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YFI

YFI heading to find new price levels! As you can see YFI broke out its trend line and is now in search of new price levels. The trend line may become its new support level which will make YFI very bullish. However, the RSI seems to show a bit of overbought atm which is why I have added a "buy zone". IMO it's a wait for now for a pullback into the buy zone or a pullback onto the previous trendline. If YFI hits its previous trendline and bounces back up, it will be the confirmation that the trendline will become the new support level. Just an idea! ;)
Long
by tjinan
Yearn Finance / TetherUSD long idea 🚀YFI looks to be forming higher lows and higher highs, it looks like it's slowly forming into a parabola. I will be accumulating long positions on the retracement between the fibonacci levels and previous market key levels, both of which line up perfectly. It also has been forming a rounding bottom, which is bullish. The stop will be set just under 40k because of the huge buy wall there (psychological support and high demand in that zone). /!\ Disclaimer: Always do your own research, this is not financial advice, just my though process! /!\
Long
by Thimpy