YFI/USDT 1h (Binance Futures) Bullish pennant forming
YearnFinance is back to high volatility and is looking quite bullish, I believe it will outperform Bitcoin this week.
But as we know, it is highly probable that it revisits the support of the pennant to hunt some Stops, that's why I put entries down there!
Current Price= 15110.2
Buy Entry= 14066.9 - 13179.1
Take Profit= 15759.4 | 18079.3 | 19738.3
Stop Loss= 11486.6
Risk/Reward= 1:1 | 1:2.09 | 1:2.86
Expected Profit= +15.68% | +32.71% | +44.89%
Possible Loss= -15.68%
Fib. Retracement= 0.618 | 1 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 120h
But as we know, it is highly probable that it revisits the support of the pennant to hunt some Stops, that's why I put entries down there!
Current Price= 15110.2
Buy Entry= 14066.9 - 13179.1
Take Profit= 15759.4 | 18079.3 | 19738.3
Stop Loss= 11486.6
Risk/Reward= 1:1 | 1:2.09 | 1:2.86
Expected Profit= +15.68% | +32.71% | +44.89%
Possible Loss= -15.68%
Fib. Retracement= 0.618 | 1 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 120h
Note
Second target would have been reached by nowUnfortunately, entry was missed 537.6$, the dip wasn't strong enough.
Luckily, in Premium we entered early on Spot vs BTC and just reached last target!
Maybe on a massive pull-back it could still play out so I'll let that set-up run, just in case...
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.