YFI / USD - Double-Top / Double-Bottom or ContinuationYFI has two possible directions here, either continuation within a bullish uptrend channel that takes us towards 60-61k, or completing its 2nd set of Head and Shoulders and forming a double-top, and creating a potential double bottom buying opportunity.
Volume has been going down while price has increased, and RSI & MACD are showing a bearish divergence, yet RSI is reaching low enough already to consider another move up while MACD is also capable of going in either direction.
Other the other hand, the BTC pairing is forming a wedge where it recently lost a support after 3 tests and a 4th break, (top horizontal yellow line) and it may head back up to re-test the bottom of that before heading down and testing the next support level (2nd line below):
Let's see what happens from here :)
YFIUSD
YFIUSDT H16: BEST Level to BUY/HOLD 100% gains(SL/TP)(NEW)Why get subbed to me on Tradingview?
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YFIUSDT H16: BEST Level to BUY/HOLD 100% gains(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: YFIUSDT 16hour chart review
::: updated/revised outlook
::: buying low still makes sense
::: chart looks good /strong
::: some resistance overhead
::: expect pullback off flip zones
::: expecting short-term pullback
::: BULLS BUY any pullback/dips
::: TP bulls +100% gains
::: BULLS get ready to BUY after pullback
::: TP bulls is +100% gains later
::: expecting a run up until +100%
::: FINAL TP is 38000 BULLS
::: recommended strategy: BUY/HOLD after pullback
::: BUY LOW 28000/21000 BUY/HOLD
::: TP BULLS +100% gains
::: SWING TRADE: BUY/HOLD IT
::: bull run not over yet
::: good luck traders!
::: SHORT and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS
::: Sentiment short-term: BEARS/PULLBACK
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
YFIUSDT (YEARN.FINANCE) - BUY ENTRY ANALYSIS 🔎
- YFIUSDT brokeout above the inverse head and shoulders neckline resistance and descending trendline resistance (DTR-1).
- The market then retraced for the retest of the neckline resistance, descending trendline resistance (DTR-1), key fibonacci retracement zone and ascending trendline support (ATS).
- The retracement was resisted by the descending trendline resistance (DTR-2).
- Price brokeout above the descending trendline resistance (DTR-2).
- This is a bullish signal.
BUY ENTRY ⬆️
- Conservative entry : breakout above the previous swing high resistance (R1).
- Aggressive entry : market price (now).
TARGETS 🎯
- Horizontal resistance level (R2).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the ascending trendline support (ATS) and previous swing low support level.
YFIUP : Targeting 2000% in 65 days #YFIUPUSDTI know it it is hard to see the Future - But is it so Difficult to Imagine it?
#YFIUPUSDT
Targeting 2000% in 65 days
Long term HODL
#YFI is the new CRYPTOKING
#Binance
<> Not a Financial Advice.
YFI Weak price action YFIUSDYFI showing little bullish action
Within a channel
A sort of head and shoulders pattern has emerged, (what I would classify as a H&S, some wouldn't)
Thick grey line is where I expect price to land, this would be the best spot to enter for a long position
First chart for YFI
yearn.finance (YFI) - March 9Hello?
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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We'll have to see if we can get support from 38079-39606 and climb above 44016.
If it falls, you need to make sure you get support in the 26467-31948 range.
If you go down at 26467, you need Stop Loss to preserve your profit and loss.
The next volatility period is around March 14th.
It remains to be seen if this volatility can rise along the uptrend line.
-------------------------------------------------- -------------------------------------------
** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for the sake of convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)
** 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 profit generation 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 transactions. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closing price when closed
G2: Cigar at the time of opening
(Example) Gap (G1-G2)
Moment of truth on $yfi 👀💰😬Pretty big resistance here + all the fibonacci confluences explained in the last $yfi post below 👇
If we break this resistance, then we fly.
For now i think it's more likely we follow the path in red.
If this 12 hours candle closes like that in 3 hours, it will print a bearish shooting star which will most likely send us to the $20K area
you can trade $yfi on FTX exchange. 5% off fees for you if you register with the links below 👇
Yfi seems in for more of a bounce 👀Price action looks like an impulse wave down from the top after completing a leading diagonal in higher timeframe.
The bounce we had after this impulse to the downside seems too short in both price and time.
I expect more of a bounce before more downside.
