Bulls & bears intersect here - what to possibly expect next*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I may also own or trade any of the symbols and cryptocurrencies mentioned in this video so do not make your trading or investing decisions based on this video. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky.
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Yearnfinancevalue
Price action recap & next key resistances predictions*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I may also own or trade any of the symbols and cryptocurrencies mentioned in this video so do not make your trading or investing decisions based on this video. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky.
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KEY support & resistance levels to watch in this pullback*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I may also own or trade any of the symbols and cryptocurrencies mentioned in this video so do not make your trading or investing decisions based on this video. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky.
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*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
YFI - Quick update (still in channel, impulse move soon)Quick update, still nothing happens, kinda triangle, plan hasn't changed - targeting $20k for this swing.
Information is just for educational purposes, never financial advice. Always do your own research.
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Updates & price predictions - these key support & resistances *DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky.
*Follow me for the latest cryptocurrency analyses on my watchlist
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Is it bullish now and next resistance levels to watch for?*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky.
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Looking at THESE signals for reversal and next levels of support*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky.
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YFI Is Dropped 54% And Still More Drop AheadHey friends, hope you are well and welcome to the new update on YFI token.
As in my previous post, I told you even I warned that the price action of YFI token can be crashed upto 90% more. And sofar it has dropped more than 44% in USD market and 54% in Bitcoin market.
Below two basic reasons were base of my prediction for the drop.
1. The formation of the head and should pattern.
2. The formation of final leg of bullish butterfly pattern was expected YFI token in USD market and in Bitcoin market as well.
Formation of bullish Butterfly in USD market:
Formation of bullish Butterfly in Bitcoin market:
At this time it can be observed that the priceline of YFI token has last support at $4684 in US Dollar market as below:
At the same time the price action of year.finance has the Last support at 0.40140 in the Bitcoin market as below:
On the 12 hr chart the price action of YFI token has also formed a double top and turned more bearish.
On daily chart it can be observed that the MACD is turning bearish and the Stochastic has given bear cross. And EMA 10 has formed bear cross with EMA 21. Now even though the priceline has entered in the potential reversal zone of bullish Butterfly but we can wait for EMA 10 to cross up the EMA 21 before placing our buying orders. And also wait for the indicators to give bullish signals.
Conclusion:
The YFI token is very strong bearish and can move more down from here but at the same time it is in the potential reversal zone of butterfly as well. Therefore we need to keep an eye on different indicators and signals carefully before placing the buying orders. Because even though the bullish Butterfly can produce upto 1600% big bullish rally but the potential reversal zone is also very wide.
YFII Again Rejected By Resistance | Was It A Bull Trap ???Hey friends, hope you are well and welcome to the new update on YFII token.
Previously the price action broke down the support of the pennant on daily chart. But in a very next candlestick we can observe a powerful buying volume therefore while re-testing the previous support as resistance the price action of DFI.Money re-entered in pennant. Finally the price action of YFII token also broke out the resistance of this pennant. But the priceline is still below the exponential moving averages with the time period of 10 and 21. For confirmation of the change in trend from down to upside we need crossing above these EMAs 10 and 21 and a bull cross between these EMAs as well.
In my previous post we have seen that on small time period 4-hour chart the priceline of YFII token broke down all simple moving averages with the time period of 25, 50, 100 and 200 and there was a big distance between all these moving averages and the candlesticks. At the moment the price action is again breaking out the 25 SMA and soon it can also breakout the other simple moving averages as well. For complete trend change from down to up we need the closing above all these SMAs.
On daily chart the price line is also completing final leg of bullish Butterfly. But the priceline cannot complete this leg because if we see the trader’s interest as per volume profile of complete price action of this butterfly. Then it can be clearly observe that trader’s has no interest to trade below $800 and this can be last support as well. The priceline has also a very strong resistance at $2600. In my previous article I also mentioned this resistance and now the priceline is rejected by this resistance. So the previous short rally to the upside worked as a bull trap for many traders. However the priceline is moving with the pivot 1st support and point of control of the volume profile.
Conclusion:
The priceline is moving with pivot 1st support and point of control of volume profile therefore is the priceline would be moving here sideways and in the meanwhile if it will cross up the EMA 10 and 21 on daily chart and simple moving average 200 on 4 hour chart. Then it can be possible that the trend will be completely changed from down to up side. And if the volume profile will start showing interest of traders below the $800 level in coming days then more drop can be possible as well.
Can it reverse and avoid this VERY bearish pattern?*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. You should always do your own due diligence before trading or investing.
