FARM BTC Harvest Finance Technical Analysis

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By Frans van Elst

Harvest Finance logo In this Harvest Finance technical analysis, we will examine the current price action, trading volume, key levels and indicators for FARM-BTC. Harvest Finance (FARM) is a decentralized finance (DeFi) platform that enables users to earn rewards through staking and liquidity provision. FARM’s innovative farming mechanism allows users to generate yields on their digital assets, while its decentralized governance ensures transparency and fairness in the distribution of rewards. With a strong focus on community engagement and development, Harvest Finance is poised to revolutionize the DeFi landscape.

Harvest Finance Price Overview:

As of May 14, 2024, Harvest Finance is trading at approximately 0.00075 BTC. Let’s dive into the detailed price action for FARM-BTC:

Navigate challenges in realm of Harvest Finance (FARMBTC) at 7.51e-04 BTC with technical analysis pointing to bearish outlook and potential downturns.

Metric Value
Open (O) 0.00076
High (H) 0.00076
Low (L) 0.00075
Close (C) 0.00075
Volume (C) 0.47
  • Open (O): The opening price for today’s trading session was approximately 0.00076 BTC.
  • High (H): Harvest Finance reached a daily high of around 0.00076 BTC.
  • Low (L): The daily low for FARM-BTC was approximately 0.00075 BTC.
  • Close (C): At the time of analysis, Harvest Finance is trading near its daily close of 0.00075 BTC.
Metric Value
1D Change (%) -0.79%
3D Change (%) 1.76%
7D Change (%) -6.36%
30D Change (%) -14.95%
90D Change (%) -9.63%
YTD Change (%) -36.78%

Over the past three days, FARMBTC has risen by approximately 1.76%, showcasing increased market volatility. Throughout the last week, it continued to decrease, with a loss of around -6.36%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with FARMBTC maintaining a downward trend of approximately -14.95%, despite intermittent fluctuations. Examining the last 90 days, FARMBTC has witnessed substantial decline of approximately -9.63%, reflecting strong long-term confidence. Year-to-date, FARMBTC has steadily decreased by around -36.78%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.

Harvest Finance Live Chart:

You can access a live price chart for FARM-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.

Price Volatility and Momentum:

  • Volatility score is 0.61726.
  • Momentum score is -0.13179.

FARM BTC Technical Analysis

Harvest Finance Trading Volume:

The trading volume for Harvest Finance (FARM) over the past 24 hours has been insignificant, with approximately 0.47 BTC traded against FARM. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.

Moving Averages:

  • 50-day Simple Moving Average (SMA): FARM is currently trading below the 50-day SMA, indicating short-term bearish momentum.
  • 200-day Simple Moving Average (SMA): Harvest Finance is also trading below the 200-day SMA, indicating a negative long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for FARM-BTC is currently in the low zone, around 41.11293. This suggests that Harvest Finance is in bearish territory.

Analysis from TradingView:

Our Key Takeaways:

Harvest Finance (FARM-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.

Navigate challenges in realm of Harvest Finance (FARMBTC) at 7.51e-04 BTC with technical analysis pointing to bearish outlook and potential downturns.

Discover even more by checking out our comprehensive analysis on FARM USDT Harvest Finance Technical Analysis — a perfect follow-up if you enjoyed this post.

Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.

Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.

Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.

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