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YFIUSD Perpetual Swap ContractYFIUSD Perpetual Swap ContractYFIUSD Perpetual Swap Contract

YFIUSD Perpetual Swap Contract

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YFIUSD.P trade ideas

Yearn Finance Price UpdateThe 2-hour chart shows us that YFI is close to breaking below a major trend line. This trend has been in place from the 13th of May low at $60,487. I consider this to be an important level of support, as a clear break has the potential to push the Yearn Finance price back to $50,000. A series of lows from early April provide support around the $50k mark. If the price can stabilize above the trendline, it has a chance to recover. There is some resistance at $70,500, and YFI has failed to break above this area for the last 12 hours. Therefore clearance of $70,500 would suggest the price can continue higher. The first target would be 81,970, where the price stalled on the rally of the 14th of April.
FTX:YFIUSD
by Evanwinter_trade
1