YFIUSD
YFI Descending Channel/WedgeYearn.Finance needs to break out at around 21k and hold that finding support around 21.6k as this was support a few weeks ago until we broke it. If we
don't break above above 21k within the next few hours, we are most likely going to see it fall down testing around the 18k levels and if we break that, then it will be going much lower.
Head and Shoulders Forming on YFIChart is self explanatory. If it breaks out of the right shoulder and holds a few days, the pattern is invalidated. However if it breaks below the neckline and holds for 1-2 days, we are going to tank to the lower support. RSI is the only potentially positive thing which shows room to the upside, but could still fall through the floor. Not investment advise just archiving my thoughts.
Yearn Finance YFI - Symmetrical triangleWe are currently in this symmetrical triangle, the price creates higher low => uptrend is intact.
The red trend line can be very useful in the future, because you can sell/short when the time comes.
Bottom trend line really should hold for smooth continuation of the trend to the upside. Else this symmetrical triangle can become an descending triangle, which is bearish.
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Is YFI continue downtrending?Take a look. We may be forming a possible H&S as Simon said
The short position will only be indicated if we drop below that level and starts an accumulation pattern
The first target will be the 0.382 Fibonacci retracement level
YFI/BTC (Key Area of Support Retest?)💎Technical Analysis Summary💎
BINANCE: YFIBTC
-YFI unable to break the 3 BTC resistance area
-It is now going back to a previous key area of support
-With this, we can see a potential Bearish H&S pattern
-If you are looking to play Short position
-I recommend to Sell once the key support failed
-The downside target is 1.4s BTC range
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YFIUSD bearish patternIn this analysis, I found 2 bearish pattern at YFI
1. Head and shoulders perform with neckline at 21819. If this neckline break down, bearish target at 4295
2. ABCD Fibonacci pattern also perform with right shoulders as C point. This pattern projection at fibonacci 1.618 at 11563
Tell me your opinion
Short term bearish if THIS level breaksThe current situation:
1. Since the reversal, price action has reversed and got rejected at about the 0.618 Fib level and has not been able to close back up above the the 0.5 Fib level at about 32K. Currently, a head and shoulders pattern is apparent on the hourly chart. Breaking the neckline at about 28.6K will indicate the bearish pattern is playing out and the measured target is at about 23K. Do mind that the measured target may or may not be reached.
2. Daily candle does currently signal strong seller strength with with high volume, seeing how today's candle closes will be important.
The bullish case: price action does need at least an hourly close above the 0.5 Fib level at about 32K to negate the head and shoulders pattern.
The bearish case: price action breaks down below the neckline, under which there are still quite a few moving averages acting as support and may or may not on one of them.
*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
*These are purely my speculations and not financial advice. You should always do your own due diligence before trading or investing.
YFI may go up from here..when bitcoin's dominance is moving up fast and we have a bearish market it isn't seems right to analysis altcoins like this one but anyway i tried to find out what will happen to yfi for practice..i have two scenario according to bitcoin's move, if BTC continue correction i expect RED ARROW's path so it will support on 16800 and if btc stop correction i will wait for the GREEN ARROW's path and a bullish move to 34k...(also can you see possible head & shoulder like me?)
and btw i'm writing a guide for read my chart below:
YELLOW VERTICAL LINES are possible timelines those are where i think waves can start or end..
BLACK LINES are resistance and supports that i got from GANN tools..
ORANGE LINES are fibbonacci retracement
GREEN and RED zones are where we have powerful support...
everything else is clear i guess...
note that this chart is a practice I'M NOT TRADING in this market right now please don't consider this as a financial advice
please like and comment if you're agree with me
yearn.finance (YFI) - September 27Hello?
Dear traders, nice to meet you.
"Like" is a huge force for me.
By "following" you can always get new information quickly.
Thank you for always supporting me.
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You need to make sure you can get support at point 31836.97320.
If it falls, we need to make sure it is supported at 27324.97824.
If you fall from the uptrend line (1), I think you need to trade to preserve profit and loss.
It remains to be seen if it can rise above 39898.86000 points around October 1.
Every support and resistance point or segment is very weak, so we think careful trading is necessary.
Therefore, new investments are not recommended.
It is expected that if you check the flow with interest as a coin belonging to the side with a large volume of DeFi coins, it is expected that it will be helpful in understanding the flow of the coin market, so it was posted.
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(OKEX YFIUSDT 1D Chart)
We have to see if we can sideways on the 28908.8-32585.1 section.
It remains to be seen if it falls below the 27658.9 point around October 2.
We also need to see if we get support at 27658.9 and move up the short-term uptrend line.
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I think it is the period of volatility from September 21st to October 1st.
Therefore, I think 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.)
Reversal in progress how far will it go?The current situation:
1. On the 12HR chart, price action has formed an inverse head and shoulders with a measured target of 33K USD. Currently, it is at about 30.3K and price action has formed an ascending triangle with a measured target of almost 33K as well. The 0.5 Fib level is currently seen as resistance as there is no other major moving averages above the price action.
2. On the 12HR chart, it is also apparent that buyer volume is still increasing with higher price action. This is a good sign that buyer strength has not slowed down yet and higher price action is possible.
3. Some pretty high readings on the 1HR and 4HR RSI as their last high was close to or above 70. This should be paid attention to as bearish divergence is possible and can prompt a pullback.
*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
*These are purely my speculations and not financial advice. You should always do your own due diligence before trading or investing.
YFIUSDTbreakout!!
first target=30500 right at the 0.618 fibonacci retracement level
dont forget stop loss
YFI Bullish once again after strong selloff!YFI is currently sitting in ascending triangle bullish formation.
I am bullish on BTC, as you can see in my yesterday analysis
My goal is TP3, but I will keep you updated.
