YFI
YFI/USDT: Further rise expected above 7470---- Mid-term Analysis for the next coming 4 weeks to 3 months - Daily on Daily Chart (LOG)-------
YFI/USDT: Further rise expected above 7470
Context
- The Global Crypto market leads by BTC and ETH reversed drawing a new bullish trend - YFI is actually trading range versus ETH, a new YFI outperformance can occur in the coming weeks
- We are watching at 17690 as upside target with strong conviction
- Watch 7470 as key Tactical support
Market configuration
- Graphical Elements :
Graphical Resistance = 17690 & 23570 / 43900
Graphical Support = 7470 & 4020
- Mathematical Indicators:
EMA ( Exp Moving averages) are now support at 10000 = Bullish
RSI indicator (below) is now above 50% without divergence = Bullish
- Elliot & Harmonic Wave (Fibonacci):
Fibonacci Target (C) B has been already reached = 4020
Fibonacci resistance of the wave in progress = 17690
Fibonacci support of the wave B = 7470 (10000 perfect buy level)
Fibonacci Bullish Target = 17690 and 23570
Conclusion
Preferred case => As long as 7470 remains support we are looking to buy the dip in the buying area (10000) in order to test and then surpass 17690, before opening a further rise towards the double bottom potential at 23570
YFIUSDT(yearn.finance) Daily tf Range Updated till 30-07-22YFIUSDT(yearn.finance) Daily timeframe range. one prop is it still didn't broke its all time low. there are not much data to it on its new range. there is decent volume but not enough retail interest to fill the chart. in this state i would look more for usual position setups. but a clean chart always less complicated to trade.
YFI USDT LONG SWING | YFIUSDT | LONG @ 6200 - 6350 | TP @ 6450, 6500, 6550, 6600, 6750 | SL @ 5920 | PATTERN = SPREAD TRIPLE TOP BREAKOUT | FTX |
Swing trade idea. Kindly follow targets and stop loss. Will update with new targets once all 5 are achieved. Mostly trading with PNF charts, MACD, RSI, Stoch, BPI, Cipher, MA/EMA, Support/Resistance on hourly timeframes and higher time frames
BINANCE:YFIUSDT BINANCE:YFIUSDTPERP COINBASE:YFIUSD FTX:YFIUSD FTX:YFIUSDT
YFIUSDT Upward Channel Breakout!Hello everyone
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Let's analyze the YFI chart
At 4H, the price is moving in an upward channel, I expect a further break to the upper border of the channel.
Bitcoin has broken through an important local countertrend line and is dragging all the alts with it in the long. Carefully monitor your risk management, try to be careful with your shoulders and put a stop.
A Hail MaryThis financial product is incredibly risky, and there are not many tokens of it in the market. User count and market cap is very very low compared to other recommendations – meaning this is a Hail Mary play. Not something to invest in, or bet the farm on.
I opened a long this past weekend, and added today. We can see these tokens in the past have been to the moon. They also have come back down from the moon.
Slope of the moving average is still ‘pointing down’ but the angle is not as aggressive. The trend is still bearish, but price is running into the 20dma and we will see if it can breach it:
Nice bounce off S2 off the daily pivots:
We can see volume aggressively picking up the panic selling here, which also comes with consolidation of token holders:
Good luck Trading mates.
yfi 90% down could reward 5000% upyfi looking terrible at 90% down, buying here could pose a risky but low entry at what was a 90k coin.
if the vpvr poc can be reclaimed at the diagonal resistance then a breakout could be violent and very rewarding if yfi pushes a 3rd wave similar to bitcoin 2021, right up to the 4.18 fibo
YFI - Continue Swinging the Slopes DownhillBuy Zone: $18,224.66 - $18,500
Sell Zone: $19,200+
Stop Loss: $18,000
YFI continues to trend downhill overall in bearish momentum. Zoom out on the charts and take a look at YFI's more stable up and down wave patterns- this is what we hope to take advantage of.
As of 11 April, we have been trending upwards in the short-term, however, that can change quickly, and if we fall below that $18,000 mark, we will likely fall to a new lower level (somewhere between $15,500 and $18,000 in my opinion). A break in BTC from the $39k BTC range will likely trigger that price change.
Utilize your stop losses and good luck.