Yearn.Finance YFI price will try to start growing"Hard limited" coin YFI (Max Supply only 36666 YFI) made a lot of noise in 2020-2021.
The maximum price of YFIUSDT in May 2021 reached $90-95 thousand on various crypto exchanges, which is +/-50% more than BTC cost then.
Then a series of conflicts between the community and the project's creator, which make no sense to describe here, as everything is on the Internet, led to the project's decline.
Now we see two possible scenarios for the growth of the YFIUSD price :
White is the growth to the $13000 area, the inability to break through the trend at the first time, and the continuation of prolonged consolidation for months.
Blue - breakout, and consolidation above the red trend line and continued upward movement in the spring of 2023.
The long-term target for both scenarios is growth in the region of $25000-28000 per Yearn.Finance
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more
Yearnfinanceusdt
yearn.finance (YFI) Buy Zoneyearn.finance (YFI) Buy Zone
--------------------
BIAS
Mid-Term : Bullish
Risk : Medium
After retesting our mid-term $19,000 support zone, yearn.finance is showing short-term strength.
--------------------
$YFI/USDT LONG SETUP
Leverage : x3 - x5
Entry Price : 19300 - 18600
TP 1 : 19600
TP 2 : 19750
TP 3 : 20000
TP 4 : 20250
TP 5 : 20650
TP 6 : 21000
TP 7 : 21600
TP 8 : 22300
Stop Loss : 17800
*Maximum 3% of Portfolio.
*Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry.
--------------------
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
YFI 1D Careful with long, active sales started, drawing PinbarWe missed something about YFI and haven't analyzed it for a long time, but in vain)
YFIUSDT price came to life and soundly updated the maximum, new ATH $95,000
After yesterday's strong growth, today at the daily candlestick, the price of YFIUSD begins to draw a pinbar. And if today the value of the token of the Yearn.finance project closes in the range of $80-85K, then a Pin bar will finally form, which in turn will be perceived by traders as a strong reversal signal.
The consequences of a reversal after such growth are difficult to assess, however, we note that the strong liquid zone where YFIUSDT longs were accumulated is $30-44 thousand. If we take a little narrower, then the range of $34,000-37,500 can be considered a tasty zone for investment long term.
_______________________________
Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)
YFI (Yearn.finance) Token Analysis 15/03/2021Fundamentals:
Yearn.finance is an aggregator service for decentralized finance (DeFi) investors, using automation to allow them to maximize profits from yield farming.
Its goal is to simplify the ever-expanding DeFi space for investors who are not technically minded or who wish to interact in a less committal manner than serious traders.
Launched in February 2020, the service, formerly known as iEarn, has seen huge growth in recent months as new products debuted and developers released in-house token YFI.
Yearn.finance set out to simplify DeFi investment and activities such as yield farming for the broader investor sector.
The platform makes use of various bespoke tools to act as an aggregator for DeFi protocols such as Curve, Compound and Aave, bringing those who stake cryptocurrency the highest possible yield.
New features continue to be rolled out, these aiming, among other things, to help preserve the long-term value of the platform.
Yearn.finance makes a profit by charging withdrawal fees, currently 0.5% at the end of September 2020, as well as 5% gas subsidization fees. Due to its governance model, these can technically be changed by consensus at any time.
The target market for yearn.finance is investors who do not have the time to study the increasingly complex DeFi phenomenon from scratch, or who wish to optimize their returns.
Yearn.finance is the brainchild of Andre Cronje. After leaving the iEarn project in February 2020, Cronje returned to oversee a rebirth, with new tools emerging and YFI going live in July.
Since then, its fortunes have turned around, with assets under total value locked coming in at just over $1 billion as of the end of September 2020.
Cronje has a long career in cryptocurrency and has become synonymous with DeFi in particular. He also has positions at smart contract ecosystem Fantom and CryptoBriefing, a resource dedicated to initial coin offerings (ICOs) and crypto media.
Technical Analysis:
as you can see the price is Rallying in a PitchFan and there exist a Hidden Bullish Divergence between the Price and MACD Histogram which is the sign of trend continuation.
there are total of 2 Targets specified by the Fibonacci projection of the initial wave and their confluences with the PitchFan levels.
YFIUSDTHello to you all. Mars Signals team wishes you high profits at all times.
YFI is in a bullish triangle but as it goes out of the triangle, it can experience higher prices provided it can go past the resistances on its way.
The other possibility would be that it will start ranging inside this triangle and then resume its uptrend.
If the price goes out of the triangle it can touch higher prices which can be counted as a buy signal.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
The Triangle patternThe Triangle pattern is forming in wave 4 from the first ascending wave of point 3
As you can see in the image, the uptrend is completing in the first ascending wave from point 3, currently, the price is in wave iv of this wave. The triangle pattern is formed and by crossing the price from the range of $ 34,985 we can get the confirmation for the uptrend, and we can go for the first target of $ 54,700.