This should go well as ussual!
Tibor
Yearn.finance Technical Analysis: YFI rebound to $25,000 remains
Yearn.finance refreshes support at $20,000 but rebounds towards $22,000.
On-chain data predicts increased selling pressure towards $25,000.
Yearn.finance saw the rebound predicted at the beginning of the week invalidated after failing to close above the 50 Simple Moving Average (SMA) in the 4-hour range. The rebound came into the picture following the formation of a double-bottom pattern. Support at $22,000 failed to hold, paving the way for declines that later tested the next demand zone at $20,000.
Meanwhile, a shallow recovery has pulled YFI above $21,000 and could retake the support at $22,000 anytime soon. Yearn.finance is trading within a parallel descending channel, whose support has been instrumental in keeping the bears in check.
On the upside, a breakout is expected to come into the picture, especially if the recovery continues above $24,000. The ongoing momentum is highlighted by the Relative Strength Index (RSI). The indicator shows how strong a particular trend is (either up or down) and whether an asset is overbought or oversold. If the RSI sustains upward movement beyond 40 and towards the midline, more buyers would be encouraged to join the market and capitalize on the expected breakout from the descending channel.
According to IntoTheBlock’s IOMAP, the path ahead of YFI is not a walk in the park. Particularly, the toughest resistance zone lies between $23,978 and $24,659. The model highlights that 64 addresses previously purchased 1,930 YFI in the range.
On the downside, it essential for traders to be aware of the lack of a formidable support area. The zone between $20,064 and $19,383 remains to be the most significant support. Here, 197 addresses previously bought around 65 YFI tokens. With that in mind, we can tell that losses are not out of the picture and it is important to proceed with caution.
YFI Intraday Levels
Spot rate: 21,900
Percentage change: 3.57%
Relative change: 776
Trend: Bullish
Volatility: Expanding
Yearn.finance Price Prediction: YFI Has A Clear Path To $40,000
Yearn.finance freefalls to $21,455 after support at $28,000 failed to hold.
YFI turns bullish bringing into the picture the impact of a double-bottom pattern.
Yearn.finance is bleeding, just like many other cryptocurrencies in the market on Tuesday. A bearish wave on Monday swept across the market, further increasing the sell signals that have continued to linger in the last couple of weeks. Note that YFI traded all-time highs of $44,000 before embarking on a gains-trimming exercise. There have been multiple attempts to keep the DeFi token above $30,000 but selling pressure was just too great for the bulls to bear.
The most expensive cryptoasset hit below other tentative support areas including $28,000 and $24,000. The last blow on Monday extended the bearish leg toward $20,000 but a weekly low was traded at $21,455.
At the time of writing, YFI has resumed the uptrend and is trading above $24,000. The gains come following the impact of a double bottom pattern. This pattern is used in technical analysis to identify strong demand zones where a reversal is likely to begin following an extended breakdown. Double-bottom patterns tend to provide an estimated target to the upside.
In this case, Yearn.finance is likely to rally above $30,000 and even draw closer to the critical $40,000 level. Its bullish case is supported by the Relative Strength Index (RSI) as it recovers above the oversold.
In addition, IntoTheBlock IOMAP shows that the path to the north is relatively smooth but a strong resistance should be expected at $27,169 - $27,893. On the flip side, support is not strong enough, hence the chances of YFI retuning to $20,000 remain high. Therefore, buyers must work the bullish case through to avoid a devastating slide to levels around $20,000.
Yearn.finance Intraday Levels
Spot rate: $24,715
Relative change: 770
Percentage change: 3.30%
Trend: Bullish
Volatility: Expanding
YFI | breaking the bullish canal downwards, and consolidatingYFI has broken the bullish canal that it has been. This is a big sell sign. However, since it is holding onto the support level below the canal so far, this breakout can be a fake one. In the case of YFI holding onto this support level, it is likely that it will go back to the bullish canal and make a new higher high. The current level is also a strong Fibonacci level, making this support level even more valuable.
In the case of this support line braking downwards, the analysis will be very bearish.
YFI/BTC (Trading Inside a Descending Channel)BINANCE: YFIBTC
-YFI is trading inside a descending channel with a series of LH and LL
-If the price keeps respecting this channel, it may retest the key support at 2 BTC
-I recommend waiting for the price reaches key areas or until the channel is broken
-A drop to 2 BTC is more than -20% so let's wait and see how the market will react below
``````````````````````````````````````````````
Trading Involves High Risk
Not Financial Advice
Please Exercise Risk Management
``````````````````````````````````````````````
If You Like My Daily Published Ideas
A little Help By Supporting My Channel
Through Leaving A Thumbs Up, Comment & Follow
Happy Trading! --> Thank You! :)
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YFIUSDT ANALYSIS
THIS IS NOT AN INVESTMENT PROPOSAL. My personal opinion. If you find this useful and want more guesses. don't forget to follow. Press the Like button. Leave your feedback to us in the comments section! Thank you very much for your support. Let us know how you see this opportunity and forecast in the comments.
YFI in a 6-Day 🐂 Flag!YFI is in a Bullish flag that is about to retest the downtrend line of the flag, roughly testing $38.250 - 13%
If the downtrend line breaks, I expect a peek at least to $42.000, so that can be the second TP - 24%.
IF the price of YFI breaks the $42.000, I expect to rise all the way to $45.000 (33%) and if this level is also broken, maybe even $50.000 (47%).
RSI has found support and is forming new higher high.
MACD is giving first tick of buying wave.
Price found support at 200EMA.
We are in a 6-day bullish pattern called Bull Flag .
The setup is invalid if the price breaks below $29.000, that would mean over 10% loss.
And remember not to get too greedy, there are many other good alt coin trade opportunities.
All the best!
Tibor
