Seems to be an area of consolidation on the 1 day and 4 hour chart. Will we see it drop to 0.5 btc?
I remember when we were charting BTC price parity for YFI. Maybe those days are long gone for Yearn Finance. Still candles are holding above the EMA trendline for now after a slowdown of Bitcoin pricings.
Good time to buy YFI if you want gains on btc. EMA looks to be rising ever so slightly.
YFI BTC - strong BTC pricing is forcing down the YFI price. Will fall to previous structure. Falling EMA, good trading volumes though.
After blasting past 1btc parity, YFI calm to a lower level. We'll see it trade in the 0.8 - 0.9 btc levels this week.
Slight resistance below the 1btc mark. Expect to see a push to parity with strong EMA.
