FARMUSD trade ideas
FARM above support zone#FARMUSD
$FARM seems supported and head up to touch the descending resistance line.
break out this line will lead price to resistance zone.
but if break down from support zone the bullish scenario will be invalid.
Harvest Finance (FARM) formed bullish Gartley for big moveHi dear friends, hope you are well and welcome to the new trade setup of Harvest Finance (FARM).
Previously we had a nice trade of FARM:
Now on a daily time frame, farm has formed bullish Gartley.
DON'T SELL THE $FARM!Old McDonald had a .... FARM!
As you can see on the 4H chart, $FARM has been consolidating within the green triangle since inception, but it appears to be on the verge of breaking out.
Buckle up and enjoy the ride.
Time to re-enter FARM? Disclaimer: Not financial advice. BTC is currently in a downtrend and money is leaving numerous Altcoins.
In a previous Idea about FARM I was targeting a 9 on the Demark 9 count on the 18HR timeframe around this time. Well it hit and I bought in at $164. My target for this buy was $155-168 11 days ago.
A couple things to note. Each previous 9 had a sizeable scalp. They all had different patterns. Some went down a bit more, some made an arch before pumping and one went straight up. I noticed the same trend on JASMY and made 30% profits.
More details in my previous idea
Looking for the next Demark 9 on FARM 18hr TFEvery couple of days I make time to play with Tom Demark's 9 count theory on new coins. Last night I had a chance to overlay it across small and larger TFs and what I found was interesting. The 18HR TF was deadly. Almost every 9 that showed up on the 18HR TF was followed by a $40 or more pump 24hours to 72 hours later.
If you look at the Market Cipher B indicator on the bottom, you'll notice it's currently overbought and could trend back down. It also looks like FARM found a bottom around $153 and has been printing higher lows.
My theory is, "IF" FARM starts to trend down on the 18HR it could print another 9 on the Demark Count as early as October 19th evening (NY Time Zone) or anytime after. And if it does I'm 100% buying. If it doesn't I will continue to watch for the next 9 on the 18HR.
*** Just a theory. FARM is currently in a reversal and may not see $160(ish) ever again. It could easily keep going up now, bounce off the channel it is currently in at around $172, ride up the channel slowly, or pump up into another channel and never be seen again.
For those that aren't familiar with the Demark 9 count I highly recommend it. There are great videos out there. The concept is simple: Buy/Sell 8s & 9s for scalping entry exits short term or long term. So far I've found that each coin works with the Demark counter, its just a matter of playing with every timeframe to find which one works best.
Ready to burst past $350: fully primed with bullish divergenceFarm's ready to go any day now. This coiled up monster is ticking. I believe this is the last stop in this channel as the bullish RSI divergence has gotten too strong and the bollinger bands have constricted even more. When a crypto consolidates this long, with as low of supply as Farm does (only about 600K tokens), and more than $420M value locked, the breakout is obscene.
Looking at the order book on exchanges, there are large sell orders at 400, 500, 600, 700 -- so it's clear some people know what's coming as well.
Imminent breakout to $350-$400 for $FARMBullish divergence and consolidating for almost two months. This is a near perfect trade setup in my book.
Low float on Coinbase (cheapest token by fully diluted market cap). Looking to fly from here.
Harvest Finance is at most 3 days away from a break to $400Technicals:
- Bullish divergence in RSI
- Oscillator has outpaced the price signaling buy pressure building up and getting accumulated heavily here
- Indicators have flipped bullish
Fundamentals:
- Undervalued based on total value locked. It's trading at just 0.25 fully diluted / TVL ratio.
- Lowest market cap on Coinbase (just $120M fully diluted)
I think this is going to burst to at least $400 any day now.
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.
Bull channelHello Farmers, as you can see, there is a lot of good vibe on the market right now. Well, in case of FARM there is not difference. Upward channel is forming and if the market will follow up this channel, we can see a several interesting days. My TP is in between 460 - 510 $ before next retracement. So load ur bags, this will be a ride.
This is not a financial advise, I share this only for my personal education purpose
FARM CATCHING SUPPORT AND MAKING A BOUNCE OFF I hour ago Nana
Nana (Cataleira)
@DomoSheep
·
1h
Help granny get her farm back #HonkaiImpact3rd on twitter & GOAT day brought volume in
Risky Play I am averaging up my position as volume comes in and keeping a close eye with PT'S to cut the lots at the higher fibs #BuYThEDiP
Lets Hodl this FARM team Twitter is pumping.
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.
FARM about to EXPLODEFARM on the verge of a HUGE upward move. Great moment to get in and enjoy the ride.
#notfinancialadvice
Massive Bullflag Hey everyone,
If we look at the 4hr chart on Farm.
A massive bull flag has formed.
The measured move puts the next leg up in the $400 range.
A quick look at the RSI reveals a hidden bullish divergence. My take profit is between $400-$450
Happy Trading everyone.
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Farm Breakout confirmed! GOLDENCROSS W/cup & handle breakoutcongrats to those who bought. Seems like everything is having a nice run right now though!
How do you guys like the chart art? haha
Farm // Cup & Handle Breakout PART. 3I'm putting a target based on a huge Bullish divergence on the cup I believe, and Based on depth of it.. I put a target at around 420$. Of course depends on what Bitcoin & Eth will do next.
Farm finance Triangle Breakout. PART 3Since it doesn't like to be trapped. I just decided to drop some lines down, lets see what it do xD
Farm finance Triangle Breakout: Part 2Right when I was done doing some touchups. BANG! broke out of it. Added another triangle.. BANG! Broke out of it. Added another, welp it does not like to be trapped haha...
