Is FARM finally ready for a Bountiful Harvest?

2023年10月28日

FARM (Harvest Finance) has been bottoming out for quite some time.

If it can move above the upper yellow horizontal, it will get enough momentum to break above the falling wedge on the weekly, and we could finally see a strong move 3-4x or more.

2023年10月28日

註釋

Here's another daily chart, with an attempted breakout of this white diagonal occurring now, another move that could push us to a breakout of the weekly

2023年11月4日

交易進行

Daily may close above the weekly double-bottom confirmation line, weekly close tomorrow also possible. If we get the weekly close above, it should confirm a move that will lead to wedge breakout and the 3-4x move targeted on the chart:

2023年11月4日

交易進行

2023年11月4日

註釋

Correction 2-3x move, think I wrote 3-4x in the original post and last update. To be more precise - approx 25 going to 54-55 and then 74-75 dollars if double-bottom is confirmed and leads to wedge breakout and holds above

2023年11月12日

交易進行

Broke through resistance, let's see if it holds

2023年12月26日

交易結束：目標達成

Closing the trade - hit the larger falling wedge's TP 1, nearly reached TP 2. I took profits at TP 1 and put it into SUKUUSD which hasn't run yet:

2023年12月26日

註釋

Here's SUKU for anyone interested, think it will do very much the same thing:

2024年3月2日

交易進行

FARM holding up well, and SUKU made it's move (see comment above). Presently bounced off of weekly double-bottom's TP 2, and should revisit falling wedge TP 1 and head towards it's TP 2