YFI - Careful At the Bottom.
Updated
Yearn Finance, the company behind YFI , had a pretty big hack just the other day. 15M stolen from an unreleased project, Eminence, with 8M of it inexplicably being returned to the developer account of Yearn Finances Andre Cronje.
Just a little suspicious.
Anyway, YFI is now bouncing around at it's previously tested support area for the 3rd time since the beginning of September. Right at the bottom of the historic upward channel.
Are we going to see a break down? If we do how big will it be?
Either way you cut it, this many retests isn't good. And I wouldn't consider the external signs to be too good.
Hope you got out on the first bounce!
I would advise caution if you're looking to get in now. The external factors combined with the chart makes me rather nervous we might see a pop of YFI's bubble.
Just a little suspicious.
Anyway, YFI is now bouncing around at it's previously tested support area for the 3rd time since the beginning of September. Right at the bottom of the historic upward channel.
Are we going to see a break down? If we do how big will it be?
Either way you cut it, this many retests isn't good. And I wouldn't consider the external signs to be too good.
Hope you got out on the first bounce!
I would advise caution if you're looking to get in now. The external factors combined with the chart makes me rather nervous we might see a pop of YFI's bubble.
Comment
Bounce appears pretty strong, but still get in at your own risk.Comment
at your own risk meaning get rekt. Ships a sinking. Rats, yall know the drill.
Come hang out with me on telegram, it's free and I won't be too mean too mean to you:
t.me/KadnimCrypto
t.me/KadnimCrypto
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.