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Yearnfinance

YFIIUSDT (YFII) - DOUBLE BOTTOM REVERSAL PATTERN ANALYSIS 🔎 - YFIIUSDT is printing the double bottom pattern. - This is a bullish reversal pattern. - RSI is printing a bullish divergence signal. - The right bottom is supported by an ascending trendline support. - Price is approaching the double bottom neckline resistance. BUY ENTRY ⬆️ - Breakout above the double bottom neckline resistance. TARGET 🎯 - Horizontal resistance level 1 (R1). SETUP INVALIDATION ❌ - Breakdown below the ascending trendline support.
YLong
by Chibuike_Odoh
2
Yearn.finance (YFI) Consolidates Further, Still Bullish!Since my chart on 9-Jan., shared below, YFIBTC (Yearn.finance) continues with its bullish consolidation. Previous chart: We can see the bullish bias on this chart as prices continue higher now challenging the EMA50 magenta line. We could see two scenarios mainly develop here: 1) We could see prices moving straight up if EMA50 is easily taken out. 2) On a second note, we might get a retrace at EMA50 follow by higher prices. This is the bullish perspective we are looking at. Any trading within the purple trendlines and the bulls have the upper hand. If prices break and close below the last low, we can expect to see lower prices. Thanks for reading. Namaste.
Long
by AlanSantana
3
YFI-4h. Buyers have a chance to test $ 43,000.A few steps were not enough for YFI buyers to test the historical high. After a grueling price consolidation at $30,000 , buyers were able to set a new local high of $39,930. Of course, this is good news. However, after 50 days of consolidation , buyers managed to grow by only 50% . If you look at the dynamics of YFI price growth from November 5 to 19, it becomes clear that buyers do not have enough strength for a new aggressive wave of growth. The YFI price has tested the upper trend line of the wedge , in which the price has been trading since the beginning of November. Buyers are now trying to consolidate above the previous strong level of $30,000. If buyers fail to break the $43,000 mark , the probability of a reversal of the growth trend and the test of the $20,800-22,000 range will increase significantly. The global level that YFI holds remains unchanged at $18,000 . Continuing the downward wave in the BTC market to the $26,000 mark will help YFI sellers test this mark. The situation is tense. You need to be extremely careful: __________________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
4
Pay Attention! The US Dollar is at a very important price point!Happy start to 2021 Friends! I hope this chart finds you having a blessed start to the year. I'm sure we have all heard the expression, old resistance turns into new support. Well this has indeed particularly been the case in the dollar, and the visual of it becomes distinct when we overlay the dollar on a monthly TF with our Fibonacci levels. This analysis took a great deal of research to put together so please be sure to like & comment if you found this content resourceful! We see a few things here observed within the chart: • We are at a massive make or break point on where the dollar is headed • We have arrived at a long time support/resistance level on a high TF • The ema trend is clearly bearish • Bear flags forming again on the daily TF • Commodities and equities and crypto are all continuing to rise in value relative to the devalued US Dollar • US Dollar was moving in a rising channel however all the stimulus has resulted in it knocking back to 2018 lows/ 2009-2010 highs. The theory of a 'deflationary' environment I think at this point is totally out of the question. I personally imagine the dollar to continue to erode away after a small bounce here on long term support, until we finally see the Fed raise rates. Until rates are raised I imagine this will continue to drop. I have read and am well aware of the fact that "QE did not create inflation", and I can certainly agree QE did not create hyper-inflation like all the Austrian economist were preaching - however inflation is certainly occurring and I think the best place to get the most real gauge on inflation is to see the yield on stable coins - coins pegged to the USD - especially credible ones like USD Coin backed by Visa. If you think, "well that is fringy Zen" - then you have your head in the sand because as of this week "US Banks can now Run Nodes for Stablecoins" - this essentially enables financial providers to use a better, safer, faster product then the legacy ACH /SWIFT process of yesterdays. Citation of this available below. So why does this matter to you as an individual? The biggest and most shocking reason in my opinion is the yield on these stable coins and if I shop around and look on different platforms with different cryptobrokers like Coinbase, Binance we see some modest yield, but some DeFi platforms like Yearn.finance & Zerion what we see the market rewarding dollar 'hodler's' with is shocking: • USD Coin: 6-13.31% • DAI 14.6-18% • USDT 7.6-11.03% (Yes the infamous tether has LOWER yield then the Visa backed play) • TUSD 3.6% • WBTC 0.0653% I am NOT recommending you do anything at all or invest in any of these things, I think the dollar is going to find temporary support and then sell off very slowly over