Overview:

Bitcoin is highly overbought now. RSI on weekly chart is above 90%. We think it’s the GREED and FOMO of retail investors which is dragging BITCOIN up. We’re expecting sharp downfall in Bitcoin dominance soon.

Other Option:

There are some other opportunities which seems more attractive than Bitcoin in respect to ROI (Return on Investment). Defi is one of them. Let see DEFI INDEX PERPETUAL CHART:

In this chart, you can see the DEFI INDEX PERPETUAL chart is making BULLISH BLAG which tells us breakout on upside is coming soon.

Following is BULLISH FLAG PATTERN:

You can see the 6th wave is underway.

SIGNAL:

We recommend our readers to invest in DEFI COINS now instead of BITCOIN. Our feverote picks in DEFI are CHAINLINK (current price $10.80) , Yearn.Finance (current price $22,000) , AAVE (current price $72) and REN (current price $0.25)

YEARN FINANCE (YFI/USDT) PRICE PREDICTION

YFI usdt dropped from $32000 which was it’s neckline of Inverse Head & Shoulder Patter.

SUPPORT LEVELS: Support levels are $22000 (Weak), $20,000 (Strong) and $17,000 (Very Strong)
RESISTANCE LEVELS: Resistance levels are $25,000 (Weak), $28,000 (Strong) and $32,000 (Very Strong)

Our Opinion: Should buy at current level with 50 % of your portfolio. If drops then add 25 % at $20,000 and remaining 25% at $17,000. Target should be around $40,000