YFI looks like it is going to bounce back from the lows it has hit recently, after a huge surge this summer. The entire DEFI market plunged, except for Chainlink and REN - however YFI changed ownership recently, and is looking for some growth.
Higher Time Frames 4HR and 1D are converging on a golden cross, but the MA50 could bounce off the MA100 with downward selling pressure we have started seeing. I believe if there is a sell off, it will only be temporary, and YFI is otherwise a great buy going forward. Wait for signal of MA50 to cross up and over MA100 on 1D for any purchases.
Higher Time Frames 4HR and 1D are converging on a golden cross, but the MA50 could bounce off the MA100 with downward selling pressure we have started seeing. I believe if there is a sell off, it will only be temporary, and YFI is otherwise a great buy going forward. Wait for signal of MA50 to cross up and over MA100 on 1D for any purchases.
註釋
4 Hour Chart now confirmed
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