potentially years until the Fed raises rates. I anticipate rates will be raised to combat inflation in 4 years. My point in bringing this up is the new indicator we have available for gauging inflation by looking at the yield of the USD itself. The implications as far as I can see, especially with the added institutional adoption is that the USD is currently experiencing very real inflation that is much higher than the 2% target we are hearing about in FOMC meetings. I believe the yield provided holding these stable US Dollar Coins is a great new indicator for the actual inflation the dollar is facing. I am not recommending buying them or anything, but rather want to clarify that there importance is in utilization as a new indicator. I likewise believe we need to pay heed to the amount of risk at play when we look at fixed income yield relative to yield in holding a product in parity with the USD. Within my bond portfolio, was taking on risk in American Airlines for a 8% yield, and Delta yielding 7%, FedEx 2%! The amount of risk in those bonds is far higher then the USD itself. I feel like these new products will be very disruptive to traditional finance. For those wondering, and I made the comments in earlier ideas below, but I closed the entire bond portfolio and moved it into ETH throughout the month of October-November. Dare I say it, at the start of 2020 in need of some liquidity I was in a 3M CD offering a rate of 0.2% (this was to help with the inflation bite). Keep in mind this new USDC is compatible with Bank Wires and ACH already. I feel like the infrastructure of this all was built so swiftly and quietly it crept up on us all fast. This brings up an important concept when looking into the fine print of the Visa/Circle backed digital dollar: "Each digital dollar is backed by cash and short-term US government treasury bonds, not fractional reserve commercial bank money. Reserves are governed by the Centre Consortium" - fascinating right?! "Not fractional reserve commercial bank money." I think this is how we need to realize they are offering this much yield. The structure of the greenback, the engineering itself of it is undergoing an evolution that is clearly spelled out here right off the VISA backed Circle website. I will offer a citation below. There website goes on to say: "Digital dollars like USDC work like other digital content — they move at the speed of the internet, can be exchanged in the same way we share content, and are cheaper and more secure than existing payment systems. We use cloud infrastructure and blockchain networks to scale dollar storage and movement." Please like, share, comment and follow along on TradingView. Please be sure to tell me why I may be wrong friend! If you disagree please kindly let me know what I might not know about and should add to the analysis! I'd love to know how you are strategizing in this environment? Running into gold & silver? Longing energy? Do you think Bitcoin is the destination? Love the TradingView community, and it aids us all when you share your expertise and likes guys! Good fortunes to you dear trader! If you have your own charts on the dollar please share them with me & our amazing community so we can learn together! ___________________________________________ Citation: www.marketwatch.com Again not recommending this to anyone, and this is for businesses not customers even and I am only adding this as a citation for my comment not to market or anything for VISA, it is simply for credibility for the research submitted here: www.circle.com
TVC:DXY
by ZenMode
7
Yearn.finance (YFI) vs DFI.Money (YFII) | Chart AnalysisThe last time we looked at YFIBTC and YFIIBTC both pairs/charts were moving together... Basically the same but this is not the case anymore. While DFI.Money (YFIIBTC) went on to print a lower low and is yet to cross above EMA10, YFIBTC is in a better position as you will see next. (You can find the full YFIIBTC chart on the related trade ideas below). Yearn.finance chart analysis by Alan Masters Here we have a clear higher low when we compared 5-Nov. with 3-Jan. Price is already trading above EMA10 and aiming to close above EMA21 today. The trading volume has been green for the past 3 days. Bullish cross on the MACD is young but clear and the RSI above 50 gives everything away. The bulls are now in control of this chart, the green arrow signaling higher prices is what we expect next... WAIT! Remember, things can always change. So make sure to do your own research, use a stop-loss or build a plan/strategy before you trade. This is Alan Masters. Thanks a lot for your support. Namaste.
Long
by AlanSantana
2
Daily analysis on YFIUSDT - Projected target - 2nd postMy speculation as to the price of Yearn Finance for the next moments, based on the daily movement. The Yearn Finance price has broken through a region of major resistance. The price is in a bullish channel. He broke through a region of important resistance, being able to search for the projected target, near the maximum top. After the maximum top is broken, the price may move towards the first point. In my view, crypto has the potential to pursue such a price. disclaimer *** This is not a recommendation to purchase and/or sale. It is for educational purposes only ***
Long
by luizhcruz