YFII bottomed out earlier this month at $1299, bottom support level, and has found support above it and reversed knocking out long TP’s along the way up.
Fro here, $2585 (TP1) is already 1st touched and rejected, just like clockwork touched this $2050 support and now going back long again towards $2585 and upwards. Right now, this looks a bit like a relief rally, but i’m not too worried about that because this is still in a bullish momentum uptrend and with the price of Bitcoin rising this coin will reverse and continue to rise.
What is YFII?
YFII is a DeFi protocol that facilitates yield aggregation and uses a token halving model to ensure equitable distribution of tokens. It is a fork of YFI. Decentralized lending is the driving force behind decentralized finance (DeFi) projects.
Entry targets should be placed around $1962-$2050 support zone going long to these TP’s
Long Targets
TP1 🎯 $2585
TP2 🎯 $2982
TP3🎯 $3214
As always please do your own research, I am not a financial advisor.
Fro here, $2585 (TP1) is already 1st touched and rejected, just like clockwork touched this $2050 support and now going back long again towards $2585 and upwards. Right now, this looks a bit like a relief rally, but i’m not too worried about that because this is still in a bullish momentum uptrend and with the price of Bitcoin rising this coin will reverse and continue to rise.
What is YFII?
YFII is a DeFi protocol that facilitates yield aggregation and uses a token halving model to ensure equitable distribution of tokens. It is a fork of YFI. Decentralized lending is the driving force behind decentralized finance (DeFi) projects.
Entry targets should be placed around $1962-$2050 support zone going long to these TP’s
Long Targets
TP1 🎯 $2585
TP2 🎯 $2982
TP3🎯 $3214
As always please do your own research, I am not a financial advisor.
