Get started

YFIUSD

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.
Long
by BitonGroup
4
Great buy opportunity in YFI🚀Hello guys As we can see price is moving in Ascending triangle from few days, we can expect a Breakout from Green Resistance box or maybe we can retrace to 0.61, 0.5 or 0.38 FIB level before we head to the Resistance. - Wait for the Candle closure above the Green Resistance box. - Put your Stop Loss below the breakout candle or green support area. - Take Profit: 1- $63000 (1.27 FIB level) 2- $69900 (1.61 FIB level) or Trail it with a Trailing SL. If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! . . . . . . . . . . . . . . And do follow me on Twitter for EXCLUSIVE Market updates: @mywealthstory Your Support is very much 🙏 appreciated! Happy Trading
Long
by mywealthstory
YEARN FINANCE - YFIUSD - Next big 1000% rally ?!YEARN FINANCE - YFIUSD We have a nice big base here and the wave count suggests a potential Leading Diagonal with a very shallow wave 2 which indicates lots of underlying strength here. Otherwise, we might be in a Flat correction meaning we'll see price go below 37600-ish soon. Personally I favor the bullish view because of how RSI has been always staying above 40 and sometimes even went overbought since that low in Novembre.
Long
by ElliottWaveBelgium
Yearn.finance perfect both vs USD and BTCYFI had an insane pump over the summer and it reached 1B marketcap from 0. That clearly was unsustainable and the aftereffects where clear. Everyone was hyped about YFI for a really long time but the chart looked weak. Anything that got added to the YFI ecosystem initially did well, except YFI. However now it is very clear that there is a breakout both in USD and BTC terms. On YFIUSDT the ATH has turned into support, while on YFIBTC we have an incredible floor. Looks like a gigantic Adam & Eve bottom + a mini inverse Head & Shoulders at the end, right after breaking the diagonal resistance. No idea how well can this do right now as most coins are up 20-30% over the last 2 days, but to me there is much more to it. Short term a pullback down to 48000 wouldn't be unreasonable
Long
by BitcoinMacro
YFIUSD D1: BEST Level to BUY/HOLD 130% gains(SL/TP)(NEW)Why get subbed to me on Tradingview? -TOP author on TradingView -15+ years experience in markets -Professional chart break downs -Supply/Demand Zones -TD9 counts / combo review -Key S/R levels -No junk on my charts -No MACD / RSI /MA/FIBONACCI -Frequent updates -Covering FX/crypto/US stocks -24/7 uptime so constant updates -no moonboy/crazy targets -TA that makes sense and -setups that payout YFIUSD D1: BEST Level to BUY/HOLD 130% gains(SL/TP)(NEW) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. 🔸 Summary and potential trade setup ::: YFIUSD D1 chart review ::: updated/revised outlook ::: buying low still makes sense ::: chart looks good /strong ::: some resistance overhead ::: expect pullback off flip zones ::: expecting short-term pullback ::: BULLS BUY any pullback/dips ::: TP bulls +130% gains ::: BULLS get ready to BUY after pullback ::: TP bulls is +130% gains later ::: expecting a run up until +100% ::: FINAL TP is 66000 BULLS ::: recommended strategy: BUY/HOLD after pullback ::: BUY LOW 28000/30000 BUY/HOLD ::: TP BULLS +130% gains ::: SWING TRADE: BUY/HOLD IT ::: bull run not over yet ::: good luck traders! ::: SHORT and get paid. period. 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment mid-term: BULLS ::: Sentiment short-term: BEARS/PULLBACK RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
COINBASE:YFIUSDLong
by ProjectSyndicate
5
YFI triangle breakout was expected will it reach 50000.00 ?YFIUSD YFI is an Etherium token that governs the yearn finance platform. And the current market cap was around 84 Million in Indian value. The price of the YFI will mostly correlate with Etherium classic,cardano and steller lumens. We have identified triangle pattern in YFI as the weekend traders will try to push the price lower towards lower side of the trend line where we can buy this coin this will give us a high risk reward ratio and the potential upside target would be 43700 which is current all time high.2021 high was 40000.00 and 50000.00 will act as strong topside resistance for the bull yfiusd
COINBASE:YFIUSDLong
by forexorbit
2
YFI / USD - Double-Top / Double-Bottom or ContinuationYFI has two possible directions here, either continuation within a bullish uptrend channel that takes us towards 60-61k, or completing its 2nd set of Head and Shoulders and forming a double-top, and creating a potential double bottom buying opportunity. Volume has been going down while price has increased, and RSI & MACD are showing a bearish divergence, yet RSI is reaching low enough already to consider another move up while MACD is also capable of going in either direction. Other the other hand, the BTC pairing is forming a wedge where it recently lost a support after 3 tests and a 4th break, (top horizontal yellow line) and it may head back up to re-test the bottom of that before heading down and testing the next support level (2nd line below): Let's see what happens from here :)
BINANCE:YFIUSD
by dudebruhwhoa
YFIUSDT H16: BEST Level to BUY/HOLD 100% gains(SL/TP)(NEW)Why get subbed to me on Tradingview? -TOP author on TradingView -15+ years experience in markets -Professional chart break downs -Supply/Demand Zones -TD9 counts / combo review -Key S/R levels -No junk on my charts -No MACD / RSI /MA/FIBONACCI -Frequent updates -Covering FX/crypto/US stocks -24/7 uptime so constant updates -no moonboy/crazy targets -TA that makes sense and -setups that payout YFIUSDT H16: BEST Level to BUY/HOLD 100% gains(SL/TP)(NEW) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. 🔸 Summary and potential trade setup ::: YFIUSDT 16hour chart review ::: updated/revised outlook ::: buying low still makes sense ::: chart looks good /strong ::: some resistance overhead ::: expect pullback off flip zones ::: expecting short-term pullback ::: BULLS BUY any pullback/dips ::: TP bulls +100% gains ::: BULLS get ready to BUY after pullback ::: TP bulls is +100% gains later ::: expecting a run up until +100% ::: FINAL TP is 38000 BULLS ::: recommended strategy: BUY/HOLD after pullback ::: BUY LOW 28000/21000 BUY/HOLD ::: TP BULLS +100% gains ::: SWING TRADE: BUY/HOLD IT ::: bull run not over yet ::: good luck traders! ::: SHORT and get paid. period. 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment mid-term: BULLS ::: Sentiment short-term: BEARS/PULLBACK RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
COINBASE:YFIUSDLong
by ProjectSyndicate
9
YFIUSDT (YEARN.FINANCE) - BUY ENTRY ANALYSIS 🔎 - YFIUSDT brokeout above the inverse head and shoulders neckline resistance and descending trendline resistance (DTR-1). - The market then retraced for the retest of the neckline resistance, descending trendline resistance (DTR-1), key fibonacci retracement zone and ascending trendline support (ATS). - The retracement was resisted by the descending trendline resistance (DTR-2). - Price brokeout above the descending trendline resistance (DTR-2). - This is a bullish signal. BUY ENTRY ⬆️ - Conservative entry : breakout above the previous swing high resistance (R1). - Aggressive entry : market price (now). TARGETS 🎯 - Horizontal resistance level (R2). - Fibonacci extension levels. SETUP INVALIDATION ❌ - Breakdown below the ascending trendline support (ATS) and previous swing low support level.
Long
by Chibuike_Odoh