{"id":438657,"date":"2020-09-16T17:00:09","date_gmt":"2020-09-16T17:00:09","guid":{"rendered":"https:\/\/wncen.com\/?p=438657"},"modified":"2020-09-16T17:51:25","modified_gmt":"2020-09-16T17:51:25","slug":"defi-darlings-chainlink-binance-coin-yearn-finance-plunge-10","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/defi-darlings-chainlink-binance-coin-yearn-finance-plunge-10\/","title":{"rendered":"DeFi Darlings Chainlink, Binance Coin, Yearn.Finance Plunge Over 10%"},"content":{"rendered":"<p><a href=\"https:\/\/wncen.com\/2020\/09\/15\/did-bitcoin-just-confirm-its-largest-reversal-pattern-in-history\/\">Bitcoin is surging<\/a> but the rest of the crypto space isn&#8217;t following its lead this time around. Instead, many of the DeFi darlings that led the last bullish impulse, have fallen 10% or more in the last 24 hours. What&#8217;s going on with the previously parabolic Chainlink, Yearn.Finance, and Binance Coin? Here&#8217;s the good, the bad, and the ugly when it comes to these DeFi tokens and their short-term fate.<\/p>\n<h2>The Good: Yearn.Finance Ready To Fly If Footing Can Be Found<\/h2>\n<p><a href=\"https:\/\/wncen.com\/2020\/09\/11\/yfi-reclaims-support-post-coinbase-listing-new-all-time-highs-in-sight\/\">Yearn.Finance<\/a> is one of those magical success stories that comes one only every so often in the crypto market. The asset launched sub-$5,000 but has since more than doubled Bitcoin&#8217;s peak price of $20,000.<\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/wncen.com\/2020\/09\/13\/binance-coin-bnb-sees-parabolic-rise-as-popularity-of-binance-chain-grows\/\">Binance Coin (BNB) Sees Parabolic Rise as Popularity of Binance Chain Grows<\/a><\/strong><\/em><\/p>\n<p>Today, it remains far more expensive than the top cryptocurrency, and while BTC did absorb capital from the 10% YFI drop, <a href=\"https:\/\/wncen.com\/2020\/09\/11\/yfi-reclaims-support-post-coinbase-listing-new-all-time-highs-in-sight\/\">support is currently holding<\/a> \u2013 both horizontally and at the middle Bollinger Band. Holding here could send Yearn.Finance back to retest highs and then some.<\/p>\n<p><img data-recalc-dims=\"1\" height=\"860\" width=\"860\" decoding=\"async\" class=\"size-large wp-image-438659 aligncenter\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/09\/yfiusd.png?fit=860%2C860\" alt=\"yfiusd yearn.finance\" loading=\"lazy\"><\/p>\n<pre style=\"text-align: center\">Yearn.Finance Daily 10% Drop To Support &amp; Bollinger Bands | Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/YFIUSD\/\" rel=\"nofollow\">TradingView<\/a><\/pre>\n<h2>The Bad: Binance Coin Holding Support, But Reversal Signal Storm Cloud Hangs<\/h2>\n<p>Binance Coin appears to be at an impasse, <a href=\"https:\/\/wncen.com\/2020\/09\/15\/binance-coin-jumps-17-rally-by-mid-september-could-it-hit-40\/\">where bulls are putting up a fight<\/a> but bears just dealt a potentially deadly blow.<\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/wncen.com\/2020\/09\/02\/chainlink-monthly-finish-flashes-grand-finale-sell-signals\/\">Chainlink Monthly Finish Flashes Grand Finale Sell Signals<\/a><\/strong><\/em><\/p>\n<p>An <a href=\"https:\/\/wncen.com\/topic\/japanese-candlestick-patterns\/\">evening star pattern<\/a> may have formed at the top of the recent uptrend \u2013 which would be a strong reversal signal. However, support from the February 2020 high in Binance Coin is currently holding up well, despite the 10% intraday drop and potential rejection.<\/p>\n<p><img data-recalc-dims=\"1\" height=\"860\" width=\"860\" decoding=\"async\" class=\"size-large wp-image-438662 aligncenter\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/09\/bnbusd-1.png?fit=860%2C860\" alt=\"bnbusd binance coin\" loading=\"lazy\"><\/p>\n<pre style=\"text-align: center\">Binance Coin Daily 10% Drop To Support &amp; Evening Star | Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BNBUSD\/\" rel=\"nofollow\">TradingView<\/a><\/pre>\n<h2>The Ugly: Chainlink Trend Turns Bearish On Daily Timeframes, Trend Line At Risk<\/h2>\n<p>Chainlink&#8217;s chances of holding up are less likely, according to the <a href=\"https:\/\/wncen.com\/topic\/how-to-gauge-trend-strength\/\">Average Directional Index<\/a>. The tool successfully marked when LINKUSD&#8217;s bullish impulse kicked into high gear, and then again when it surprised everyone and went even further upward. Now its flipped bearish and the trend is strengthening.