YFI
[DAY] Elliott Waves Forecast for YFIBTCYFIBTC shows a very distinct ABCDE pattern that started on Sept 12th 2020 and ended on Feb 9th
The pair is now bullish with 5 waves swing completed on Feb 12th
Now the question remains whether the correction ended or whether we are in a B that will be followed by a C towards the 0.77 level
I prefer the second scenario considering the current choppiness of the market
At contrary if the previous high is overtaken, it would be a strong buy signal
The mid term/long term target is not well defined but in any scenario it would be of course higher than the major A
See further updates in comment section
Yfi/USDT - Exiting the Triangle - Where Will the Price Go?Yfi/USDT - Exiting the Triangle - Where Will the Price Go?
- Write your answer in the comment.
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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.
YFIUSDTHello to you all. Mars Signals team wishes you high profits at all times.
YFI is in a bullish triangle but as it goes out of the triangle, it can experience higher prices provided it can go past the resistances on its way.
The other possibility would be that it will start ranging inside this triangle and then resume its uptrend.
If the price goes out of the triangle it can touch higher prices which can be counted as a buy signal.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
💡 Don't miss the great buy opportunity in YFIUSDTTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (40056.5). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. YFIUSDT is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 50.
Take Profits:
TP1= @ 44823.0
TP2= @ 47153.0
TP3= @ 50044.0
TP4= @ 52807.5
TP5= @ 56637.0
TP6= @ 61747.0
SL= Break below S2
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💡 Don't miss the great buy opportunity in YFIUSDTTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (40056.5). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. YFIUSDT is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 50.
Take Profits:
TP1= @ 44823.0
TP2= @ 47153.0
TP3= @ 50044.0
TP4= @ 52807.5
TP5= @ 56637.0
TP6= @ 61747.0
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
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: