LEND + YFI + CRV | Levels for DeFi Yield Farming Tokens 🌾🚜🐄

💬 Any cross-section of DeFi will look good due to yield farmer FOMO. However, some serious projects like LENDUSDT, YFIUSDT, CRVUSDT look especially good to us from both a TA and FA standpoint.

Yield farmers can utilize LEND's AAVE platform to farm Curve's yCRV using YFI Vaults. Meanwhile, while Curve's current chart looks a bit like how do you say 💩, the underlying Curve technology is interesting, and thus at least some of those farming yields may want to be aware of support and resistance levels not only for LEND and YFI, but for Curve as well (even if only to maximize gains from yields).

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LENDUSDT
Support:

• S1: The S/R Flip range is where the most bullish of bulls will hope to find support. There is no rule that says LEND needs to consolidate more or test lower support before running. This DeFi gem is hot and could keep moving.
  
  
• S2: Sure S1 is nice, but for a healthy uptrend there is no better support for bulls than the S2 S/R and orderblock range. This range would offer just the right amount of consolidation and could even result in a move right off the trend line.
  
  
• S3: A quick wick down to the S/R and orderblock cluster if S2 doesn't hold also makes sense. We lose bullish market structure below this, so look for S3 to save us if things get shakey.
  
  
  YFIUSDT
  
  
  Support:
  
• S1: There is only one logical place to look for support for YFI, that is this orderblock cluster at the bottom of the consolidation range. Not like other support can't be found, but one doesn't want to see too much retracement after such a run.
  
  
  Resistance:
  
• R1: The S/R flip at the previous swing high is our first resistance point.
  
  
• R2: If the bulls can take R1, then the orderblock range at the previous high is our last point of resistance before YFI's price starts putting BTC to shame.
  
  
  CRVUSDT
  
  
  Support:
  
• S1: People are farming CRV and dumping it, striping VC Curve holders of their natural resource (value). That said, bears better hope the farmers can dump below the S1 orderblock range, because there is some solid support there and the more it is tested and holds, the more it looks like a potential bottom.
  
  Resistance:
  
• R1: Everyone is likely to take profits at the orderblock at the previous high, so watch for resistance here.
  
  
• R2: A break above R1 means an uptrend could be in the works, it would be wise to look for a pullback at the S/R flip range here and consolidation on R1.
  

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Summary:
People are rushing into LEND and YFI to farm coins like CRV. As long as that gambit is playing out, we should see the current trends continue. Given that, we want to look for entries in LEND and YFI at support and cautiously dump our CRV crops at resistance. That said, Curve has some potential as an FA play, so it may be worth watching for how it reacts at support and resistance before fully dismissing it.


Resources:
defiprime.com/defi-yield-farming


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