Investing in or trading crypto assets comes with a risk of financial loss. The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investors must navigate the current situation using proper risk management. YFI token may carry the risk of a downfall as the price may be forming a potential bear flag. The market is at a major resistance which must be conquered to extend the recovery phase. Yearn.Finance price prediction points to the bullish recovery that YFI made after months of aggressive selling. This indicates an uptrend where the buyers are in control and for a trend reversal, the price must break and trade below the 200 EMA. The bearish histograms are small which means that the sell pressure isn’t significant.Ģ00 EMA: On the 4-hour chart, the price is trading above the 200 EMA(exponential moving average) which acts as a significant support. The market may remain bullish to sideways until the indicator goes below the 0 line. MACD: MACD made a bearish crossover above the 0 line. This is a phase of consolidation where the price may move in a small range This indicates neutrality and the market may move sideways in the short term. RSI: The RSI indicator is currently at 56.63 on the 4-hour. Crypto loan is to pledge one crypto to borrow another. Trade YFI/USDT safely with Gate.io Exchange now Exchange Web3. On the flip side, if this uptrend continues, It may contribute to the formation of a big double-bottom pattern with a price target of $17000. YFI USDT spot trading, charts and order book. A breakdown may result in a bloodbath as the price targets are below the $3000 mark. Yearn.Finance price may be in an uptrend but still carries the risk of a breakdown of this ascending channel. The volume indicates decent buying pressure. YFI token has flipped the 200 EMA while riding the 9 and 15 EMA to the upside. Prices smashed the resistance of $6153 which has now turned into a support. According to the 4-hour, YFi price is following a minor uptrend as it ascends within a channel.
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