Yearn.Finance (YFI)Yearn finance provides promising features for staking and yield farming. Anyway, YFI is currently oscillating in a consolidation zone shaped like a triangle. Let's see if YFI can break this triangle upward or not.
YFIUSDT_1557CE.USD trade ideas
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 will riseYellow oscillation range triangle, support position at the lower boundary is expected to rise and break through the upper boundary in the future
YFIUSD - Horizontal BottomA potential bottom structure, look for bounce off the bottom orange line
This could create a reversal pattern which I have shown with the green bars pattern line
Daily chart for YFIUSD
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.
YFI's RSI looks promising; expect a breakout by the end of JuneYFI is showing a bullish trend with a strong RSI. A breakout is anticipated by the end of June.
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!
Potential YFI trade setup YFI has been making higher lows and has enormous upside potential. There was also a very large harmonic on the weekly. Could be very good if BTC keeps heading up.
yfi/usd - High Risk - High RewardComing in with a stop loss that is much higher than i'm normally comfortable with, but the reward is so high! Ideally i'm just going to keep adding to the position that I acquired at $8,440. Let's see what happens!
YFIUSD - Slanted Inverse H&S Allowing the right shoulder to form currently which then allows further bullish movement. It will likely retest the previous recent high easily. Possibly even extending past that.
✴️ 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_
send yfi to $150k now!waiting for yearn finance to blow the roof off with yfi token
only 36,666 tokens available
very good R:R from the lows
when defi takes off again this will burst out atmosphere
veyfi coming soon to stake yfi and earn rewards on,
can stake yfi at the moment for curve rewards
Rare cryptosAll asset classes are valued by supply and demand. Here's a rare crypto max supply & current supply comparison list with the tickerTracker MFI Oscillator set to 13 on the 1 day chart:
YFI 36,666 (33,033 current supply)
MKR 1,005,577 (977,631 current supply)
COMP 10,000,000 (7,786,649 current supply)
QNT 14,612,493 (12,072,738 current supply)
AAVE 16,000,000 (14,488,143 current supply)
BTC, BCH 21,000,000 (19,436,075-19,455,506 current supply)
ZEC 21,000,000 (16,328,269 current supply)
LTC 84,000,000 (73,418,014 current supply)
BAL 96,150,704 (51,107,259 current supply)
ETH +1,600 / day max inflation (120,193,787 current supply)
ETC 210,700,000 (142,107,986 current supply)
rare cryptosAll asset classes are valued by supply and demand. Here's a rare crypto max supply & current supply comparison list with the tickerTracker MFI Oscillator set to 20 on the 1 day chart:
YFI 36,666 (36,638 current supply)
MKR 1,005,577 (977,631 current supply)
QNT 14,612,493 (12,072,738 current supply)
AAVE 16,000,000 (14,093,193 current supply)
BTC, BCH 21,000,000 (19,254,475-19,276,638 current supply)
ZEC 21,000,000 (16,081,881 current supply)
LTC 84,000,000 (71,995,917 current supply)
BAL 96,150,704 (46,454,889 current supply)
ETH +1,600 / day max inflation (122,373,866 current supply)
ETC 210,700,000 (138,832,003 current supply)
BNB 200,000,000 (159,963,667 current supply)
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
BBMC - bollinger bands
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
www.tradingview.com
YFIUSD (1H) - Bearish reversalHi Traders
YFIUSD (1H Timeframe)
Waiting for the downward break of 6727 support level which will complete a bearish trend reversal pattern to go SHORT. Only the upward break of 7194 would cancel the bearish scenario.
Trade details
Entry: 6727
Stop loss: 7194
Take profit 1: 6439
Take profit 2: 5974
Score: 7
Strategy: Bearish reversal
YFIUSD (4H) - Bearish breakoutHi Traders
YFIUSD (4H Timeframe)
The market is in a downtrend, and we are waiting for an entry signal to go SHORT below the 6443 support level. Only the upward break of 7038 would cancel the bearish scenario.
Trade details
Entry: 6443
Stop loss: 7038
Take profit 1: 6077
Take profit 2: 5483
Score: 8
Strategy: Bearish breakout
YFIUSD - Daily Downtrend BrokenAnother idea for YFI showing a strong trend line down that has been broken
This is a more viewed out view which also supports my previous bull idea for YFIUSD which I will link below
Simple trend line analysis
