, and consolidatingYFI has broken the bullish canal that it has been. This is a big sell sign. However, since it is holding onto the support level below the canal so far, this breakout can be a fake one. In the case of YFI holding onto this support level, it is likely that it will go back to the bullish canal and make a new higher high. The current level is also a strong Fibonacci level, making this support level even more valuable. In the case of this support line braking downwards, the analysis will be very bearish.
Long
by knnhsn
5
YFI/BTC (Trading Inside a Descending Channel)BINANCE: YFIBTC -YFI is trading inside a descending channel with a series of LH and LL -If the price keeps respecting this channel, it may retest the key support at 2 BTC -I recommend waiting for the price reaches key areas or until the channel is broken -A drop to 2 BTC is more than -20% so let's wait and see how the market will react below `````````````````````````````````````````````` Trading Involves High Risk Not Financial Advice Please Exercise Risk Management `````````````````````````````````````````````` If You Like My Daily Published Ideas A little Help By Supporting My Channel Through Leaving A Thumbs Up, Comment & Follow Happy Trading! --> Thank You! :) ``````````````````````````````````````````````
by PolarHusk
10
YFI in a 6-Day 🐂 Flag!YFI is in a Bullish flag that is about to retest the downtrend line of the flag, roughly testing $38.250 - 13% If the downtrend line breaks, I expect a peek at least to $42.000, so that can be the second TP - 24%. IF the price of YFI breaks the $42.000, I expect to rise all the way to $45.000 (33%) and if this level is also broken, maybe even $50.000 (47%). RSI has found support and is forming new higher high. MACD is giving first tick of buying wave. Price found support at 200EMA. We are in a 6-day bullish pattern called Bull Flag . The setup is invalid if the price breaks below $29.000, that would mean over 10% loss. And remember not to get too greedy, there are many other good alt coin trade opportunities. All the best! Tibor
Long
by TiborVrbovsky
8
YFI about to perform 14% move from bull pattern!YFI is currently in an ascending triangle which is an bullish pattern. The price has already broken the resistance area of the triangle and confirmed it as a support, and the move up is already happening. I don't expect YFI to retest the ascending triangle uptrend line, but it's a possibility. Either buy market or buy the break of $36.688. Take profit below $39.000 and below $41.500 If the uptrend line of this ascending triangle gets broken, that would invalid this setup. Good luck! Tibor
Long
by TiborVrbovsky
9
YFI/BTC (Bearish Double Top - Confirmed)BINANCE: YFIBTC -The bearish double top pattern is confirmed after the break of the neckline -The downside target is around 1.4BTC or mover than a -30% decline -Be careful as the market is not yet ready to settle down -If you are interested adding positions to your midterm trade Altcoins -Find the major support area and the confluence of previous support & resistance -Because the chances of these zones will hold are high **If you like my daily Published Ideas, Please don't forget to leave a thumbs up and comment below. Thank you!**
by PolarHusk
11
YFI - yearn.financeyearn.finance is a Decentralized Finance (DeFi) platform which aims to build products on aggregated liquidity provision , leveraged trading, automated marketing making, and more. The YFI token is the native utility token in the yearn.finance platform. Users can earn it by contributing liquidity to yearn.finance's aggregated liquidity pool, or ypool, and use the token for platform governance. yearn.finance currently provides a profit optimizing service for lending providers, moving providers' funds between dYdX, Aave, and Compound autonomously for highest return. The balanced scheme works without attracting new funds. Therefore, the team has no reason to scam the project. Perhaps there are other reasons, for example, a technological scam: some kind of back door or problems with IT or Blockchain will give an error that will make it possible to steal money. All tech companies have such problems: Twitter, Apple, etc. In general, this is not a scam or a financial pyramid like the Ponzi. The project has a use case, some people believe in it, there is a kind of ecosystem. A disadvantage is a large number of audits. Since there is a lot of money in the project, and hackers did not steal it, this is probably not so easy to do. This was written by Andre Cronje - he has been in the cryptocurrency field for a long time and has done a lot of useful things, so people trust him. Motivation The YFI community is currently working with Delphi and Gauntlet to develop an economic model and inflation schedule. Until this process is complete, the project lacks the funds for any operational expenses including, but not exclusive to, security audits, deployment costs, consulting expenses, and compensations. All surplus rewards are directed to the governance pool. How does the protocol make money? There are two sources of income: 0.5% Commission for withdrawing money (this commission is charged in the case of Earn (Lending optimization) and the case of Vaults (Yield farming optimization) The economics simple YFI charges a 5% gas subsidization (performance) fee on the capital it's managing as well a 0.5% withdrawal fee if the user pulls their capital out. The withdrawal fee applies to both its Earn and Vaults products, while the performance fee only applies to its Vaults product. More specified that the treasury should maintain a buffer of $500.000 equivalent, with all surplus rewards distributed YFI staked in the governance pool. Specification 100% of the rewards collected by the system are directed to the multi-sign treasury. Treasury should maintain a buffer of 500,000 USD equivalent, with further rewards distributed to YFI staked in the governance pool. In the July 17 article, Andre Cronje wrote that just because we feel we didn’t stress it enough, 0 value. Don’t buy it. Earn it. In my opinion, this phrase discouraged some people to trade this coin. I think that to a large extent, this is said for the regulator so that they do not touch the project developers. medium.com Best regards EXCAVO
by EXCAVO
13