$YFI / USDT
Yearn Finance is forming a falling wedge pattern on the daily timeframe โ a classic bullish reversal structure ๐
Price is compressing between descending trendlines, with a recent attempt to break the upper boundary, signaling early strength.
๐ Technical Overview:
โ๏ธ Falling wedge (reversal pattern)
โ๏ธ Higher lows forming inside compression
โ๏ธ Momentum building near breakout zone
๐ Bullish scenario:
If breakout confirms with volume:
๐ฏ $3,617
๐ฏ $4,002
๐ฏ $4,472
โ ๏ธ Key support: Around $2,400 โ losing it weakens the setup
A confirmed breakout could trigger a strong impulsive move upward after prolonged consolidation.
Yearn Finance is forming a falling wedge pattern on the daily timeframe โ a classic bullish reversal structure ๐
Price is compressing between descending trendlines, with a recent attempt to break the upper boundary, signaling early strength.
๐ Technical Overview:
โ๏ธ Falling wedge (reversal pattern)
โ๏ธ Higher lows forming inside compression
โ๏ธ Momentum building near breakout zone
๐ Bullish scenario:
If breakout confirms with volume:
๐ฏ $3,617
๐ฏ $4,002
๐ฏ $4,472
โ ๏ธ Key support: Around $2,400 โ losing it weakens the setup
A confirmed breakout could trigger a strong impulsive move upward after prolonged consolidation.