YFI: Possible 20K, New ATH Expected? DEFI Hype Train!We are currently seeing a possible wave 5 up to 20K regions, most likely setting a new record for any coin to reach such heights. YFI has surpassed the price of Bitcoin! This may paint another picture for a bigger wave 3, which may even bring us to higher levels in the future if the hype stays.
We should be expecting profit taking at the next major psychological resistance at 20,000 USD.
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Yfibtc
✳️Yearn.Finance [YFI/BTC] on August 29 #YFI $YFI #YFIBTCYFI is still likely to increase strongly in the last days of August. The target is the 2.1 BTC zone
We might consider buying YFI as close to 1.45 BTC as possible.
However, if the lower edge of this Rising Wedge pattern breaks, then you need to sell YFI immediately as it will quickly return to the 0.7 BTC zone and we will buy YFI back in this zone.
Trade signal :
yearn.finance | New Binance Add! Project OverviewHere we have a new altcoin project pair listed on Binance, yearn.finance (YFI).
yearn.finance (YFI) Project Overview
The yearn.finance ecosystem consists of the following products
yearn.finance - Profit switching lender to optimize lending yields (live).
ytrade.finance - Leveraged stable coin trades (testnet).
yliquidate.finance - 0 capital automated liquidations for Aave (testnet).
yswap.exchange - Single sided automated market maker (live).
iborrow.finance - Credit delegation vaults for smart contract to smart contract lending (testnet).
The yearn.finance ecosystem is controlled by the $YFI token.
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yearn.finance
The purpose of yearn.finance is simple.
Yield aggregator for lending platforms that rebalances for highest yield during contract interaction.
yearn.finance supports;
$DAI
$USDC
$USDT
$TUSD
$sUSD
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Share your thoughts, comments and opinions in the comments section below.
Thanks a lot for the support.
Namaste.
YFI/USDT (Bearish Double Top?)YFI/USDT
-This coin is painting a Bearish RSI divergence on the 4H time period
-Also, it got rejected by the previous resistance top at around 16000 range
-We can see the price is starting to build a consolidation range
-I do not recommend to buy at current market price expecting the price will go up
-It is not safe to buy inside a consolidation phase
-Especially there is a sign of weakness of the market
-I want to see where the market direction before I will plan my next trade
-Don't want to be caught on the wrong side of the boat
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.
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Information is just for educational purposes, never financial advice. Always do your own research.