<\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/wncen.com\/2020\/09\/11\/yfi-reclaims-support-post-coinbase-listing-new-all-time-highs-in-sight\/\">Yearn.Finance Reclaims Support Post Coinbase Listing, New All-Time Highs In Sight<\/a><\/strong><\/em><\/p>\n<p>Several supports have also been lost on the way back down, and all that remains is an uptrend line that&#8217;s in grave danger of leaving Chainlink <a href=\"https:\/\/wncen.com\/2020\/09\/02\/chainlink-monthly-finish-flashes-grand-finale-sell-signals\/\">exposed to a deeper correction<\/a>.<\/p>\n<p><img data-recalc-dims=\"1\" height=\"860\" width=\"860\" decoding=\"async\" class=\"size-large wp-image-438661 aligncenter\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/09\/linkusd-1.png?fit=860%2C860\" alt=\"linkusd chainlink\" loading=\"lazy\"><\/p>\n<pre style=\"text-align: center\">Chainlink Daily 10% Drop Below Support &amp; Average Directional Index | Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/LINKUSD\/\" rel=\"nofollow\">TradingView<\/a><\/pre>\n<p>As for what&#8217;s driving the bearish sell pressure on these tokens \u2013 Chainlink, Yearn.Finance, and Binance Coin \u2013 could be a number of factors. For one, sentiment surrounding the swap craze <a href=\"https:\/\/wncen.com\/2020\/09\/12\/article-defi-ethereum-sushiswap-bloomberg-terminals\/\">has turned extremely negative<\/a> and investors could be less blinded now that the bubble is bursting.<\/p>\n<p>Or perhaps Bitcoin holding support at $10,000 has prompted profit-taking from altcoins back into BTC. <a href=\"https:\/\/wncen.com\/2020\/09\/15\/how-one-line-in-bitcoin-dominance-is-standing-in-the-way-of-alt-season\/\">Bitcoin dominance could potentially be bottoming<\/a>, and the recent bleed from these DeFi darlings could just be the start of the carnage to come.<\/p>\n<pre>Featured image from DepositPhotos, Charts from TradingView<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin is surging but the rest of the crypto space isn&#8217;t following its lead this time around. Instead, many of the DeFi darlings that led the last bullish impulse, have fallen 10% or more in the last 24 hours. What&#8217;s going on with the previously parabolic Chainlink, Yearn.Finance, and Binance Coin? Here&#8217;s the good, the bad, and the ugly when it comes to these DeFi tokens and their short-term fate. The Good: Yearn.Finance Ready To Fly If Footing Can Be Found Yearn.Finance is one of those magical success stories that comes one only every so often in the crypto market. The asset launched sub-$5,000 but has since more than doubled Bitcoin&#8217;s peak price of $20,000. Related Reading | Binance Coin (BNB) Sees Parabolic Rise as Popularity of Binance Chain Grows Today, it remains far more expensive than the top cryptocurrency, and while BTC did absorb capital from the 10% YFI drop, support is currently holding \u2013 both horizontally and at the middle Bollinger Band. Holding here could send Yearn.Finance back to retest highs and then some. Yearn.Finance Daily 10% Drop To Support &amp; Bollinger Bands | Source: TradingView The Bad: Binance Coin Holding Support, But Reversal Signal Storm Cloud Hangs Binance Coin appears to be at an impasse, where bulls are putting up a fight but bears just dealt a potentially deadly blow. Related Reading | Chainlink Monthly Finish Flashes Grand Finale Sell Signals An evening star pattern may have formed at the top of the recent uptrend \u2013 which would be a strong reversal signal. However, support from the February 2020 high in Binance Coin is currently holding up well, despite the 10% intraday drop and potential rejection. Binance Coin Daily 10% Drop To Support &amp; Evening Star | Source: TradingView The Ugly: Chainlink Trend Turns Bearish On Daily Timeframes, Trend Line At Risk Chainlink&#8217;s chances of holding up are less likely, according to the Average Directional Index. The