We had the weekly OB+ at 0.000790 sustaining a bullish narrative.
We have another bullish OB+ Created hence at this bullish OB+ is ideal.
The week has just started hence there is a lot more than can happen.
I love double bottoms and tops when they succeed, because they often give us more than the typical 1.5x measured targets after succeeding, 2x or even more.
Harvest Finance (FARM) may be about to print a double-bottom reversal. OBV has been trending up during the entire move down as well.
Targets with weekly resistances and support on the chart.
FARM/BTC may be forming an adam/eve reversal pattern. It has a long way to go before confirming that and could head down further before turning up. OBV has been rising throughout its downtrend, and RSI has done the same - recently making a new low above 30, which is another indication of a possible reversal.
Quick 3 daily chart on FARM/BTC pairing:
- RSI and OBV have been moving up as Harvest Finance moves down vs. Bitcoin.
- Pattern confirmation would be a close and hold above the yellow neckline
Weekly chart here shows a possible double bottom on Harvest Finance's BTC pairing.
It's good that we've already gotten above the 50/200 daily EMAs, but we've yet to see a golden cross.
That's what I'm waiting to see here before confidently suggesting we might be in a double bottom reversal, and then obviously confirmation by breaking above previous weekly...
Harvest Finance (FARM) comparing to other lending protocols ,staking and yield farming,
looks more bullish on smaller time frames
About Harvest Finance
FARM is an Ethereum token that powers Harvest Finance, a yield optimizer that moves funds around the decentralized finance (DeFi) ecosystem in an effort to generate yields.
FARM can be used for staking and...
FARM is still in the negative on its all-time chart. It has been making significant strides after a relatively quiet first year or so. Added to Coinbase, Binance, staking added, staking added via Coinbase wallet, etc. These things occuring after breaching its falling wedge on the daily and touching the bottom of its last major pivot area.
May double bottom...
