yAxis Seems to be Very Good for Investment 22/02/2021What is yAxis?
yAxis markets itself as a meta yield farming aggregator that is able to switch the underlying assets when deploying strategies. Yield farming strategies are governed by a DAO, where token holders vote regularly to implement the best strategy out of a selection of strategies provided by multiple yield aggregators.
yAxis price today is $33.70 with a 24-hour trading volume of $3,473,514. YAX price is up 0.2% in the last 24 hours. It has a circulating supply of 800 Thousand YAX coins and a max supply of 938 Thousand. Uniswap (v2) is the current most active market trading it.
What are YAX tokens?
The YAX token is yAxis’s native governance token. As the platform is developed further, YAX tokens will be used to shape the direction of its future.
Among the proposals that the DAO may choose to execute is to alter the emission of YAX or to reward early users of the protocol. Governance may also vote for the protocol’s fees to be distributed to YAX holders.
10% of YAX tokens is saved into a community treasury which could be deployed via a governance vote.
How does yAxis work?
The goal of yAxis is to create a meta yield aggregator which can obtain the best yield by taking advantage of other existing yield aggregating platforms such as yearn.finance or Pickle Finance. In other words, it operates above these platforms and can switch between platforms that offer better yields.
Currently, the product can be divided into MetaVault and governance.
Multi-Asset MetaVault
The multi-asset MetaVault allows users to deposit different types of stablecoins such as USDC or DAI. Users who deposit stablecoins will receive MetaVault tokens (MLVT) to represent their share of the vault. MLVT tokens will accrue value as the deposited funds are deployed to the best yield-aggregating strategy. Depositors will get to save on gas fees as the fees are distributed to all depositors.
Whenever there is a better strategy available, MetaVault will convert the underlying deposits into the appropriate asset to begin yield-farming using the more profitable strategy. Users can choose to withdraw their funds anytime by returning their MLVT tokens for any stablecoin of their choice and interest.
yaxis metavault page
Governance
Strategies are decided by the community by staking YAX tokens on the governance platform. YAX holders can choose from a preselected list of yield farming aggregators, and stake their tokens in the contract which they believe will provide the best return.
Strategy risk, fees, and the overall DeFi market sentiment will be displayed on the governance user interface. In return for voting, the community will reward voters with a share of the MetaVault’s performance fee.
How do I get YAX tokens?
You can obtain YAX by purchasing them from cryptocurrency exchanges such as Uniswap or Bilaxy.
Besides that, you can also earn YAX through the staking section on the yAxis platform. Users can stake their existing YAX to earn a share of farming rewards which are sold to YAX and redistributed back to stakers.
Users may also provide liquidity for the YAX-ETH pair on Uniswap and stake the liquidity provider tokens to earn YAX in the LP section. To know more about this and other yield farming programs, you may head over to our Yield Farming page.
there are total of 3TPs i have mentioned where easily we can achieve them. i have mentioned these levels for those who did not invest on time so you can understand where to jump in the market in case you where interested
Yearnfinance
$YFI/USDT 3h (Binance Futures) Bull flag on supportYearn Finance broke-out bullish last week then pulled back to 200MA / desc TL forming a continuation pattern, let's enter here!
Current Price= 28229
Buy Entry= 28163 - 26849
Take Profit= 32410 | 36128 | 40968
Stop Loss= 24697
Risk/Reward= 1:1.75 | 1:3.07 | 1:4.79
Expected Profit= +35.66% | +62.70% | +97.88%
Possible Loss= -20.22%
Fib. Retracement= 0.5 | 0.786 | 1.117
Margin Leverage= 2x
Estimated Gain-time= 2 weeks
Website: yearn.finance
Contracts:
#ERC20 0x0bc529c00c6401aef6d220be8c6ea1667f6ad93e
#BEP20 0x88f1a5ae2a3bf98aeaf342d26b30a79438c9142e
#HECO 0xb4f019beac758abbee2f906033aaa2f0f6dacb35
#AVAXC 0x9eAaC1B23d935365bD7b542Fe22cEEe2922f52dc
#xDai 0xbf65bfcb5da067446CeE6A706ba3Fe2fB1a9fdFd
#Fantom 0x29b0Da86e484E1C0029B56e817912d778aC0EC69
YFIUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the 4-hour time frame. As you can see the price is inside a bearish channel which can be considered a flag pattern. If it goes out of this channel from any side, it will move in that direction. There is the resistance line R1 which the price has hit two times and could not stabilize above it. There is also the support line S1 which the price has hit several times and was supported. The price can break any of these two lines. We also have the R2 and S2 lines which are strong areas of resistance and support which the price can show a reaction after hitting them.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
yearn.finance (YFI) - December 25Hello?
