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YFI

YFIUSDT may re-test $20K supportHi friends, hope you are well and welcome to new update on YFI token. Priceline moving in Fibonacci projection zone: After taking bullish divergence from potential reversal zone of bullish Butterfly, the priceline is still moving within the Fibonacci projection or sell zone area. After rejection moving toward support: After being rejected by $30K resistance now the price action is moving towards $20K support and likely to form a parallel channel within these support and resistance levels. While the price action is forming higher highs on the other hand the RSI is forming lower highs, therefore there are more chances for the continuation of bear trend. The channel can be changed: If the price action will be bounced from 100 and 50 simple moving averages then the movement can be changed from parallel to up channel. The harmonic BAT move: On daily chart, the priceline of YFI token is also completing the final leg of bullish BAT and for the completion of this leg the priceline may move down between: $21128 to $ 19773 then it may move up from this potential reversal zone. Conclusion: All indicators and patterns have confirmed a move upto $19773 but we should use the potential reversal zone of bullsh BAT as stop loss because, if it will be broken down then the bear trend can be continued. Note: Above idea is for educational purpose only
by moon333
1
YFIUSDT completing final leg of BAT| Upto 23% move expectedThe previous idea produced more than 281% profit: Now on daily time period chart, the price action of yearn.finance (YFI) is completing the final leg of bullish BAT and soon it will be entered in the potential reversal zone. There is also a 50 SMA support in potential reversal zone. Buying And Sell Targets: The buying and sell targets as per Fibonacci sequence of bullish BAT pattern should be as below: Potential reversal or buying zone: $21128 to $ 19773 Sell or Fibonacci projection zone: $ 29342.54 to $ 24359 Stop Loss: The potential reversal zone area that is up to $19773 can be used as stop loss in case of complete candlestick closes below this level. Possible profit and loss ratio: As per above targets this trade has a profit possibility of 23% and as per the above-mentioned stop loss, the loss possibility is 6.5%. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Long
by moon333
2
YFI-4h. Next target - $21000.Buyers kept the first hit on the trend line that we talked about in the previous idea . However, the rebound is too weak . In the market, the initiative remains with the sellers . If other coins were able to at least test the upper trend line of the local fall channel, this did not happen in the YFI market. Therefore, we expect the liquidity zone to break through and the price to continue to fall to $21,000. _______________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
Short
by P_S_trade
9
YFIUSD on BitfinexHey everybody, today we are going to take a look at the famous prodigy in the Defi Space YFI. As you all may know it, YFI is really famous among the crypto community. Its founder is making deals after deals, the latest one being with $Sushi, if you have not heard about it go take a look. Anyway, let's start with the view, as you may know it YFI is quite volatile as its price move in the thousands almost everyday, which is cool in a sense as it offers a lot of opportunities to trade it. In the graph, I am not going to put some technical staffs but talk about different scenarios for the price of YFI. They are 3 scenarios in my opinion right now for YFI. I will weight them in term of probabilities. First scenario (10%) - YFI Follow Bitcoin and trades in the same range and does not move that much from the 28k to 24k, that is not very likely as the Defi space evolves in a different dimension from Bitcoin. Even if Bitcoin influences the price YFI moves greatly independently from Bitcoin, it can be seen in the price action and the correlation with Bitcoin. Second scenario (60%) - YFI bearish view, falls and goes into in 18k territory, which would be a good news actually as a lot people are waiting for YFI to fall to buy it. We could see some good price action as to see if goes right back up and goes beyond its ATH following Bitcoin or continue to fall. Third scenario (30%) - YFI goes full Bearish and visits the 10k area, it is not likely but cannot be ruled out. This scenario is possible if the buyer are not found at the precedent levels and Bitcoin falls hard. Again, the probability is low but possible. anyway in this area it would going crazy as a lot people are waiting for this level but as always once something starts to fall the potential buyers start to feel a little hesitant as the possibility to catch some knives becomes real. Hope this article helped you or gave a good view on my views on YFI, If you read until here, thanks for your patience ! Please like or comment as I like to have opposing views and discuss ! Cheers, Cryptomamy
BITFINEX:YFIUSD
by Cryptomamy
YFI-4h. Buyers will be in danger below $26150.On 2 December, the level of 31,000 stood. It is difficult to call a new buyers'attack from 4 December as an attack. Despite the positive news, about yearn.finance and sushiswap joining, the trading volumes somewhere disappeared. The YFI price is kept thanks to BTC. After breaking $26,150, sellers will quickly reach $23,300. Let's see if buyers still have the strength to keep the trend line. ______________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
6
YFI looks ready to make new highs!YFI is looking extra bullish to me, it had a rough two months, but looking at the indicators I believe it has a real chance to make new highs very soon. The Elliot impulse wave took YFI right up to the $30,xxx mark followed by an ABC correction which also formed an Inverse head and shoulders pattern which is one of the most bullish pattern in technical analysis I believe, YFI will continue its IH&S breakout and see positive price action in the near term. -Mystic *not financial advice*
GEMINI:YFIUSDLong
by MysticRekt