tool successfully marked when LINKUSD&#8217;s bullish impulse kicked into high gear, and then again when it surprised everyone and went even further upward. Now its flipped bearish and the trend is strengthening. Related Reading | Yearn.Finance Reclaims Support Post Coinbase Listing, New All-Time Highs In Sight Several supports have also been lost on the way back down, and all that remains is an uptrend line that&#8217;s in grave danger of leaving Chainlink exposed to a deeper correction. Chainlink Daily 10% Drop Below Support &amp; Average Directional Index | Source: TradingView As for what&#8217;s driving the bearish sell pressure on these tokens \u2013 Chainlink, Yearn.Finance, and Binance Coin \u2013 could be a number of factors. For one, sentiment surrounding the swap craze has turned extremely negative and investors could be less blinded now that the bubble is bursting. Or perhaps Bitcoin holding support at $10,000 has prompted profit-taking from altcoins back into BTC. Bitcoin dominance could potentially be bottoming, and the recent bleed from these DeFi darlings could just be the start of the carnage to come. Featured image from DepositPhotos, Charts from TradingView<\/p>\n","protected":false},"author":517,"featured_media":438670,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651,3,4],"tags":[134,13291,428,79546,79524,79611,1119,1144,78790,16295,6664,54512,75941,75940,79480,4524,76835,79664,79667,79666,81710],"class_list":["post-438657","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-news","category-analysis","tag-altcoin","tag-binance-coin","tag-bitcoin","tag-bnbbtc","tag-bnbusd","tag-bnbusdt","tag-btc","tag-btcusd","tag-btcusdt","tag-chainlink","tag-crypto","tag-defi","tag-linkbtc","tag-linkusd","tag-linkusdt","tag-xbt","tag-xbtusd","tag-yfi","tag-yfibtc","tag-yfiusd","tag-yfiusdt"],"acf":[],"yoast_head":"\n<title>DeFi Darlings Chainlink, Binance Coin, Yearn.Finance Plunge Over 10%<\/title>\n<meta name=\"description\" content=\"What&#039;s going on with the previously parabolic Chainlink, Yearn.Finance, and Binance Coin? And why have these DeFi darlings suddenly dropped?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/defi-darlings-chainlink-binance-coin-yearn-finance-plunge-10\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DeFi Darlings Chainlink, Binance Coin, Yearn.Finance Plunge Over 10%\" \/>\n<meta property=\"og:description\" content=\"What&#039;s going on with the previously parabolic Chainlink, Yearn.Finance, and Binance Coin? And why have these DeFi darlings suddenly dropped?\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/defi-darlings-chainlink-binance-coin-yearn-finance-plunge-10\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2020-09-16T17:00:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-09-16T17:51:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/09\/defi-darlings-yearn.finance-chainlink-binance-coin-crypto-Depositphotos_298180166_xl-2015-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1619\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tony &quot;El Toro&quot; Severino\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/tonythebullBTC\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tony &quot;El Toro&quot; Severino\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/defi-darlings-chainlink-binance-coin-yearn-finance-plunge-10\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/defi-darlings-chainlink-binance-coin-yearn-finance-plunge-10\/\"},\"author\":{\"name\":\"Tony \\\"El Toro\\\" Severino\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d\"},\"headline\":\"DeFi Darlings Chainlink, Binance Coin, Yearn.Finance Plunge Over 10%\",\"datePublished\":\"2020-09-16T17:00:09+00:00\",\"dateModified\":\"2020-09-16T17:51:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/defi-darlings-chainlink-binance-coin-yearn-finance-plunge-10\/\"},\"wordCount\":467,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/defi-darlings-chainlink-binance-coin-yearn-finance-plunge-10\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/09\/defi-darlings-yearn.finance-chainlink-binance-coin-crypto-Depositphotos_298180166_xl-2015-scaled.jpg?fit=2560%2C1619\",\"keywords\":[\"altcoin\",\"Binance