yearn.finance (YFI) Buy Zoneyearn.finance (YFI) Buy Zone
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BIAS
Mid-Term : Bullish
Risk : Medium
On 4 hours timeframe, Yearn Finance has formed bullish pattern and retested short-term market comfirmation after the couple of day breakout.
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$YFI/USDT LONG SETUP
Leverage : x3 - x5
Entry Price : 31150 - 31775
TP 1 : 32215
TP 2 : 32750
TP 3 : 33410
TP 4 : 34450
TP 5 : 35500
TP 6 : 36450
TP 7 : 37500
TP 8 : 39275
Stop Loss : 29985
*Maximum 4% of Portfolio.
*Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry.
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YFI
YFI set up for an burst to the up side Watching a bullish set up the 9ma crossing the 50 and playing out the c&h idea as well as the tightening wedge break out.
YFI/USDT ChartHi, I try to post often so if you could like and follow it would mean a lot to me. I will start streaming here on TradingView.
YFI is looking very good right now with a invalidation at 31200$ support and going right to the 34K area. The coin had descending triangles in the previous days that turned out to be bullish. BTC is not looking to bad either so I don't expect a market crash because of bitcoin ( fyi: BTC is looking bullish in the 1H chart so no worries on short term trades). Comment your thoughts on the idea.
I will stream on friday so if you are interested I will talk about every altcoin. Feel free to come and ask questions.
Crypto Elliott Wave Analysis: YFI Is Forming Bullish SetupHello Crypto traders!
Today we will talk about cryptocurrency YFI in which we see pretty clear bullish formation, at least for a short period of time.
Crypto market is bearish in general and most of ALTcoins are still looking lower, but YFI is currently one of the strongest and we can already see it turning nicely up with five waves after a completed big (A)-(B)-(C) corrective decline from the highs.
Five waves up from the lows suggest that market found the support/bottom, at least temporary one. So, recent rally we see as a first leg (A)/(1) that can be now followed by a three-wave A-B-C pullback in wave (B)/(2) before we will see further rally into wave (C) or maybe even wave (3).
Ideal support would be around 61,8% Fibonacci retracement and 27k-25k zone, while invalidation level is at the previous 17k lows.
Be humble and trade smart!
If you like what we do, then please like and share our idea!
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
YFIUSDT MIDTERM TRADEYFI was previously fly and give nice profit now its correction time so keep an eye on YFI I mention all entry and targets points in the chart
buy as per mention in the chart and hold for all targets YFI is the trade who can make give great profit if you have good patience
if you like the idea please like and share it with friends
$YFI/USDT 3h (Binance Futures) Bull flag on supportYearn Finance broke-out bullish last week then pulled back to 200MA / desc TL forming a continuation pattern, let's enter here!
Current Price= 28229
Buy Entry= 28163 - 26849
Take Profit= 32410 | 36128 | 40968
Stop Loss= 24697
Risk/Reward= 1:1.75 | 1:3.07 | 1:4.79
Expected Profit= +35.66% | +62.70% | +97.88%
Possible Loss= -20.22%
Fib. Retracement= 0.5 | 0.786 | 1.117
Margin Leverage= 2x
Estimated Gain-time= 2 weeks
Website: yearn.finance
Contracts:
#ERC20 0x0bc529c00c6401aef6d220be8c6ea1667f6ad93e
#BEP20 0x88f1a5ae2a3bf98aeaf342d26b30a79438c9142e
#HECO 0xb4f019beac758abbee2f906033aaa2f0f6dacb35
#AVAXC 0x9eAaC1B23d935365bD7b542Fe22cEEe2922f52dc
#xDai 0xbf65bfcb5da067446CeE6A706ba3Fe2fB1a9fdFd
#Fantom 0x29b0Da86e484E1C0029B56e817912d778aC0EC69
YFIUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the 4-hour time frame. As you can see the price is inside a bearish channel which can be considered a flag pattern. If it goes out of this channel from any side, it will move in that direction. There is the resistance line R1 which the price has hit two times and could not stabilize above it. There is also the support line S1 which the price has hit several times and was supported. The price can break any of these two lines. We also have the R2 and S2 lines which are strong areas of resistance and support which the price can show a reaction after hitting them.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
YFI Starts New Bullrun!Yearn.finance (YFI) crossed above the 200-day simple moving average, which indicates the start of a new bullish trend. This is the first daily breakout and close above the 200 SMA since the September failed attempt.
High Trading Volume
Other technical factors add more confluence to the bullish case scenario, like the rise in the trading volume, which signals buying pressure. If we compare the volume readings from today with September’s readings, we can see a notable increase in the trading volume.
This is the main reason why todays’ breakout above the 200-day simple moving average has more potential to see follow-through.
RSI Positive Momentum
Additionally, we have supportive bullish momentum behind the recent rally, confirmed by the RSI momentum readings above the mid-level 50. We can expect more bullish momentum moving forward if the RSI oscillator stabilizes above the 50 level.
Looking forward: The first resistance level comes around $45,000. However, before that, the big round number of $40,000 can also pose a challenge for the bulls. On the downside, the 200-day simple moving average, which currently stands around $33,000, should act as support.
YFIUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the daily time frame. As you can see the price broke our support line and we had a heavy fall. It was supported again at 17942 and moved upward. It is fluctuating above our resistance line at the moment. If it is able to stabilize above the level, it can experience more rise. But if it is not able to stabilize, it can be a failed breakout and the price will move down toward its support line.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
YFI/USDT ChartBefore I start to talk about YFI I would be grateful if you could like, follow and comment. I am starting to post more often so it would mean a lot.
YFI had two descending triangles in the past weeks that broke the resistance and had a run. After yesterdays bearish divergence on the 4H chart we can expect a small correction to 34K, and then continue the bullish bias toward the coin. In the daily chart the coin doesn't have any recent bearish divergence, so I don't excepect any drop on the mid term. However a major market crash can happen if the bitcoin price movement turns out to be a bull trap. No reason to be worried about that for now. Comment your thoughts about the idea.
Yearn.finance Downtrend 100% Broken, Bullish Jump!YFIBTC (Yearn.finance) made a huge comeback making it 100% clear that the downtrend is no more, the bulls are in control now.
We had the biggest correction since May, only red/lower, but finally this is over.
With prices moving above EMA100 and even MA200, we can expect a bullish wave next.
We also had a lower low compared to March 2021 and November 2020, so there won't be anymore stop-loss hunt.
We will be asking a different question now...
How far up can it go?
Namaste.