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Beefy

Beefy Finance – Bullish Rally IncomingHello, everyone! BIFI token price is in the long consolidation phase. The volatility now is very low. I suppose it is time to explode soon. The BIFI formed the huge symmetric triangle. The upper band of this triangle was broken finally. This is the very nice factor for trend reverse. Also we can see that the price tested the Supply Zone 1 multiple times and now is trying to breakthrough again. There is a high probability that the Supply Zone 1 will be broken soon. In this case the first target is Supply Zone 2 ($1700). If we suppose that the downtrend is broken, I expect the small pullback after reaching the Supply Zone 2 and after that the breakout to the Supply Zone 3($2500), which is the final target for my trade. The BIFI tokenomics supports my analysis because it have the maximum supply of 80000 BIFI and 78000 BIFI are already in circulation, so I am not expect the supply increase.
BLong
by Skyrexio
5
Beefy Finance(BIFI) | Trading PlanHello, everyone! Today I start the new series of articles. I am going to demonstrate all my trading decisions for you. First of all, I will show 10 coins with strong fundamentals in my opinion. The trading plans will be applied to this 10 coins. Updates where I show you my buy and sell orders you can find under these articles. Let’s start with the Beefy Finance(BIFI). REWIEV Beefy Finance is the yield farming and stacking platform. There are many different coins are available for stacking and farming. Beefy has the automatic reinvestment tool and the APY boosts, which allows to obtain higher APY compared with competitors. FUNDAMENTAL ANALYSIS Product 8/10 Beefy Finance is one of the best yield farming platforms. The project’s further success depends on Defi sector development. Tokenomics 10/10 Beefy has the ideal tokenomics, because the maximum supply is 80000 BIFI, where 97.5% of this supply is in circulation. Partnerships 9/10 Beefy is the project on Binance Smart Chain with the partnerships with Avalanche, Fantom, Polygon, Harmony, Arbitrum. Exchanges 6/10 The Binance listing is the nice indicator that the project is not the scam, other exchanges are not famous. Market Information 1/10 I really don’t like that there are a lot of investors who bought BIFI below 10$ per coin, it means that they have 300X profit with the current prices. I suppose that the downtrend can last some more time. The tokenomics will eliminate this negative effect, but we need time. DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
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by Skyrexio
1
🆓Beefy.Finance (BIFI) May-15 #BIFI $BIFIBIFI has 2 important support zones at 1000$ and 1200$, which can push it up to 1500$ and 1800$ in this May. If it could conquer the 1800$ zone, it will be very promising in June 📈BUY -Buy: 1170-1230$. SL if B -Buy: 970-1030$. SL if B 📉SELL -Sell: 1460-1540$. SL if A -Sell: 1760-1840$. SL if A ❓Details 🕯Timeframe : 1 Day 📈Red Arrow : Main Direction as BUY & SELL section 📉Blue Arrow : Back-Up Direction as BACK-UP section 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section 🅰️A : The Close price of candlestick is Above the zone 🅱️B : The Close price of candlestick is Below the zone
BLong
by CryptoStation
BIFIBUSD (BEEFY.FINANCE) - POTENTIAL BUY ENTRY ANALYSIS 🔎 - BIFIBUSD is testing the ATL (all-time low) support. - Price action is printing the double bottom (DB) trend reversal pattern. - The double bottom pattern is a bullish reversal pattern. - The downtrend is resisted by the descending trendline resistance (DTR). - There's a breakout potential. BUY ENTRY ⬆️ - Breakout above the descending trendline resistance and the double bottom neckline resistance (R1). TARGET 🎯 - Horizontal resistance level (R2). SETUP INVALIDATION ❌ - Breakdown below the double bottom horizontal support level (S1).
BLong
by Chibuike_Odoh
BIFI / BUSDWait the confirmation : - Break the yellow triangle, Momentum, RSI What Is Beefy.Finance (BIFI) ? Beefy.Finance (BIFI), launched in 2020, is a yield optimization tool on the Binance Smart Chain that helps maximize the return from yield farming. Yield farming is the practice of staking or lending your crypto assets to a smart contract-based liquidity pool in order to generate returns or rewards. The lender is known as the liquidity provider and the fund where the money is kept is known as the liquidity pool. Yield farming protocols incentivize the liquidity providers (LPs) to lock up their crypto assets in the liquidity pool. These incentives can take the form of percentages of transaction fees, governance tokens, or interest from the lenders. Yield optimization is the usage of data analysis tools to maximize the performance of yield farming projects.
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by HolderYoda
1