YEARN FINANCE PERSONAL ANALYSIS IN THE LONG TERM

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Chart shows common supports and resistances based on the fibonacci and price action. The total evaluation for YFI is neutral-bearish. The coin itself has a very stable pace of interest, however this neutral pattern has almost always a tendency to remain more bearish than bullish sincere a larger time frame of bearish divergence are created and not enough higher highs established despite the RSI being overbought several times. A personal tip is to consider every drop as a minor buying opportunity, but consider it a soft purchase rather than a full time investment since, again, the coin itself has no clear bullish momentum in it.
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Due to the positive news of FED today, the move to the upside is more likely now than approaching the 18,000$ range however the resistance near the 50,000$ is still a major resistance until proven otherwise. Happy Longs Everyone!
Harmonic PatternsTechnical IndicatorslongtermTrend Analysis

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