Buy Zone: $18,224.66 - $18,500
Sell Zone: $19,200+
Stop Loss: $18,000
YFI continues to trend downhill overall in bearish momentum. Zoom out on the charts and take a look at YFI's more stable up and down wave patterns- this is what we hope to take advantage of.
As of 11 April, we have been trending upwards in the short-term, however, that can change quickly, and...
this is a "governance" token, with a paralyzingly high per unit value ($20,000 and up)
the team has no regard for establishing traits to justify the YFI token to have any non-speculative value.
solutions may involve:
1. revenue payments to YFI holders
2. token split - to normalize per unit price in context of other altcoin crypto assets
3. compensation of...
According to Anton Nell’s tweet, he and Andre Cronje decided to leave the crypto industry. Starting from April 3, a total of 25 decentralized finance applications, including Yearn.Finance, Keep3r Network and Solidly, will be terminated. Affected by a sudden announcement, YFI and FTM tokens collapsed roughly 13%, while SOLID token dropped 60%. Last January, Cronje...
Based on my analysis of Yearn Finance's all-time wavemap, it is my belief that this cryptocurrency will be the first to break above $100K. Unlike the others the may attempt to follow, YFI looks as if it has great potential to reach AND MAINTAIN the ever elusive 100 K mark.
My buy limit is set and ready to go.
Where's your surfboard?
YFIUSD (4H Timeframe)
The market is in a downtrend and we are waiting for an entry signal to go SHORT below the 12275 support level. Only the upward break of 14810 would cancel the bearish scenario.
Stop loss: 14810
Take profit 1: 10795
Take profit 2: 8310
Strategy: Bearish breakout
Been making higher highs and higher lows.. lagging the rest of defi as the monthly narrative following the BTC correction to 40k has shifted to FTM, Spookyswap ($BOO), KP3R which outperformed most (see previous charts), and Andre Conje's new ve(3,3) model which he's implementing on SOLID? and KP3R this week.
Follow The Cronje.
If Conje is implementing ve(3,3) on...
Weekly chart to cut through the daily noise. Notes on the chart.
Other Key points:
✅ DeFi basing >1 yr, looks bottomed
✅ YFI best chart in sector - broke downtrend already and making HHs and HLs from bottom
✅ Deflationary tokenomics (recent change). "Ve" token narrative tailwinds - $45m/yr buybacks & lockups
✅ Room for mulitples on your money given only...
YFI huge squeeze off the bottom and currently consolidating the move. Showed huge relative strength in this crypto correction. DeFi seems to be receiving much of the current inflows of capital and YFI has the best chart in the sector. Buy the leader.
Recently, the platform implemented a new token model which includes buybacks and a step-up in rewards for token...
wanted to re buy at 32k but got skeeeerd as the market bleed. (also chickend out n started taking profits at 34 to 36k and not 38 to 40k as planned.) thought we might get to see a 28k to 30k scoop and still might at that unless defi can lead an alt and then eth charge. On the other side of that coin if market drops see how that 32 resistance plays out. SIDE NOTE...
The rarest cryptos based on circulating supply:
YFI = 36,638
MKR = 987,128
COMP = 6,286,914
QNT = 12,072,738
ZEC = 13,374,031
AAVE = 13,450,347
BTC = 18,910,075
BSV = 18,932,920
BCH = 18,936,550
LPT = 21,164,655
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn...
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(YFIUSD 1W Chart)
Above 18875.5263 point: expected to continue uptrend
Above 30217.9789 point: Expected to create a new wave.
If the price is maintained above the volume profile section being...