waiting for yearn finance to blow the roof off with yfi token
only 36,666 tokens available
very good R:R from the lows
when defi takes off again this will burst out atmosphere
veyfi coming soon to stake yfi and earn rewards on,
can stake yfi at the moment for curve rewards
All asset classes are valued by supply and demand. Here's a rare crypto max supply & current supply comparison list with the tickerTracker MFI Oscillator set to 20 on the 1 day chart:
YFI 36,666 (36,638 current supply)
MKR 1,005,577 (977,631 current supply)
QNT 14,612,493 (12,072,738 current supply)
AAVE 16,000,000 (14,093,193 current supply)
BTC, BCH 21,000,000...
these r the ALT projects I dont have a problem with scooping small bags. This has been beaten to the ground and B, YFI when she goes she fly's There is no resistance until 10k, and really no serious resistance until we reach 17k-20k
YFI is the OG token that was mined for free pre release curtesy of Andre C. the guy behind Fantom accusation among other DeFi...
YFI has both broken out of its falling wedge, and formed an Adam & Eve reversal pattern at the end of that breakout, neckline already has a breakout.
Before heading to targets for either (targets on the chart):
- I'm expecting it to push just above the 200 day EMA, potentially near the halfway point to its falling wedge TP 1, or around 8800-9k
It will likely...
Daily 50MA has been overcome
Can be seen as a support double bottom along 4.236 fib circle
Last time on the first bottom the 50MA was overcome a nice bull pop was seen
Will we see something comparable or more this time?
YFI has a bull flag in the works with an inverted head and shoulders on the RSI.. I look for YFI to start to show some strength and make a move upwards towards $17,000
stay safe and remember, this is not trading advice
YFIUSD (4H Timeframe)
A High probability, entry signal to go SHORT will be given with the downward break of 7745 after the market found resistance at 7945. Only the upward break of 7945 would cancel the bearish scenario.
Stop loss: 7945
Take profit 1: 7420
Take profit 2: 7200
Strategy: Bearish Wave LTF
I would look to buy from 8k ish down to 7 or 6k lowest and that will happen quickly (bounce) in that range. all in all yfi doesnt look to drop much lower then that and under 10 to 9k is really a long play win here. Other DeFi "BLUECHIP Projects" I like (chart and project wise) wise rite now is CRV n maybe some AAVE. OP is about there as well. Matic needs to drop...
HELLO GUYS THIS MY IDEA 💡ABOUT YFI is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the Seller from this area will be defend this SHORT position..
and when the price come back to this area, strong SELLER will be push down the market again..
DOWNTREND + Support from the past + Strong volume area is my mainly reason for...
YFIUSD (Daily Timeframe)
Waiting for the downward break of 8230 support level which will complete a bearish trend reversal pattern to go SHORT. Only the upward break of 10470 would cancel the bearish scenario.
Stop loss: 10470
Take profit 1: 6810
Take profit 2: 4550
Strategy: Bearish reversal
Cup and handle for YFI, price is now in a small falling wedge (handle to the cup) that has normal and hidden bullish divergence. Volume is declining quite a bit with this falling wedge. Stochastic RSI oversold on the daily, 4hr just about oversold, 1hr oversold and 15min.
The very important points that the price is dealing with are based on the level of support and resistance that happened in the past and now, this is a pullback.
And according to the very clear conditions of the chart, it is up to you to decide
This financial product is incredibly risky, and there are not many tokens of it in the market. User count and market cap is very very low compared to other recommendations – meaning this is a Hail Mary play. Not something to invest in, or bet the farm on.
I opened a long this past weekend, and added today. We can see these tokens in the past have been to the...
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...
wow these alts got smashed so bad every position is down like 70 to 90 percent. holy bananas thats not but somehow everything I expected lol
yfi profits at 12300s and 1650-18500 ish range or rite b4 these levels