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YFI

YFIYFI has been the talk of the crypto ecosystem ever since its launch on Binance and the mega run towards 40,000 USD. It started looking like the next BTC. It formed a Head and Shoulder Pattern on the daily TF but failed to bounce back from the base and ended up losing it support at 20k USD to drop down to its previous support of 12.5 k area. Currently it is playing between the support and resistance of 12.5k and 20k. For swing traders, a very good Long will be from 12.5 k with a SL just below this support and you can eye to take profits around 20k. If we can manage to flip 20k to support, this can proceed with its next massive bull run towards 30k , 35k and then beyond the previous resistance of 40k. Loosing the support of 12.5 k could be catastrophic for this coin since there is absolutely no support below.
by cryptomathemagician
YFIIUSDT: Possible Long (16.10.2020)At D1, the price has broken up the downtrend line. The trading volume increased significantly, and a good initial impulse was formed. On H4, the price set a new high at $ 2500. The Ichimoku cloud is pointing up. At the moment, the price is slowly decreasing within the framework of the expected correction. Fibonacci levels of 61.8%, 50%, 38.2% will become good support. Besides, the RSI also declines to the oversold level, at which the price decline can stop, and a rapid rise begins. We recommend buying YFIIUSDT from the Fibonacci support level, and RSI oversold level, to keep the position above $ 3000.
YLong
by QubitLife
1
YFI: Imminent Breakout AnalysisIn this post, I'll be providing my technical analysis on YFI, specifically for the Tether (USDT) pair on the daily. YFI is a decentralized finance (de-fi) coin that has seen immense gains ever since it got listed on Binance Analysis - The first thing we can notice is that YFI is consolidating within a descending wedge - It has been forming lower highs and lower lows for the past few weeks - However, what's worth noting is that the local support has been tested, and we have seen a breakout in volume - This adds confidence to bulls who have been accumulating YFI - The Relative Strength Index (RSI) as well, while still in a overall downtrend, is showing signs of a reversal by forming a higher low - The Moving Average Convergence Divergence (MACD) shows decreasing bearish histograms, and a potential golden cross - There are strong support and resistance zones we can identify - Firstly, we need to break and close above the point where the descending trend line resistance and 0.236 Fibonacci resistance converge - With confirmation, we could see a breakout with momentum leading up to the 0.618 Fibonacci resistance, and then the ascending trend line resistance marked by the dotted red line Conclusion In summary, the fact that there was a volume breakout at the local support level is extremely bullish. Indicators are demonstrating signs of a reversal as well, and we could anticipate huge upside as this coin has a price history of having demonstrated huge momentum. If you like this analysis, please make sure to like the post, and follow for more quality content! I would also appreciate it if you could leave a comment below with some original insight.
Long
by Michael_Wang_Official
12
YFI going to floor?! It was full of challenges from the beginning. Its creator was against buying and selling for profit, and this platform was not designed for this kind of profitability. But the market continued to do the opposite! It quickly surpassed the price of bitcoin, and what if you don't call it a price bubble? I predict that prices will fall in the future much faster. October will be a strange month, during this time be strict about your trades. Thank God. Good luck.
Short
by ArNi_carypto