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.
Trade active
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:Note
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 aboveTrade active
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 2Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.