The current situation:
1. On the 12HR chart, price action has formed an inverse head and shoulders with a measured target of 33K USD. Currently, it is at about 30.3K and price action has formed an ascending triangle with a measured target of almost 33K as well. The 0.5 Fib level is currently seen as resistance as there is no other major moving averages above the...
Liking YFII for a mid to longer term play.
Sources suggest strong institutional involvement gearing up.
Technicals above showing bullish momentum off support in the low 20k region.
Directional indicator is a great way to time entry exits on this play.
What is yearn.finance?
yearn.finance is a decentralized ecosystem of aggregators that utilize lending...
Yearn.finance refreshes support at $20,000 but rebounds towards $22,000.
On-chain data predicts increased selling pressure towards $25,000.
Yearn.finance saw the rebound predicted at the beginning of the week invalidated after failing to close above the 50 Simple Moving Average (SMA) in the 4-hour range. The rebound came into the picture following the...
Yearn.finance freefalls to $21,455 after support at $28,000 failed to hold.
YFI turns bullish bringing into the picture the impact of a double-bottom pattern.
Yearn.finance is bleeding, just like many other cryptocurrencies in the market on Tuesday. A bearish wave on Monday swept across the market, further increasing the sell signals that have continued to...
divergence is playing out ...
don't really like head and shoulders going up ,but the measured move looks to be the right length
i can see this going down some more
I finally looked into this defi craze to see what the heck is so special.
So apparently some fatbody neckbeards came up with a scam.
And would you believe it, stupid poor people are pouring their money into it.
This is how it works:
Smart contracts on ETH are enabling "decentralized" exchanges to airdrop new coins to people that loan the exchange real coins.
So...
on the right we have the 15 min with thren lines ,we break out could see the top of the top left 1 day time frame trend line .(55k)
bottom right still showing a divergence so id be careful
Tread lightly my friends.... Despite Coinbase listing Tuesday... this Ponzi scheme is going down currently.
Deeper dump targets and stronger support at 27-28K then 22-23K then 17K.
Good luck traders.
YI or Yearn.finance has recently run up to knew highs. After yesterdays run, as expected there was a pull back.
Setting both higher highs and lower lows. YI is showing both Technical Indicators along with Financial Analysis
continue positive with more money locked in yearn's DeFi protocol shows we should see a continued up trend in
the near future. Further...