Welcome, traders.
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a nice day.
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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 formed in the 23950.8121-30217.9789 section, it is expected to continue the upward trend.
If it declines from the 18875.5263 point, it is likely to enter the mid- to long-term investment zone, so you need to trade cautiously.
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(YFIBTC 1W chart)
The price should hold above the 0.5734 point to turn into an uptrend.
If it declines from the 0.5734 point, it is likely to enter the mid- to long-term investment zone, so you need to trade cautiously.
A move above the 0.9782 point is expected to accelerate the uptrend.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether the price trend is in an upward trend or a downward trend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to be able to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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YFI/USDT ChartBefore I start to talk about YFI I would be grateful if you could like, follow and comment. I am starting to post more often so it would mean a lot.
YFI had two descending triangles in the past weeks that broke the resistance and had a run. After yesterdays bearish divergence on the 4H chart we can expect a small correction to 34K, and then continue the bullish bias toward the coin. In the daily chart the coin doesn't have any recent bearish divergence, so I don't excepect any drop on the mid term. However a major market crash can happen if the bitcoin price movement turns out to be a bull trap. No reason to be worried about that for now. Comment your thoughts about the idea.
Yearn.finance Downtrend 100% Broken, Bullish Jump!YFIBTC (Yearn.finance) made a huge comeback making it 100% clear that the downtrend is no more, the bulls are in control now.
We had the biggest correction since May, only red/lower, but finally this is over.
With prices moving above EMA100 and even MA200, we can expect a bullish wave next.
We also had a lower low compared to March 2021 and November 2020, so there won't be anymore stop-loss hunt.
We will be asking a different question now...
How far up can it go?
Namaste.
YFI is so underrated 🔥 💥Hi everyone 👋🏽
🕊 Wish y'all have a profitable lifestyle 🍀
📌 YFI /USDT - Daily Chart - Heiken-ashi
📌 PRICE ACTION - Fibbo channel - Double bottom - Triple bottom
📍 YFI looks it might have a breakout from this zone.
📍 Yearn Finance is one of the most underrated projects available in the market and I think YFI is not respected enough
✍🏼 In the chart I see a triple bottom forming in daily time-frame which can be a very bullish signal.
✍🏼 The descending trend line is above the price and looking very powerful but once price manages to break it we may see a pump in the future
⚠️ I wait till the price touches the descending trend
🧐 What are your thoughts about YFI and Yearn Finance project?
THIS IS NOT A FINANCIAL ADVICE
Good Luck
NP Trader
MY MINIMALIST CHART ANALYSIS FOR YEARN FINANCE$YFI
11.16.21
2353H +8 PACIFIC
ALERT: ENTRY POINTS
The Market has amazingly moved along the TOPS and BOTTOMS of our BOXES, signifying TURNING POINTS of PRICE ACTION.
JUST DYOR ENTRIES. Watch for Price action/ RSI and STOCH, VOLUME, and FIBS. Set your tight stop loss as any geopolitical, natural/man-made calamities will change the course for our TARGET AREAS OF VALUES.
REMINDER:
INDICATED ARE ENTRIES, PARTIAL EXITS/TOP-UPS, EXITS, and MAXIMIZED AREAS OF VALUE
"FOLLOW THE WHITE RABBIT!"
Just Follow the TOPS and BOTTOMS of the BOXES as a GUIDE where the MARKET will take you.