Coin\",\"bitcoin\",\"bnbbtc\",\"BNBUSD\",\"bnbusdt\",\"btc\",\"btcusd\",\"BTCUSDT\",\"chainlink\",\"crypto\",\"DeFi\",\"LINKBTC\",\"LINKUSD\",\"linkusdt\",\"xbt\",\"xbtusd\",\"yfi\",\"yfibtc\",\"yfiusd\",\"yfiusdt\"],\"articleSection\":[\"Bitcoin\",\"Cryptocurrency Market News\",\"Technical analysis\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/defi-darlings-chainlink-binance-coin-yearn-finance-plunge-10\/\",\"url\":\"https:\/\/wncen.com\/news\/defi-darlings-chainlink-binance-coin-yearn-finance-plunge-10\/\",\"name\":\"DeFi Darlings Chainlink, Binance Coin, Yearn.Finance Plunge Over 10%\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/defi-darlings-chainlink-binance-coin-yearn-finance-plunge-10\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/defi-darlings-chainlink-binance-coin-yearn-finance-plunge-10\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/09\/defi-darlings-yearn.finance-chainlink-binance-coin-crypto-Depositphotos_298180166_xl-2015-scaled.jpg?fit=2560%2C1619\",\"datePublished\":\"2020-09-16T17:00:09+00:00\",\"dateModified\":\"2020-09-16T17:51:25+00:00\",\"description\":\"What's going on with the previously parabolic Chainlink, Yearn.Finance, and Binance Coin? And why have these DeFi darlings suddenly dropped?\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/defi-darlings-chainlink-binance-coin-yearn-finance-plunge-10\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/defi-darlings-chainlink-binance-coin-yearn-finance-plunge-10\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/defi-darlings-chainlink-binance-coin-yearn-finance-plunge-10\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/09\/defi-darlings-yearn.finance-chainlink-binance-coin-crypto-Depositphotos_298180166_xl-2015-scaled.jpg?fit=2560%2C1619\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/09\/defi-darlings-yearn.finance-chainlink-binance-coin-crypto-Depositphotos_298180166_xl-2015-scaled.jpg?fit=2560%2C1619\",\"width\":2560,\"height\":1619,\"caption\":\"Missed business opportunity and earnings miss concept and unsuccessful financial idea and business failure metaphor as a 3D illustration.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/defi-darlings-chainlink-binance-coin-yearn-finance-plunge-10\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"DeFi Darlings Chainlink, Binance Coin, Yearn.Finance Plunge Over 10%\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin &amp; Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d\",\"name\":\"Tony \\\"El Toro\\\" Severino\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/129b75c18bdea8b048f1d7d526df61d7?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/129b75c18bdea8b048f1d7d526df61d7?s=96&d=mm&r=g\",\"caption\":\"Tony \\\"El Toro\\\" Severino\"},\"description\":\"Tony \\\"The Bull\\\" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market. A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony\u2019s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements. Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders. His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics. Tony\u2019s nickname, \\\"The Bull,\\\" aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice. In summary, Tony \\\"The Bull\\\" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.\",\"sameAs\":[\"https:\/\/coinchartist.io\/\",\"https:\/\/www.instagram.com\/coinchartist_io\/\",\"https:\/\/x.com\/https:\/\/twitter.com\/tonythebullBTC\",\"https:\/\/www.youtube.com\/@coinchartist_io\"],\"url\":\"https:\/\/wncen.com\/author\/tonymspilotro\/\"}]}<\/script>\n","yoast_head_json":{"title":"DeFi Darlings Chainlink, Binance Coin, Yearn.Finance Plunge Over 10%","description":"What's going on with the previously parabolic Chainlink, Yearn.Finance, and Binance Coin? And why have these DeFi darlings suddenly dropped?","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/news\/defi-darlings-chainlink-binance-coin-yearn-finance-plunge-10\/","og_locale":"en_US","og_type":"article","og_title":"DeFi Darlings Chainlink, Binance Coin, Yearn.Finance Plunge Over 10%","og_description":"What's going on with the previously