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*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
Yearn Finance Value (YFV) On An Important Decision YFV is trying to get out of a bearish pennant however there seems no volume incoming for it to breakout. If Bitcoin cooperates and yet volume comes in, a short possible target is given. Otherwise, we might see a test of the lower lows.
Warning!!! It Can Be 90% More Drop Before The Next Bullish RallyHey friends hope you are well and welcome the new update on yearn.finance token.
On daily chart the priceline of YFI token has formed a perfect Head & Shoulder Pattern and broke down the neckline. The neckline was at $20K.
On small time period 4-hour chart the priceline was moving in a perfect uptrend. On 19 Sep the price action has broken down this uptrend-line and now it has established a downtrend and broke down all simple moving averages with the time period of 25, 50, 100 and 200 as well.
Now the price action of yearn.finance is forming different harmonic moves in USD and Bitcoin markets as below:
The harmonic move in US Dollar market:
The priceline of yearn.finance is completing the final leg of bullish Butterfly and soon it will be entered in potential reversal zone.
The targets as per the Fibonacci sequence of Butterfly are:
Potential reversal or buying zone: $11060 to $2044
Fibonacci projection or sell zone: $18058 to $34994
The harmonic move in Bitcoin market:
The priceline of yearn.finance ( YFI ) is completing the final leg of bullish Butterfly and soon it will be entered in potential reversal zone.
The targets as per the Fibonacci sequence of Butterfly are:
Potential reversal or buying zone: 1.1557 to 0.3215 btc
Fibonacci projection or sell zone: 1.8030 to 3.3728 btc
Conclusion:
As the priceline is expected to have more drastic drop in near future. But as the priceline is also completing final leg of bullish reversal moves therefore after completing this rally to the down side another rally to the upside can be expected that can be upto 1600%.
YFIBTC completing final leg of Butterfly | It can be 900% moveThe priceline of yearn.finance ( YFI ) is completing the final leg of bullish Butterfly , the targets as per the Fibonacci sequence of Butterfly are:
Potential reversal or buying zone: 1.15570 to 0.32152 btc
Fibonacci projection or sell zone: 1.80300 to 3.37288 btc
Regards,
Atif Akbar (moon333)
YFI quick market updatePlease feel free to share your view on this pair down below in the comment section. I'm more than happy to be challenged and have an interaction on this idea.
Also make sure to leave a like as it helps me out a lot!
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YFI - Ranging, another retest of $20k level is possibleAfter ~$32k rejection price is looking for support, the closest one is near $20k level.
Idea to catch some knives near $19k - $20k area, although it can be tested for the third time, I still think it's a good idea.
Hit the "LIKE" button and follow to support, thank you!
Information is just for educational purposes, never financial advice. Always do your own research.
Yearn.finance Price Prediction: YFI Has A Clear Path To $40,000
Yearn.finance freefalls to $21,455 after support at $28,000 failed to hold.
YFI turns bullish bringing into the picture the impact of a double-bottom pattern.
Yearn.finance is bleeding, just like many other cryptocurrencies in the market on Tuesday. A bearish wave on Monday swept across the market, further increasing the sell signals that have continued to linger in the last couple of weeks. Note that YFI traded all-time highs of $44,000 before embarking on a gains-trimming exercise. There have been multiple attempts to keep the DeFi token above $30,000 but selling pressure was just too great for the bulls to bear.
The most expensive cryptoasset hit below other tentative support areas including $28,000 and $24,000. The last blow on Monday extended the bearish leg toward $20,000 but a weekly low was traded at $21,455.
At the time of writing, YFI has resumed the uptrend and is trading above $24,000. The gains come following the impact of a double bottom pattern. This pattern is used in technical analysis to identify strong demand zones where a reversal is likely to begin following an extended breakdown. Double-bottom patterns tend to provide an estimated target to the upside.
In this case, Yearn.finance is likely to rally above $30,000 and even draw closer to the critical $40,000 level. Its bullish case is supported by the Relative Strength Index (RSI) as it recovers above the oversold.
In addition, IntoTheBlock IOMAP shows that the path to the north is relatively smooth but a strong resistance should be expected at $27,169 - $27,893. On the flip side, support is not strong enough, hence the chances of YFI retuning to $20,000 remain high. Therefore, buyers must work the bullish case through to avoid a devastating slide to levels around $20,000.
Yearn.finance Intraday Levels
Spot rate: $24,715
Relative change: 770
Percentage change: 3.30%
Trend: Bullish
Volatility: Expanding