HOW TO USE THIS MINIMALIST CHART
Created on a MONTHLY, WEEKLY & DAILY Analysis (The Dynamics of the Market.)
It is designed for SWING TRADES at the BOTTOM. I do not SHORT, though, you can still use it.
You can CLICK AND hold THE CHART and PAN or DRAG IT.
TARGET ZONE IDENTIFICATION
The LARGE BOXES (Tops and Bottoms) are MAJOR pivot points that will occur sometime in the future. While the SMALL BOXES (Tops and Bottoms) are MINOR pivot points.
These can be entries to a BUY/ SELL POSITION, EXIT/PARTIAL EXIT/TOP-UP AREAS,
and, if you wish to hold longer for a MAXIMUM TARGET EXIT AREA OF VALUE - CONSERVATIVE (If price action conditions are right at that given moment.)
At times I include WAY BEYOND PARABOLIC Price TARGETS depending on The Character of the Market (CRYPTOS ONLY).
Watch out for your Volume, Chart Patterns, Candlestick Math, FIB COILS ( ABC ), Price Action, FIB LEVELS, Market Dynamics, especially institutional and retailer trading psychology.
Wishing you all The Best Trades and Thank you all for your Appreciation and Support of My Work.
Much thanks to My 3 Mentors. They are so much of a Blessing that I also wish to Share.
Vive Le Autist!
Vive Le Egalitarianism!
🆓yearn.finance (YFI) Nov-9 #YFI $YFIYFI has conquered the $34000 zone and it can continue to advance towards the $42000, $52000 and $64000 zones in the near term. But if it loses the $34000 zone again, we can continue accumulating it at the $30000 zone
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 34000$ zone
🔴Buy : 34000
🔴Sell : 42000 - 52000 - 64000
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 34000$ zone
🔵Sell : 34000
🔵Buy : 30000
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
CRYPTO - YFI - Inverse Head and Shoulders pattern. Get longCRYPTO - YFI - Yearn Finance. Inverse Head and Shoulders pattern. This is a reliable reversal pattern people. The right shoulder is almost complete. There may be a little more downside that could almost create a triple bottom but I think the strength in the RSI is indicator that now is the time to get long.
Volume - Not much doing which makes me sad. Would like to see bigger green candles on the ups.
RSI - Was 40 on the head and it 47 on the right shoulder. Selling is getting weaker which points to a move sooner rather than later.
STO RSI - Fast Stochastic RSI is 37. I would it expect it to be closer to 20 on the turn which means you may be able to get it a tiny bit cheaper. Round the 40K mark but not worth the risk of missing.
Target 1 = 36900.,
Stop loss = 33,100.
Yearn.Finance (YFI) All Gains Removed | What Now?Remember March 2021?
After March's low YFIBTC went on to grow by 200%+.
A new low has been hit recently which means that all the gains from the previous bullish wave have been completely removed.
All stop-loss triggered, this can turn into good news.
After a bullish wave, what follows is a bearish wave (March to April = bullish. April to now = bearish).
After a bearish wave, what follows is a bullish wave.
We are getting closer to the next bullish wave. Be prepared.
The RSI hit oversold/weak recently and is now starting to turn.
Yearn.finance (YFIBTC) is likely to move higher.
Remember to have a plan before you start trading.
Additional details on the chart.
Remember to LIKE and FOLLOW.
Namaste.
Let's see if YFI breaks out hereFalling wedge, break out and 40k is min target. Get beyond 40k, we could head towards 50. Fail to break out and we could head towards a new low in the low 20s. We stopped 3 times in the same area, with a slightly higher low each time. Chances seem good here.
Yearn has been correcting and consolidating for over a year now. If it's going to move again, it may be one of our first movers in this next push.
$YFIUSDT - DivergenceHello everyone!
There is a divergence on YFIUSDT!
While the Relative Strength and the Volume is going down, the price is going upwards.
The explanation to this is that all crypto are following Bitcoin but at some point buyers would start accumulating their profits, hence we are looking to short it.