parabolic Chainlink, Yearn.Finance, and Binance Coin? And why have these DeFi darlings suddenly dropped?","og_url":"https:\/\/wncen.com\/news\/defi-darlings-chainlink-binance-coin-yearn-finance-plunge-10\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2020-09-16T17:00:09+00:00","article_modified_time":"2020-09-16T17:51:25+00:00","og_image":[{"width":2560,"height":1619,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/09\/defi-darlings-yearn.finance-chainlink-binance-coin-crypto-Depositphotos_298180166_xl-2015-scaled.jpg","type":"image\/jpeg"}],"author":"Tony \"El Toro\" Severino","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/tonythebullBTC","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Tony \"El Toro\" Severino","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/defi-darlings-chainlink-binance-coin-yearn-finance-plunge-10\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/defi-darlings-chainlink-binance-coin-yearn-finance-plunge-10\/"},"author":{"name":"Tony \"El Toro\" Severino","@id":"https:\/\/wncen.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d"},"headline":"DeFi Darlings Chainlink, Binance Coin, Yearn.Finance Plunge Over 10%","datePublished":"2020-09-16T17:00:09+00:00","dateModified":"2020-09-16T17:51:25+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/defi-darlings-chainlink-binance-coin-yearn-finance-plunge-10\/"},"wordCount":467,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/defi-darlings-chainlink-binance-coin-yearn-finance-plunge-10\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/09\/defi-darlings-yearn.finance-chainlink-binance-coin-crypto-Depositphotos_298180166_xl-2015-scaled.jpg?fit=2560%2C1619","keywords":["altcoin","Binance Coin","bitcoin","bnbbtc","BNBUSD","bnbusdt","btc","btcusd","BTCUSDT","chainlink","crypto","DeFi","LINKBTC","LINKUSD","linkusdt","xbt","xbtusd","yfi","yfibtc","yfiusd","yfiusdt"],"articleSection":["Bitcoin","Cryptocurrency Market News","Technical analysis"],"inLanguage":"en-US","copyrightYear":"2020","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/defi-darlings-chainlink-binance-coin-yearn-finance-plunge-10\/","url":"https:\/\/wncen.com\/news\/defi-darlings-chainlink-binance-coin-yearn-finance-plunge-10\/","name":"DeFi Darlings Chainlink, Binance Coin, Yearn.Finance Plunge Over 10%","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/defi-darlings-chainlink-binance-coin-yearn-finance-plunge-10\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/defi-darlings-chainlink-binance-coin-yearn-finance-plunge-10\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/09\/defi-darlings-yearn.finance-chainlink-binance-coin-crypto-Depositphotos_298180166_xl-2015-scaled.jpg?fit=2560%2C1619","datePublished":"2020-09-16T17:00:09+00:00","dateModified":"2020-09-16T17:51:25+00:00","description":"What's going on with the previously parabolic Chainlink, Yearn.Finance, and Binance Coin? And why have these DeFi darlings suddenly dropped?","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/defi-darlings-chainlink-binance-coin-yearn-finance-plunge-10\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/defi-darlings-chainlink-binance-coin-yearn-finance-plunge-10\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/defi-darlings-chainlink-binance-coin-yearn-finance-plunge-10\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/09\/defi-darlings-yearn.finance-chainlink-binance-coin-crypto-Depositphotos_298180166_xl-2015-scaled.jpg?fit=2560%2C1619","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/09\/defi-darlings-yearn.finance-chainlink-binance-coin-crypto-Depositphotos_298180166_xl-2015-scaled.jpg?fit=2560%2C1619","width":2560,"height":1619,"caption":"Missed business opportunity and earnings miss concept and unsuccessful financial idea and business failure metaphor as a 3D illustration."},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/defi-darlings-chainlink-binance-coin-yearn-finance-plunge-10\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"DeFi Darlings Chainlink, Binance Coin, Yearn.Finance Plunge Over 10%"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin &amp; Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/5322c9a09a6f19804bb578de17556a1d","name":"Tony \"El Toro\" Severino","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/129b75c18bdea8b048f1d7d526df61d7?