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LEND + YFI + CRV | Levels for DeFi Yield Farming Tokens 🌾🚜🐄💬 Any cross-section of DeFi will look good due to yield farmer FOMO. However, some serious projects like LENDUSDT, YFIUSDT, CRVUSDT look especially good to us from both a TA and FA standpoint. Yield farmers can utilize LEND's AAVE platform to farm Curve's yCRV using YFI Vaults. Meanwhile, while Curve's current chart looks a bit like how do you say 💩, the underlying Curve technology is interesting, and thus at least some of those farming yields may want to be aware of support and resistance levels not only for LEND and YFI, but for Curve as well (even if only to maximize gains from yields). Hit that 👍 button to show support for the content! Help the community grow by giving us a follow 🐣 ----- LENDUSDT Support: S1: The S/R Flip range is where the most bullish of bulls will hope to find support. There is no rule that says LEND needs to consolidate more or test lower support before running. This DeFi gem is hot and could keep moving. S2: Sure S1 is nice, but for a healthy uptrend there is no better support for bulls than the S2 S/R and orderblock range. This range would offer just the right amount of consolidation and could even result in a move right off the trend line. S3: A quick wick down to the S/R and orderblock cluster if S2 doesn't hold also makes sense. We lose bullish market structure below this, so look for S3 to save us if things get shakey. YFIUSDT Support: S1: There is only one logical place to look for support for YFI, that is this orderblock cluster at the bottom of the consolidation range. Not like other support can't be found, but one doesn't want to see too much retracement after such a run. Resistance: R1: The S/R flip at the previous swing high is our first resistance point. R2: If the bulls can take R1, then the orderblock range at the previous high is our last point of resistance before YFI's price starts putting BTC to shame. CRVUSDT Support: S1: People are farming CRV and dumping it, striping VC Curve holders of their natural resource (value). That said, bears better hope the farmers can dump below the S1 orderblock range, because there is some solid support there and the more it is tested and holds, the more it looks like a potential bottom. Resistance: R1: Everyone is likely to take profits at the orderblock at the previous high, so watch for resistance here. R2: A break above R1 means an uptrend could be in the works, it would be wise to look for a pullback at the S/R flip range here and consolidation on R1. ----- Summary: People are rushing into LEND and YFI to farm coins like CRV. As long as that gambit is playing out, we should see the current trends continue. Given that, we want to look for entries in LEND and YFI at support and cautiously dump our CRV crops at resistance. That said, Curve has some potential as an FA play, so it may be worth watching for how it reacts at support and resistance before fully dismissing it. Resources: defiprime.com ✨ Drop a comment letting us know what you think of this down below! ✨
by AlphaBotSystem
8
YFI - DeFi world is crazyTotally madness, YFI token price is almost like BTC. Thanks to Yearn Finance and a lot of yield farmers token price is mooning. I thought it was overvalued at $4000 but I don't even know what to think now. Call me crazy but I think this bubble may continue to inflate while liquidity in Yearn Finance pools continue to grow. Hit the "LIKE" button and follow to support, thank you! Information is just for educational purposes, never financial advice. Always do your own research.
