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Yfii

YFI in a 6-Day 🐂 Flag!YFI is in a Bullish flag that is about to retest the downtrend line of the flag, roughly testing $38.250 - 13% If the downtrend line breaks, I expect a peek at least to $42.000, so that can be the second TP - 24%. IF the price of YFI breaks the $42.000, I expect to rise all the way to $45.000 (33%) and if this level is also broken, maybe even $50.000 (47%). RSI has found support and is forming new higher high. MACD is giving first tick of buying wave. Price found support at 200EMA. We are in a 6-day bullish pattern called Bull Flag . The setup is invalid if the price breaks below $29.000, that would mean over 10% loss. And remember not to get too greedy, there are many other good alt coin trade opportunities. All the best! Tibor
Long
by TiborVrbovsky
8
YFI about to perform 14% move from bull pattern!YFI is currently in an ascending triangle which is an bullish pattern. The price has already broken the resistance area of the triangle and confirmed it as a support, and the move up is already happening. I don't expect YFI to retest the ascending triangle uptrend line, but it's a possibility. Either buy market or buy the break of $36.688. Take profit below $39.000 and below $41.500 If the uptrend line of this ascending triangle gets broken, that would invalid this setup. Good luck! Tibor
Long
by TiborVrbovsky
9
Easy 200% Profits Cup and Handle Pattern $9500 Hello fellow money makers! This is just a quick idea i saw on the 4 hour BINANCE:YFIIUSD . As you can see in the chart BINANCE:YFIIUSD seems to be forming a Cup and Handle pattern as well as showing a potential cross on the Stochastic RSI which supports the Cup and Handle idea for the Bulls. I will be waiting for the breakout of the handle with some volume showing and take a position around $5325-$5350 with a stop loss close by. We could see another small drop before the breakout of the handle however, I'm thinking we should stay above $4800 area and above if this pattern plays out. I am keeping a tight stop loss on my position around $4750. Take Profits just below $9500. I am feeling pretty good about this one. The distance of the measured move from the bottom of the cup to the top of the handle would bring BINANCE:YFIIUSD to around $9500 USDT, which is a nice profit. This is not financial advise, do your own diligence and research. Please leave a comment and tell me what you think! Best wishes to the success of all your positions!
YLong
by Savvythe1
7
YFII/BTC (Test the Swing Top Resistance?)BINANCE: YFIIBTC -YFII is following a strong uptrend after breaking the 0.555 resistance -If we will see a small correction in the next day -Previous resistance must hold to continue a strong rally up to 0.826 -Or consolidate above the green line and let the 12MA/20MA to catch up -The RSI is above 70 so might expect a little cooldown -Follow risk management and do not FOMO ^Trading involves High Risk ^Not Financial Advice ^Please exercise Risk Management **If you like my daily Published Ideas **A little help by supporting my Channel **Through leaving a Thumbs Up, Comment & Follow **Happy Trading! Thank you! :)
Y
by PolarHusk
6
YFII: Decentralized Finance and Market PsychologyIf you like this analysis, please make sure to like the post! I would also appreciate it if you could leave a comment below with some original insight. In this analysis, I'll be explaining the speculative nature of the alt-coin market, exemplified by the defi hype. Analysis - It's extremely difficult, almost impossible to apply technical analysis to the newly listed Defi coins on major cryptocurrency exchanges - They have very little price history data, and most of their fundamentals in terms of project development, is questionable to say the least - In the case of YFII, we can look at the hourly chart to speculate its next move - As the 'Defi-hype' is not over yet, there is still a lot of capital flowing into altcoins, and bullish movements are supported by high volume - Based on market psychology, people who have missed out of the YFI opportunity, are jumping into YFII, in fears of missing out - Based on the trend, we can see that a "U" shape recovery is taking place, with potentiality for YFII to hit its previous high once again - It has gone up over 100% already from the local bottom, and has an 80% upside to the next top - The Ichimoku cloud confirms the bullish trend, as prices are trading above the cloud. The cryptocurrency altcoin market, currently driven by the Defi-hype, is just another phase of a speculative market after the 2017 ICO phase, and 2018 STO phase. Don't predict the market. Take it by levels, and play by probabilities. - Michael Wang-
Y
by Michael_Wang_Official
8