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Yearnfinance

YFI Is Dropped 54% And Still More Drop AheadHey friends, hope you are well and welcome to the new update on YFI token. As in my previous post, I told you even I warned that the price action of YFI token can be crashed upto 90% more. And sofar it has dropped more than 44% in USD market and 54% in Bitcoin market. Below two basic reasons were base of my prediction for the drop. 1. The formation of the head and should pattern. 2. The formation of final leg of bullish butterfly pattern was expected YFI token in USD market and in Bitcoin market as well. Formation of bullish Butterfly in USD market: Formation of bullish Butterfly in Bitcoin market: At this time it can be observed that the priceline of YFI token has last support at $4684 in US Dollar market as below: At the same time the price action of year.finance has the Last support at 0.40140 in the Bitcoin market as below: On the 12 hr chart the price action of YFI token has also formed a double top and turned more bearish. On daily chart it can be observed that the MACD is turning bearish and the Stochastic has given bear cross. And EMA 10 has formed bear cross with EMA 21. Now even though the priceline has entered in the potential reversal zone of bullish Butterfly but we can wait for EMA 10 to cross up the EMA 21 before placing our buying orders. And also wait for the indicators to give bullish signals. Conclusion: The YFI token is very strong bearish and can move more down from here but at the same time it is in the potential reversal zone of butterfly as well. Therefore we need to keep an eye on different indicators and signals carefully before placing the buying orders. Because even though the bullish Butterfly can produce upto 1600% big bullish rally but the potential reversal zone is also very wide.
Short
by moon333
YFI USDT 24H Hello friends Today we are at your service by examining the yfi currency trend. After increasing the price to 43,966, we have seen a downward trend. Who could not get out of it many times and hit the line There has been a decrease in prices. At this time, yfi is in the support area, but due to the downtrend of the market trend, we expect a downturn to the specified targets. 11113 8693 6750 But if the current support from this region returns to the upward trend, we will see an increase to the targets 15481 17700 20500 The crypto market is full of risk and opportunity. This analysis is only my personal opinion. Trade with your experience and knowledge. Thanks for sharing your opinion with me.
by CRYPTO_PAYA
2
YFII USDT 4HHello friends Today we are at your service by examining the yfiI currency trend. The YFII currency has been declining since the first day it was listed, not meeting the expectations of people who thought it would rise like an older brother.YFI YFII has had a downward trend since day one and could not get out of this trend. In the region from 1740 to 1945 there were attempts to defeat the trend but it was not approved and returned to the downtrend. In general, the market trend is downward, but in the price zone 1385 to 1297, there was good support from cows. If the market continues its downward trend Targets 1385 1297 1217 If YFII can break its downtrend line from the price of 1385, we will see the targets 1593 1740 1945 ... THE crypto market is full of risk and opportunity. This analysis is only my personal opinion. Trade with your experience and knowledge. Thanks for sharing your opinion with me.
Y
by CRYPTO_PAYA
2
Yearn Finance YFIUSDT - Elliott Wave + Descending triangle - I did Elliott Wave count and i am still missing one more wave to the downside, before pullback - Symmetrical triangle broke to the downside and currently there is an descending triangle forming on 4h/12h chart - Absolutely great buy opportunity at the bottom of the yellow trend line for a short term trade - You can enter a short position on any futures exchange. If you want more of these ideas, please hit the like button and follow me, so you don't miss any update! Also, check my signature down below ↓
Short
by UnknownUnicorn2537518
7
yearn.finance (YFI) - October 10Hello? Hello, traders. "Like" is a huge force for me. By "following" you can always get new information quickly. Thank you for always supporting me. -------------------------------------------------- ----- We have to see if there are fewer people trying to sell. We have to see if we can stop the rise in selling. We must see if we can break off the downtrend line and move above the 22000.0 point. If it does not rise above the MS-Signal indicator, it is highly likely that it will go down. Therefore, careful trading is necessary. -------------------------------------------------- ------------------------------------------- ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop-Loss point or section S: A point or segment that can be bought for generating profit as a support point or segment (Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You must trade from a short-term investment perspective.)
by readCrypto
YFII Again Rejected By Resistance | Was It A Bull Trap ???Hey friends, hope you are well and welcome to the new update on YFII token. Previously the price action broke down the support of the pennant on daily chart. But in a very next candlestick we can observe a powerful buying volume therefore while re-testing the previous support as resistance the price action of DFI.Money re-entered in pennant. Finally the price action of YFII token also broke out the resistance of this pennant. But the priceline is still below the exponential moving averages with the time period of 10 and 21. For confirmation of the change in trend from down to upside we need crossing above these EMAs 10 and 21 and a bull cross between these EMAs as well. In my previous post we have seen that on small time period 4-hour chart the priceline of YFII token broke down all simple moving averages with the time period of 25, 50, 100 and 200 and there was a big distance between all these moving averages and the candlesticks. At the moment the price action is again breaking out the 25 SMA and soon it can also breakout the other simple moving averages as well. For complete trend change from down to up we need the closing above all these SMAs. On daily chart the price line is also completing final leg of bullish Butterfly. But the priceline cannot complete this leg because if we see the trader’s interest as per volume profile of complete price action of this butterfly. Then it can be clearly observe that trader’s has no interest to trade below $800 and this can be last support as well. The priceline has also a very strong resistance at $2600. In my previous article I also mentioned this resistance and now the priceline is rejected by this resistance. So the previous short rally to the upside worked as a bull trap for many traders. However the priceline is moving with the pivot 1st support and point of control of the volume profile. Conclusion: The priceline is moving with pivot 1st support and point of control of volume profile therefore is the priceline would be moving here sideways and in the meanwhile if it will cross up the EMA 10 and 21 on daily chart and simple moving average 200 on 4 hour chart. Then it can be possible that the trend will be completely changed from down to up side. And if the volume profile will start showing interest of traders below the $800 level in coming days then more drop can be possible as well.
by moon333
2
YFI Is Ready After a wonderful short call earlier in the month I am now going long with YFI. Everything is looking nice in the market and YFI completed that head and shoulders drop of ≈ 43% There is a nice divergence with the on balance volume and I wouldn't be surprised to see that go up to the 29k mark before the month is out. IF 29k is reached one could expect to see the price of YFI move up 70% and maybe more. Have fun trading and don't forget your stops! This is not financial advice.
Long
by DoYouMine