Long
by Bitduke
2
July 18 Market Update | Technical, Fundamental, NewsDescription: An analysis for the week ahead. Points of Interest: S&P $3,200 Balance; February Gap; Nasdaq Weakness, Russell and Dow Strength. Technical: Broad-market equity indices balanced higher last week, evidenced by the responsive, tight trading range. Recapping last week’s action, on Monday, the S&P 500 gapped higher, outside of a prior balance area, but failed to continue, rotating back into the prior week’s range. Tuesday’s session continued Monday’s selling activity, but reversed just short of the prior balance area low. After news that Moderna Inc’s (NASDAQ: MRNA) COVID-19 coronavirus vaccine produced antibodies, Wednesday’s session saw prices pushing higher, gapping beyond Tuesday’s range. Buyers attempted to burst through the resting liquidity at $3,230, but failed with prices later following the Nasdaq’s relative weakness lower to close the overnight gap. After some mixed economic data, Thursday's session was dominated by responsive activity, balancing out near Wednesday’s v-bottom low, with sellers lacking conviction the most via the minimal excess low. Alongside monthly options expiry, Friday’s session continued Thursday’s tone with the intraday trading range remaining tight and responsive. Looking beyond broad market indices, the innovation-driven, technology-based sectors are showing signs of relative weakness, while other sectors, such as industrials, energy, and financials are rotating higher off recent support. Overall, the market is in a 3-day balance that it’s likely to break, come next week. Positive news regarding a vaccine, earnings, and stimulus may help further squeeze shorts as we look to fill the gap above, left from late February. Scroll to bottom of document for non-profile charts. Key Events: Earnings; Existing-Home Sales; New-Home Sales; Initial Claims. tmsnrt.rs Fundamental: Airline industry demand projected to surpass 2019 levels in 2023. bit.ly AMEX:JETS Travel industry seeks government assistance, tax breaks to spur trips. reut.rs Rocket Companies expects profit to surge ahead of the U.S. IPO. reut.rs Canadian wholesale trade posts largest jump in 17 years. reut.rs Flight to suburbs boosts homebuilding as consumer sentiment fades. reut.rs Europe meets on Recovery and Resilience Facility agreement. bit.ly 60% or large firms with sales over $2 billion expect growth to accelerate. bit.ly The U.S. ended Hong Kong’s special status to punish China. bloom.bg Applications for new home purchases rose 54.1% from a year ago. bit.ly Options on the Micro E-Mini S&P 500 and Nasdaq-100 to arrive August, 31. bit.ly 84% of PPP loan recipients will exhaust funding by the first week of August. bit.ly 63% of small business owners say less than 75% of their revenue has returned. bit.ly $64 billion invested in North American startups, down 10% year-to-date. bit.ly Nasdaq optimism hits dangerous levels as tech becomes an attractive hedge. bit.ly $40-per-barrel not a sufficient clearing price for leveraged shale producers. bit.ly China bank lending hits record $1.72 trillion in first half after solid June. reut.rs Dominion Energy Inc (NYSE: D) to sell gas assets, cancel pipeline. bit.ly NYSE:D U.S. withdraws some underwriting requirements, a positive for payday lenders. bit.ly Increase in transactions suggests a rebound in Russia’s economy. bit.ly Acquisition of National General increases Allstate Corp’s (NYSE: ALL) leverage. bit.ly NYSE:ALL U.K. actions to buoy employment and businesses, mitigate prolonged shock. bit.ly Moderna Inc’s (NASDAQ: MRNA) vaccine elicited coronavirus antibodies. bloom.bg NASDAQ:MRNA Corporate credit quality improved in the week ending July 15. bit.ly U.S. and China tech cold war could cost the sector more than $3.5 trillion. bit.ly Canada is poaching tech talent from the U.S. via Express Entry program. bit.ly China shows economic recovery with 3.2% GDP growth in Q2. bit.ly U.S. manufacturing increased for the second month, by 5.4%. on.wsj.com The jobs market is poised to reverse May and June gains. bit.ly Charles Schwab Corporation (NYSE: SCHW) made less money despite adding assets. bit.ly NYSE:SCHW Coronavirus surge sparks worries over renewed lockdowns, global fuel demand. reut.rs China’s bull run could signal a Wall Street stampede. bit.ly Cuomo confirms New York City will enter the final phase of reopening Monday. on.mktw.net Brazil to allow citizens to withdraw from pension funds early. reut.rs Ally Financial Inc (NYSE: ALLY) delinquencies, charge-offs of auto loans improve. on.wsj.com NYSE:ALLY Hospitals may be falsely labeling COVID-19 coronavirus deaths. bit.ly Underwriting to come down according to JPMorgan Chase & Co (NYSE: JPM). bloom.bg NYSE:JPM Copper-to-gold ratio suggests rates should be higher than they currently are. bloom.bg Sentiment: 30.8% Bullish, 23.8% Neutral, 45.4% Bearish as of 7/18/2020. bit.ly Gamma Exposure: (Trending Lower) 2,257,721,540 as of 7/18/2020. bit.ly Dark Pool Index: (Trending Lower) 45.8% as of 7/18/2020. bit.ly Product Analysis: S&P 500 (ES): Nasdaq 100 (NQ): Russell 2000 (RTY): Gold (GC): Crude Oil (CL): Treasury Bonds (ZB): Disclaimer: This is a page where I look to share knowledge and keep track of trades. If questions, concerns, or suggestions, feel free to comment. I think everyone can improve, especially me. In no way should this post be construed as investment advice.
