YFIUSD 1W updateOk. If historic trend pattern continues....would expect sideways movement between low 4k and mid 5k with possible spike to 10k-ish possible (6-7 months based on past performance?) in the mean time. Would consider entry points below 5K to be reasonable to HOLD for long term profit taking as low 4K support trendline appears to be intact with multiple bounces since June 2022.
If this repeating descending triangle pattern plays out overtime, once again, a spike to 14K or above is a reasonable long term (12 to 16 months) outlook.
Will follow....
Good luck traders!
YFIUSD trade ideas
Look up!True story there's not enough YFI for everyone and it hit 90k before BTC just saying.. 🤷♂️
"You know yfi and btc have different supply/market cap scenarios right???"
"Ya, but... but.. but.." BOOM
Yahh ummm Number still go up bra! it don't matter to the memeholics so then why should I care ya know?
Soooo little time with sooo little coin. You tell me if that matters! Every Bitcoin Maxii from here to to the moon blabs about it none stop! "Olny 21Mil Only 21Mil! BTC Digital Gold!
Oh ya?? So tell me Circulating supply 33.60K YFI whats that make YFI then?
"One coin to rule them all until there is wait two or three... Oh wait there's another one!!!"
YOLO Moonboyz 🌛 If you feel so inclined to do so.
🚽👄Toilet Mouth: "Why do all your post say Short!?" or a bunch of "BUT, BUT, BUT"
⭐Not my job to tell you to buy or sell entries matter to most I only care about my exits.
⭐Let each person determine their cost to acquire and choice to play or not.
No Advice to give just thoughts that I can't shake after the last 8 years in the world of "CRYPTO"
Things 🤷♂️ #Fixed IDK!
🙏 FOR JUST A HEALTHLY PULLBACK!
""KEEP CALM AND MANAGE THY RISK & BALANCE your Senses!""
I am The CoinSLayer 👨💻😈
You have been warned by The Coin SLayer!
P.S. Now witha bag!
P.S.S. well two or Ten
YFIUSD: Repeating descending triangle patternAs AlanSantana so keenly observed and was spot on in the analysis previously posted on TV...YFIUSD looks to be repeating this pump and dump descending triangle pattern.
Watch again for breakout once it approaches the descending resistance line again.
Will follow.
Good luck traders!
YFI looking great for a (+90%) YFI is passing the $11 region with huge bullish momentum it is above vwap from 2021 and is breaking a consolidation for almost 2 years that could result in +90% increase up to $22.200,00 mark, the targe is in confluency with fibonacci levels, monthly level, big order block region and the value area low from the last bull run.
Inverted YFI Chart looks "Bullish"Invert the weekly YFI (Yearn Finance) chart and you'll start to see an Adam/Eve double-bottom that has dragged out following a breakout and multiple re-tests of its neckline.
It has only ever reached halfway towards TP 1.
Hold "above" 10.7k and get "above" ~4.4k to move towards targets:
TP 1 - ~1750
TP 2 - ~705
YFI, prepping for an x2 surge soon! 8k to 16k again.YFI has been on weighty correction lately this past few weeks from its recent parabolic peak at 16k to the current 8k range.
Based on the recent daily metrics, price movement is getting narrower -- registering triple bottom scenario. A long term shift is gradually transpiring.
Buyers are now back in the zone accumulating.
A prospect of a retest to 2x valuation at 16k is very high at this point.
Spotted at 8000
TAYOR.
Safeguard funds always.
Yearn (YFI) May Follow Chainlink (LINK)Yearn Finance CRYPTO:YFIUSD may perform similarly to Chainlink CRYPTO:LINKUSD , or vice versa.
Their structures are near identical.
YFI has persisted longer in its range than LINK and may see a stronger breakout as a result.
Conversely, LINK could follow YFI instead and drop back down to its prior range after its breakout held for some weeks, where YFI's previous breakout attempt turned into a bearish candle with a high wick.
Good luck!
✴️ Yearn-finance 400% Growth Is Easy (Name Your Altcoin)Yearn-finance looks great... Let me explain!
The bottom low for this pair, YFIUSD, hit June 2022.
Ever since this low we have higher lows, with all the action from June 2022 through present time being a very long consolidation phase, if we zoom out and consider the big picture.
When this pair starts to move strong, the action we are seeing now will look flat basically compared to the strong bullish wave that will develop.
Looking at October 2023, today, we have a break above EMA10 and EMA21.
This "switches" the potential from bearish (below these levels) to bullish (above).
Notice the broken downtrend line on the chart... Another bullish signal.
The next target can happen around 20,000 or more.
If we consider the current price, that's 400% "easy" growth.
I hope this trade idea answers your questions and doubts.
I hope you are blessed with wealth, health and success.
I am wishing you tons of luck and amazing profits in this upcoming Cryptocurrency market bullish wave.
