yearn.finance (Binance: YFIUSDT) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, YFI began a red wave one advance on July 21. The red wave one finished on August 10, and the red wave two correction ended on August 15. The blue sub-wave three advance finished on August 31, and the blue sub-wave four correction ended on September 5. If this wave count is correct, YFI should be heading next towards the August 31 peak in the blue sub-wave five.
(Chart courtesy of Coinmarketcap.com (log scale))
Funnymentals
yearn.finance is a yield aggregator built on the Ethereum network that is able to maximise yield by dynamically allocating liquidity to a number of different DeFi protocols. Coin Bureau reviewed the project three days ago.
(Sources: https://yearn.finance/)How Will yearn.finance Trade?
yearn.finance (Binance: YFIUSDT) four-hour chart by Tradingview.
(Chart courtesy of Tradingview.com (log scale))
Prizes
I will be giving upvotes to the correct answers with minimum reputation of 25.
Rules
This poll will expire in one week. Only one vote per person.
Which one will happen first?
Please select one of the three choices and comment below.
YFI will takeout the August 31 peak
YFI will drop below the August 28 low
YFI will stay in a trading range between the August 28 low and the August 31 peak until October 15