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

hey friends this is a hope you’re well and welcome to the newdate on yfi token as in my earlier CashNews.cos I’ve been showing you that yfi token has broken out another falling wedge pattern you can see that on this s days time frame chart it is breaking out different bullish

bias patterns like it formed a bigger falling a bigger down Channel broke it out and a smaller down Channel broke it out but got rejected every time it got rejected by this uh long-term resistance of $1,240 we can see that we got rejection here rejection here and after the breakout from this B

despite this long Spike up to $116,000 in the month of November in the last year November 2023 we had this um quite powerful rally but the priceon could not break out this resistance despite this rally and again we got rejection in the month of March 2024 and now after breaking out this resistance

of $88,000 the priceon is again moving towards this resistance if we take a look at the daily time frame chart then you can see that for the past several days the priceon was getting rejected by this resistance of $8,000 we got rejection here rejection here and finally we have broken out this

resistance of $8,000 almost two or three days ago and now I’m expecting that soon it can once again hit this resistance of $1,240 and at the same time this long-term resistance of $1,240 is also working as a resistance of a big uh s parallel Channel big big horizontal Channel as well uh you

can see that we have this quite long-term support here and this this quite long-term resistance here at $1,240 that is also breaking as a resistance of this Channel and in today’s CashNews.co we will once again Analyze This rally and this breakout and this Channel and I would also like to

share with you my most recent trade signal for wifi token that I shared on 5ifth of November 2024 with my members 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

or as a patreon member because there I’m sharing different trading signals for you and you can find the link to join me there in the CashNews.cos description I’ve shared so let’s start analysis and by the way if you would like to see how my trading signal work then I’ve also

shared the link for the trading signal report for the previous month of November 2024 in the CashNews.co description you just need to open that report and if you would like to check or verify any trading signal just need to click on the link for the trade setup mentioned in this report for example

uh this is the trade set of reedas you just need to click on the link and it will take you to the trading views chart and on this chart you can see when I shared this signal like this this trade setup I shared few days ago on 25th of November 2024 and here you can also want the complete trade setup

as felt like this is the buying on and the sell Targets on the stop loss and in order to see how the price line moved after sharing this signal you need to click here and after that it will show you how the price line moved up from the buying Zone and rally to the sell Target Zone this was a very

very massive rally by the way now let’s start analysis and first of all I’m going to begin with my most recent trade signal for yfi token that I Shar a few days ago on 5th of November 2024 with my members and that was an expected harmonic bullish reversal AB equal to CD move that yfi

token was completing on a daily time frame chart with US dollar perir in fact it almost completed it was really very close to end to the buying Zone and this was a complete trade signal by the way buying Zone and the sell Target Z the stop loss and now if I play this chart then you can see that it

started uh a very very massive pump very very massive rally just uh slightly above this potential reversal L could not enter the buying Zone and started without entering this buying Zone it started a very very massive rally now let me to take you to the live chart of yfi token and this is a 7 Days

time frame chart and here you can see that it is breaking out different bullish bu pattern one one after another like broke out bigger down Channel small smaller down Channel then another falling W pattern then we had a rally up almost up to $116,000 but every time you can see that it is getting

rejected by this long-term resistance of $1,000 $240 that is also working as a resistance of a very big horizontal Channel as well and recently you can see that the price andols mve slightly below the support of uh this channel that was by the way here this support approximately at $5500 and I was

telling you that uh we have already broken out this V therefore there is a very high probability that soon the price and may reenter this Channel and now you can see that it has pmed very well after the breakout from this Ved and now we are about to hit the resistance up off this channel this time

again the resistance is here at $1,240 in very long-term resistance we got rejection here by this resistance we got rejection here rejection here rejection here and this time uh we may see another very very powerful attempt soon to break out this long-term resistance of $1,240 for example if the

price line of VII token breaks out this resistance this time then technical Target for the breakout from this channel will be here that will be approximately at 26,000 $491 and if the price and reach is there then we can also break out this long-term key resistance of $25,000 as well that was

previously breaking as a resistance here and for several months it has been breaking as a support here as well now here on the 7 Days time frame chart you can see that we have already broken out this very big and long-term uh down Channel this month and so far the pron could not hit the target for

the breakout from this channel because every time it is getting rejected by this resistance of $1,240 and the target for the break up from this down channel is about to be here at the top of this channel that is approximately at $100,000 but this was the update so far I hope that you like 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 where as a patreon member because there I’m sharing different trading signals for you and you can find the link to join me there in the

CashNews.co description I’ve shared take care goodbye