Thanks a lot for your continued support.
You are appreciated, now and always!
Namaste.
Yearn Finance Hit by 63% Treasury Loss Due to Script GlitchYearn Finance experiences a major treasury loss due to a multisig script error, leading to new safety measures and community outreach.
In a significant setback for Yearn Finance, a leading player in the decentralized finance (DeFi) sector, a script malfunction in its multisig (multi-signature) system led to a substantial loss of its treasury assets. The incident on December 11 resulted in the unintended swap of Yearn’s treasury balance, amounting to a loss of approximately 63%.
The company confirmed that the loss affected only the treasury funds and did not impact customer funds. The mishap involved the accidental exchange of 3,794,894 lp-yCRVv2 tokens from Yearn’s treasury. This transaction, executed on CoW Swap, led to significant market slippage due to the large volume involved, further exacerbating the loss.
Yearn Finance Treasury Error Triggers Huge Loss
The event unfolded as a result of multiple oversights in handling the treasury funds. Yearn’s statement explained that the entire treasury balance, including fees, was mistakenly transferred to a trading multisig, initiating over 30 trade orders. Among these was the critical swap of the treasury balance.
This transaction’s complexity and high volume of trades hindered effective human review, allowing the error to pass unnoticed. The protocol identified that the script used for token swapping lacked adequate output checks and contained a logical flaw. This flaw failed to cap the trade size, leading to the unintended large-scale transaction.
New Safety Steps at Yearn Post Loss
Yearn Finance has implemented several measures to prevent a recurrence in response to this incident. The protocol plans to segregate protocol-owned liquidity (POL) funds into separate entities and enhance its trading scripts to produce more comprehensible output messages. Additionally, it will enforce stricter price impact thresholds during trades.
This incident is not the first security challenge Yearn has faced. Earlier in the year, the protocol was the target of an attack where a vulnerability in a Yearn vault was exploited, resulting in the theft of approximately $11 million in stablecoins. The attacker utilized a small amount of tether (USDT) to mint a vast quantity of yUSDT. This Yearn-equivalent token was exchanged for stablecoins, culminating in a significant financial loss for the protocol.
Yearn Finance has reached out to the community, appealing to those who profited from arbitraging the mistake to return a reasonable amount to Yearn’s main multisig wallet, ychad.eth. This appeal highlights the collaborative and self-regulating nature of the DeFi community.
Rare cryptosAll asset classes are valued by supply and demand. Here's a rare crypto max supply comparison on the YTD 3-day chart:
YFI 36,666
MKR 1,005,577
COMP 10,000,000
QNT 14,612,493
AAVE 16,000,000
BTC 21,000,000
BCH 21,000,000
ZEC 21,000,000
LTC 84,000,000
BAL 96,150,704
ETH +1,600 / day max inflation
ETC 210,700,000
#YFIUSD #YFIUSDT #YFI She's a tricky one BUT lots of UPSIDEI am not sure currently but with the Clannish tribal way the YFI Fantom CRV crew was consolidating YFI (there was some voting advantage or something they realized they need to get control or majority ownership off) It was like the top 70 percent of tokens was held just by a few wallets TRANSLATION "They" have pretty much full control over this ALT and like to send her on rides to scalp accumulate and just in general cuz they can.
THE QUESTION IS TO SCOOP OR NOT TO SCOOP AT 9kish?
JUst watch her.
>If she breaks 10k and looks to run just be ready to get out quick if we reject at or near 12 maybe 13k
>If rejected or not lookin likely to claim 10k+, I would cost average in from here/9k, down to 6- 7k.
CRYPTOCAP:YFI
BINANCE:YFIUSDT
CRYPTOCAP:TOTAL
CRYPTOCAP:TOTAL2
CRYPTOCAP:TOTAL3
CRYPTOCAP:BTC.D
CRYPTOCAP:ETH.D
CRYPTOCAP:BTC
CRYPTOCAP:ETH
FOr me and mine when I go ALT hunting
#1 IS BTC ETH ie Market as a whole/Is it in a UP TREND, SIDEWAYS, or DOWNTREND
#2 Have a loose plan on where you plan to stop loss/cut your losses and where you will
start to and in general, take profits/close out position.
#3 try to not spread to thin. Try to avoid to many ALT positions esp on Multiple
Platforms/Exchanges/DEXs. You need to be able to focus and move quickly.
//: THE VOLITILITY IS EVERYWHERE SO DONT GET GREEDY AND JUST SIMPLY PICK YOUR SPOTS> in the end you need to find a trading style that works for your style and time. Take what you like or what works for you from others and add it to your game. THERE IS NO SILVER BULLET AND WHAT WORKS FOR ONE TRADER WONT FOR ANOTHER> GET IN WHERE U FIT IN AND NEVER BE SKEEEERD TO TAKE DEM PROFITS_
//:HGM0Ut_