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

hey friends this is a Val and welcome to the newdate on yfi token on a 7 Days time frame chart yfi token has already broken out this very big longterm down Channel and after that you can see that since it has broken out this channel it could not break out this very long-term key resistance

of $1,240 you can see that when it f moving inside this channel we got rejection here but this resistance of $1,240 and after the breakout from this channel the price and was once again rejected and after breaking out this smaller falling wedge pattern again we had a Target here at the top of the

wedge that was exactly at this resistance of $1,240 priceing again got rejected by this resistance and again got rejected here as well and now recently we have broken out another falling wge pattern and so far the price end has moved up to uh $814 RightWay here at $88,000 we have another quite

long-term resistance you can see that previously this $8,000 has been working as a resistance here and before that it has been working as a resistance here and for a few weeks it has been working as support here as well and now after the break out the price and once again got rejected by this

resistance by the way this one is another resistance at $6,900 that was previously breaking a support here resistance here and support here and almost as support here at fell and we need to first break out this resistance of $6,900 then the price and will need to break out this resistance of $8,000

then we may expect that it can hit the target for the breakout from this recent falling wed pattern and in today’s CashNews.co we will analyze this move but before starting this analysis if you’re not subscribed to my channel then do subscribe it and promote 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 signal for you and you can find the link to join me there in the CashNews.cos description I’ve shared and 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 current 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 like the the trade setup for dog VI hat you just need to click on the link for the

trade setup and it will take you to the trading views chart and on this chart you can see when I shared this signal for that purpose you will need to scroll this page down within next few moment minuts uh this page will be available and now here you can see that I’m am scrolling it down and

here you can buy the buyings on and the sell Targets on and stop loss and in order to see how the price line moved after sharing this signal you need to click this button and after that it will show you how the price line moved up from the buying Zone and red to the sell Target zone now let me to

take you to the live chart of yfi token and first of all let me to show you this falling wed pattern you can see that since after the month of January 2024 it was moving inside this falling wed pattern and while moving inside this fed for a while we broke down uh this support that was a quite

long-term support of 4,800 that was also working as a support of this parallel Channel you can see that at the same time the price is also moving inside this parallel channel here we have the resistance of the channel at $1,240 and here we have uh the support of the channel uh this one by the way

this is the support that is approximately at $4,800 you can see that we had a bounce here bounce here bounce here savable bounces here then for the past several weeks again it is it was testing this support and for a while we had a fake out but the and retested this previous resistal Vedge that was

broken out here in the month of September 2024 and after retesting the previous resistance and support of this falling wed pattern the price and geared up and re-entered the same channel and pumped very well right now you can see that we are trying to break out this long-term resistance of $6,900

that was previously breaking as support here and a resistance here and support here and before that for a few weeks it had been breaking as support here as well and after that we will have the next resistance here at $88,000 and after breaking out these two resistance levels I’m expecting

that soon it can also hit the target for the breakout from this fet and that is here again at the top of the v $1,240 a quite long-term resistance you can see that for the past several months even since after the month of July 2022 it is working as a very very strong resistance and in order to

start a very very massive move from here by we will still need to break out this resistance the key resistance of $1,240 now there is a probability that soon it may hit this resistance after breaking out this V and now if we take a look at the long-term Target for the breakout from this previous

down channel on the 7 Days time frame chart that Target can be here at the top of this channel approximately somewhere between $95,000 to $100,000 so this was the update so far I hope that you have 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 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.co description I’ve shared take care goodbye