FarmAt a low - dump could be over - Entering now for long term trade while staking.
Looking for sells of 15 percent at 200, 15 percent at 300 and the remainder for 1000.
FARMUSD
FARM / USD - Update Post-MoveWe reached our target at 282 (see previous chart linked below). Starting to see a possible channel here on the daily chart. If we remain in this channel, FARM (also known as Harvest Finance) could soon make a move to the top of it and post a new ATH well above 300.
FARM / USD - Attempting Break-out of Falling WedgeFARM has been in a falling wedge since the spike from the Binance listing. It's attempting a break-out of that wedge now. Should it succeed and continue (after any potential re-tests) it could reach 282 next.
FARMUSD Forming Massive Bull PennantCOINBASE:FARMUSD
This is what is in store for you farmers holding many FARM tokens in the coming hours or days, hopefully the former (I'm one and I bought buckets of these today in the high 230 - low 240s range during the big dump):
A canonical bullish pennant whose beginnings look to have taken root around the hours of 9-12 am CDT (if you zoom in to the 1hr version on your chart) a fortnight ago, on August 8. Reverting to the posted daily chart, notice the markedly decreased volume with each passing day, which is a near-omnipresent phenomenon in this particular type of breakout and is an auspicious sign of a large pump incoming.
What's my target? The full distance of the pole from August 7-8, or $40. So, wherever FARM breaks out from the resistance trendline plus $40.
So probably my first take profit would be @ $285, as I am predicting a breakout near current resistance, between $240-$250.
Good luck trading, farmers.
Harvest finance (FARM) about to get to plowing?What is FARM?
FARM is Harvest Finance’s governance token which allows token holders to influence Harvest’s treasury and the future direction of the protocol. FARM token holders are entitled to the 30% protocol fees.
What is Harvest Finance?
Harvest Finance is an automatic yield farming protocol that helps traders take advantage of the latest DeFi platforms with the highest yield.
Who created Harvest Finance?
Harvest Finance was built by a group of anonymous developers. The only visibility to the team is via a handful of community managers that volunteer their time.
What problem does Harvest Finance solve?
The DeFi space is becoming more complex as more protocols are being introduced. Harvest Finance aims to help non-savvy users yield farm and get the highest DeFi yield while saving time and money.
For users who are yield farming with small amounts of capital, it may not be the most effective use of time to constantly harvest yield from the various DeFi yield farms. Constantly harvesting yield will also incur high gas cost. Harvest Finance collates capital from various yield farmers to do yield farming more effectively saving time and money for users.
Market Cap $174,897,294
24 Hour Trading Vol $34,718,746
Fully Diluted Valuation $203,121,162
Total Value Locked (TVL) $493,881,834
Fully Diluted Valuation / TVL Ratio 0.41
Market Cap / TVL Ratio 0.36
Circulating Supply 594,485
Total Supply 639,924
Max Supply 690,420
This idea is based on a pennant pattern and the current sentiment of the market along with indicators on other charts such as the MACD and RSI showing bullish signs.