The green area is confluence of 1/1 wave A/C + 0.5 / 0.618 retracement form the top + resistance level from end of wave 1 to the downside.
YFIUSD: 4H Watch for confirmation of breakout or breakdownAs above.
YFI currently in a down channel and has reached the upper trend line in this channel and is at an important crossroads at least short term.
Watch out for breakout above trendline for continued uptrend or rejection for reversal and continued bearish pressure.
Would like to see volume increase as well.
Watch out for false breakouts though!
Good luck traders!
YFI/USDT : Breaking resistance zone ! BINANCE:YFIUSDT
Hello everyone 😃
YFI is breaking resistance zone with current candle.
On my side, It can't be this easy for YFI to break but it's very possible !
Volatility had bullish crossover and now, It's moving upward to limited green zone.
We expect a retest above resistance and a hold after it..
After all, It could be great to take some advantage from YFI !
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades
Yearn.Finance YFIUSD - MASSIVE BULL MARKET +1400%, Triangle!- DEFI chart is actually very bullish.
- YFI is one of the DEFI coin that is still waiting for massive breakout to the upside.
- On the daily chart we can see an ascending triangle + huge ascending channel.
- Your profit target can be top of the channel or around 50k.
- Expected duration of the trade, Stop Loss, Profit Target, Entry Price and Risk To Reward Ratio - for more information, please check my signature below ↓
- Hit "Like" & "Follow". Don't miss my upcoming updates and new ideas!
YFI/USD - $40,000 in range if bullish momentum maintains!YFI has re-tested the support of this nice ascending channel as indicated by the yellow arrows.
So long this holds, I see us moving to 40k quite soon and then possibly set a new ATH when we touch the top of this channel.
YFI is a great buy here and this is also confirmed by the YFI/BTC pair.
Indicators are curving nicely and unless the market takes a new dump, YFI is clear to reach higher levels. Bias remains bullish so long we keep this support.
Like and follow if you liked this idea! Also join my crypto community to stay in touch and watch my technical analysis videos on YouTube. :)
YFI Buy a break setup.YFIUSDT - Intraday - We look to Buy a break of 38083 (stop at 36166)
Daily signals are bullish.
Short term oscillators have turned positive.
A break of bespoke resistance at 38000, and the move higher is already underway.
Price action continued the aggressive move higher and looks for follow through buying today.
Our profit targets will be 43829 and 46888
Resistance: 38000 / 40000 / 42000
Support: 35600 / 34000 / 31500
yearn.finance (YFI) - February 26Hello?
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.
-------------------------------------------------- -----
We have to see if we can get support and climb in the 26467-31948 section.
If you fall in the 26467-31948 section, you can touch the 14927-20530 section, so you need to trade carefully.
The next volatility period is around March 14th.
-------------------------------------------------- ------------------------------------------
** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for the sake of convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)
** 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 profit generation 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 transactions. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closing price when closed
G2: Cigar at the time of opening
(Example) Gap (G1-G2)
YFI making massive new ATH's, Where to Next?YFI has made a massive new ATH by nearly 30% and is now trading right back at the previous ATH level. This can be a great sign for finding support at this level and we can see more growth to come if this level holds.
Here we can see YFI trading in either a symmetrical or a descending triangle pattern, both of which would need clear confirmation before trading because theoretically a symmetrical triangle can breakout both ways and a descending triangle breaks out to the downside most of the time.
I would like to see a breakout of the upside and once this is confirmed I would look at a retest of the pattern and support levels and ladder some long orders around the marked area.
YFI/USTD can reach to 57k - 100k ?For YFI/USDT, as I said on the channel, in case of breakout the yellow level YFI can rise to 43k - 48k - 50k , which happened very quickly and I could not publish its analysis here.
Now I think he can make a correction to the level of 40k to 43k and then move back to the retest resistance of 57k and goes to 100k.
It should be noted that the YFI / BTC chart has a positive correlation with the dollar chart, the analysis of which I published in the previous post:
YFI retested ATH breakout now SEND IT - Altseason 2021Second retest of the back then resistance that was the All Time High, now a support.
We are at a great point of LONG entry.
We can see the wedge lenght shall become the pump lenght.
Also, with Eliott Waves pattern we can predict the kind of move is to be done, in 5 wave impulse
then an ABC correction.
Overall, I see the top near 80k in the next 4 to 6 weeks.
Trade safe and dont forget the Stop Loss!