Yeld Finance (Uniswap: YELDWETH) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, YELD began a red wave one advance on September 4. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on October 8 and the red wave two (blue sub-waves a-b-c) correction ended on November 19. If this wave count is correct, YELD should be heading next towards the October 8 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Yeld Finance offers yield farming with permanent holder rewards. You can read their latest announcement here.
(Sources: https://yeld.finance/)
How Will Yeld Finance Trade?
Yeld Finance (Uniswap: YELDWETH) daily chart by Tradingview.
(Chart courtesy of Tradingview.com (log scale))
Prizes
I will be giving upvotes to the correct answers.
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.
YELD will takeout the October 8 peak
YELD will drop below the September 4 low
YELD will stay in a trading range between the September 4 low and the October 8 peak until December 30
YELD will drop below the September 4 low
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YELD will stay in a trading range between the September 4 low and the October 8 peak until December 30
Correct.
YELD will stay in a trading range between the September 4 low and the October 8 peak until December 30
Correct.