DAILY NOTION: Yearn.Finance's Next Buying Opportunity May Come at $18,000
Yearn.Finance (YFI) had an astounding 290% bull rally that started on Nov 5 and peaked on Nov20 at $29,890.
The digital asset seems to be under consolidation, and many indicators are turning bearish in the past week.
YFI needs to hold critical level to avoid a 23% pullback.
On the 4-hour chart, YFI price is trading at $22,459, just above the lower boundary of the descending triangle pattern formed.
A breakdown from this point would most likely drive YFI price towards $17,500.
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