CME_MINI:ES1!
by Physik
9
ETH looking to flip Month long range ETH is testing and looking to flip where it has been ranging for almost the entire month of June from a technical standpoint. If we can flip and retest this level I feel comfortable opening a long position here. The current defi craze is also making me lean very bullish as everything runs on ETH so some of that value will be captured no doubt with people seemingly hurrying to the space and the ETH network being very very active in recent weeks... Something to keep an eye on.
COINBASE:ETHUSDLong
by KushGrandma
1
The Best Yield Curve Tutorial You've Ever ReadThe two year has remained relatively flat since this week's open. However it did gap up significantly. Why is the 30 year falling (see linked article) while the two year remains consistent? Bonds of different maturities care about different things. In particular, the shorter end of the spectrum cares less about the long term effects of inflation and the general position in the economic cycle than the long end. Why? Those effects will be felt less in two years than the short term effects of interest rate decisions or the sentiment about it. Conversely, the 30 year has more time to price in these factors. It has to take in the considerations above, and more. Hence why the 30 year is tumbling right now, as it's more sensitive to risk sentiment and longer term factors. Don't forget that bonds are fixed income products, meaning they pay a yield that is inversely proportional to the price. The difference between the yield at either end of the spectrum is commonly referred to as the yield curve . The yield curve could also refer to a plot of the set of all yields on treasury products of various maturities. The difference between the two ends could narrow, or flatten . It could also steepen . Furthermore, that flattening or steepening could be driven by either end. In this case it is led by the long end. Since prices are decreasing (on account of risk on sentiment), we call this a long end led bear steepener . If you liked this analysis, subscribe for more content. Also check us out at Ghost Squawk!
CBOT:ZT1!Education
by quantguy
Fed high-yield buying might inflate the price somewhatThe prices of high-yield bond ETFs went through the roof after the Fed announced that it would be buying them, but they came back down as investors realized that the central bank hasn't actually purchased any yet. Word on the Street is that they're about to start, though, so I went ahead and picked up a couple May 15 calls, and we'll see what happens. Here's the prospectus on the program, which says the Fed will buy junk-grade bonds with 7-to-1 leverage: www.newyorkfed.org I kind of hate myself for buying this garbage with all the bankruptcies and default risk out there, but the market seems to be mostly an index of central bank stimulus right now, so... when in Rome. (I'm keeping my bet small and would not recommend anyone throw a lot of money at this.)
AMEX:HYGLong
by ChristopherCarrollSmith
2
USDOLLAR Slides to 61.8% Fibonacci LevelFurther to yesterday's article , the USDOLLAR has continued to decline. It now finds itself at the 61.8% Fibonacci level of its previous impulse move. This level overlaps with price support (green shaded horizontal) around the 12,290 level. The rotation of capital into bonds as well as short term notes is putting pressure on yields. This is the the catalyst for the lower USD. We note the positive correlation between the 2 Yr Treasury Bill and the USDOLLAR (red rectangle areas). However, we again reiterate that the RSI for the T-Bill is oversold (blue rectangle) and that it will need to normalize soon. This is likely to provide support for the greenback, which may provide a floor to further greenback weakness in the near term.
FX:USDOLLARLong
by FXCM
The 10-Year US Treasury Yield Makes HistoryThe 10-Year US Treasury Yield made new all-time lows this week. History was made as it went below 1%! On TradingView, you can chart Government bond prices and bond yields around the world. Bond prices are important because they can highlight risk appetite and desire for yield. To get started with charting Government Bond Yields, search for these combinations: US10Y - US Government Bonds 10-Year Yield ES10Y - Spain Government Bonds 10-Year Yield DE10 - German Government Bonds 10-Year Yield JP10Y - Japan Government Bonds 10-Year Yield BR10Y - Brazil Government Bonds 10-Year Yield We hope you enjoyed this chart and demonstration on how Government Bond Yields can be charted on TradingView. Please press Like if you enjoyed it or leave a comment if you have any questions.
TVC:US10YEducation
by TradingView
5