Is FARM finally ready for a Bountiful Harvest?
FARM (Harvest Finance) has been bottoming out for quite some time.
If it can move above the upper yellow horizontal, it will get enough momentum to break above the falling wedge on the weekly, and we could finally see a strong move 3-4x or more.
If it can move above the upper yellow horizontal, it will get enough momentum to break above the falling wedge on the weekly, and we could finally see a strong move 3-4x or more.
הערה
Here's another daily chart, with an attempted breakout of this white diagonal occurring now, another move that could push us to a breakout of the weeklyעסקה פעילה
Daily may close above the weekly double-bottom confirmation line, weekly close tomorrow also possible. If we get the weekly close above, it should confirm a move that will lead to wedge breakout and the 3-4x move targeted on the chart:עסקה פעילה
הערה
Correction 2-3x move, think I wrote 3-4x in the original post and last update. To be more precise - approx 25 going to 54-55 and then 74-75 dollars if double-bottom is confirmed and leads to wedge breakout and holds aboveעסקה פעילה
Broke through resistance, let's see if it holdsעסקה סגורה: היעד הושג
Closing the trade - hit the larger falling wedge's TP 1, nearly reached TP 2. I took profits at TP 1 and put it into SUKUUSD which hasn't run yet:הערה
Here's SUKU for anyone interested, think it will do very much the same thing:
עסקה פעילה
FARM holding up well, and SUKU made it's move (see comment above). Presently bounced off of weekly double-bottom's TP 2, and should revisit falling wedge TP 1 and head towards it's TP 2
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