Massive Breakout Of yearn.finance (YFI) Crypto Coin #Finance

hey friends this is a hope you’re well and welcome to the new update on yfi token as in my earlier CashNews.cos I was showing you that yfi token has recently broken out another falling vge pattern and this was my last CashNews.co that I shared almost one day ago with you and now if we

move to the live chart this is by the by the way a weekly time frame chart and here you can see that yfi token is forming different bullish bias pattern and breaking out every pattern one after another like it broke out this very big and long-term down Channel at the same time it also broke out the

smaller down Channel as well and I was telling you that Target for the breakout from this channel smaller down channel is here at the top of the channel at $1,240 and you can see that after the breakout the price and read that Target but got rejected by this resistance because at the same time this

target was also breaking as a resistance uh at $1,240 and after this rejection the price and formed another bullish bias pattern that was another falling W pattern then after the breakout the price and again hit the target same level uh even red beyond that Target up to approximately up to $116,000

and now after this Rejection it was again stuck inside in another falling wed pattern now recently we have broken out this bedge and while moving inside uh these channels and badges the priceon also formed uh a parallel Channel as well and for a while the priceon moved down below the support of

this Channel and previously by the way I was following this support like this part after few more touch points here in my previous CashNews.cos I was telling you that we can now follow this pet Channel rather than an ascending triangle and now you can see that the price has re-entered the same

channel and in today’s CashNews.co we will analyze this move and I would also like to share with you my most recent trade signal for wifi token that I shared few days ago on 5th of November 2024 but before starting this analysis if you’re not subscribed to my channel then do subscribe

it and for more trading signals you can also join me and support me as a YouTube member where as a patreon member because there I’m sharing different trading signals for you and you can find a link to join me there in the CashNews.coos description I’ve shared so let’s start

analysis and first of all let to begin with my most recent trade signal for yfi that I shared few days ago on 5th of November 2024 with my members and that was an expected harmonic bullish reversal AAL to CD move that yfi took and was forming on a daily time frame chart with us dat up here and this

was a complete trade signal buying on and the sell Target on in the stop loss and you can see that the pattern was almost completed it was almost about to end the buying Zone and if I play this chart then you can see that the price just from here started a very very massive pump and red beyond the

cell Target on before that I shared this harmonic bullish reversal uh shark move in the previous month of October on 2nd of October 2024 and this move was formed on a 4H hour time frame chart with US dollar appear and this was the complete trade signal for this move if buying onone and the sell

Target on and the stop loss and now if I play this chart then you can see that the price had nicely moved from the buying Zone and read the sell targets done here here and here as well now let me take you to the live chart of yfi token and this is the 7 Days time frame chart and here you can see

that yfi token is breaking out different bullish bias patterns and recently it has broken out this bullish bias pattern that falls another falling W pattern so far the price has reached here approximately up to $8,000 and over there we have a quite long-term resistance you can see that from $7,000

to $6,900 to $88,000 is working as a very strong resistance on previously it was working as a resistance on here support on here resistance on here and resistance and support and resistance here as well therefore again the price and is trying to break out this resistance line and still it is not

able to break it out but after the breakout from this resistance L an imminent move can be possible to hit the target for the break out from this falling wed pattern that is here at the top of the wedge at $1,240 and at this level we have a quite long-term resistance as well and now if you take a

look at the longterm Target for the breakout from this Bon long-term down channel that mov is still do that is here at the top of the channel approximately at $100,000 so this was the update so far I hope that you have liked the analysis then do hit the like and do subscribe to the channel as well

and for more trading signals you can also join me and support me as a YouTube member M or as a patreon member because there I’m sharing different trading signal for you and you can find the link to join me there in the CashNews.co description I’ve shared take care goodbye