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/129b75c18bdea8b048f1d7d526df61d7?s=96&d=mm&r=g","caption":"Tony \"El Toro\" Severino"},"description":"Tony \"The Bull\" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market. A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony\u2019s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements. Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders. His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics. Tony\u2019s nickname, \"The Bull,\" aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice. In summary, Tony \"The Bull\" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.","sameAs":["https:\/\/coinchartist.io\/","https:\/\/www.instagram.com\/coinchartist_io\/","https:\/\/x.com\/https:\/\/twitter.com\/tonythebullBTC","https:\/\/www.youtube.com\/@coinchartist_io"],"url":"https:\/\/wncen.com\/author\/tonymspilotro\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"DeFi Darlings Chainlink, Binance Coin, Yearn.Finance Plunge Over 10%","url":"http:\/\/wncen.com\/news\/defi-darlings-chainlink-binance-coin-yearn-finance-plunge-10\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/defi-darlings-chainlink-binance-coin-yearn-finance-plunge-10\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/09\/defi-darlings-yearn.finance-chainlink-binance-coin-crypto-Depositphotos_298180166_xl-2015-scaled.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/09\/defi-darlings-yearn.finance-chainlink-binance-coin-crypto-Depositphotos_298180166_xl-2015-scaled.jpg?fit=2560%2C1619"},"articleSection":"Bitcoin","author":[{"@type":"Person","name":"Tony \"El Toro\" Severino"}],"creator":["Tony \"El Toro\" Severino"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoin","binance coin","bitcoin","bnbbtc","bnbusd","bnbusdt","btc","btcusd","btcusdt","chainlink","crypto","defi","linkbtc","linkusd","linkusdt","xbt","xbtusd","yfi","yfibtc","yfiusd","yfiusdt"],"dateCreated":"2020-09-16T17:00:09Z","datePublished":"2020-09-16T17:00:09Z","dateModified":"2020-09-16T17:51:25Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"DeFi Darlings Chainlink, Binance Coin, Yearn.Finance Plunge Over 10%\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/defi-darlings-chainlink-binance-coin-yearn-finance-plunge-10\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/defi-darlings-chainlink-binance-coin-yearn-finance-plunge-10\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/09\\\/defi-darlings-yearn.finance-chainlink-binance-coin-crypto-Depositphotos_298180166_xl-2015-scaled.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/09\\\/defi-darlings-yearn.finance-chainlink-binance-coin-crypto-Depositphotos_298180166_xl-2015-scaled.jpg?fit=2560%2C1619\"},\"articleSection\":\"Bitcoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Tony \\\"El Toro\\\" Severino\"}],\"creator\":[\"Tony \\\"El Toro\\\" Severino\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoin\",\"binance coin\",\"bitcoin\",\"bnbbtc\",\"bnbusd\",\"bnbusdt\",\"btc\",\"btcusd\",\"btcusdt\",\"chainlink\",\"crypto\",\"defi\",\"linkbtc\",\"linkusd\",\"linkusdt\",\"xbt\",\"xbtusd\",\"yfi\",\"yfibtc\",\"yfiusd\",\"yfiusdt\"],\"dateCreated\":\"2020-09-16T17:00:09Z\",\"datePublished\":\"2020-09-16T17:00:09Z\",\"dateModified\":\"2020-09-16T17:51:25Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/09\/defi-darlings-yearn.finance-chainlink-binance-coin-crypto-Depositphotos_298180166_xl-2015-scaled.jpg?fit=2560%2C1619","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/438657"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/517"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=438657"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/438657\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/438670"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=438657"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=438657"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=438657"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}