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Wednesday

02 December 2020

yEarn.Finance Ready to Pullback Following 240% Bull Rally | Crypto Briefing

yEarn.Finance Ready to Pullback Following 240% Bull Rally | Crypto Briefing


smart summary beta

This technical index presented a sell signal in the form of green nine candlesticks on YFI’s 3-hour chart.

The bearish formation suggests that a spike in sell orders around the current price levels may lead to a one to four 3-hour candlesticks correction.

A glimpse at the DeFi token’s 3-hour chart reveals that the TD setup has been incredibly accurate at anticipating local tops.

The last four sell signals provided by this indicator were all validated, resulting in steep declines.

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