YFI
YFIUSDT is about to break a CUP formationHey all,
I'll keep it short. Look at the weekly and the daily charts. We are above the previous highest WEEKLY close right now and heading up to test the previous highest DAILY close . MACD is curling up in the daily. What usually happens is that we break a previous resistance and come back to test it. So, I expect YFIUSDT to test the previous highest daily close and come test the previous highest weekly close. Then? Once we get a close above the previous highest daily candle, the sky is clear.
I estimate price to up as high as $63,000 and I got this target by assuming the price will move up the same amount with the depth of the cup.
This is NOT a financial advise. I am just sharing my analysis with you to get a feedback from the community.
Thank you!
Yearn Finance Opinion: YFIBTC Flush Imminent for a Healthy CycleYFI needs a proper flush before it can resume an uptrend continuation, by getting a good chunk of the 10,000x, 1,000x, and 100x longterm HODLers out of the trade.
Downside targets on the chart may be exaggerated, as I'm looking for capitulation signs instead.
Currently positioned neutral until a breakdown of the trendline, though also cautious in the event of a bear trap.
The Triangle patternThe Triangle pattern is forming in wave 4 from the first ascending wave of point 3
As you can see in the image, the uptrend is completing in the first ascending wave from point 3, currently, the price is in wave iv of this wave. The triangle pattern is formed and by crossing the price from the range of $ 34,985 we can get the confirmation for the uptrend, and we can go for the first target of $ 54,700.
$YFI about to go parabolic!$YFI the biggest lagger of all defi coins is not sitting at the very important support.
Reasons to be bullish:
Whole defi is exploding and YFI is the biggest lagger.
New vault incoming in next 10 days.
Huge volume spike after which descending volume waiting for the expansion to the one side or the other.
YFI was a leader of the first DEFI bluechip run.
Once it started it went vertical and it also ended the DEFI summer.
APY across the board are increasing, ALPHA project skyrocketing.
time to turn back around?we are at the 0.786FIB.
indicators 1hr 4hr and 1D are at the bottom now, so if it turns around could be a nice ride up.
what concerns me is the BTC.D, it is going up at the moment and will probably continue for next couple of days.
YFI has been sleeping for a while and i want to see it go up?
im here to learn and open for your thoughts, indicators and charts!
YFI 2021.02.07Everything shows an increase, depending on the volume of transactions, the specified goals can be considered, there is also a downward trend, but the probability of a decrease is very low. Unfortunately, with the news of the currency being hacked, everything fell apart and fell behind the market.
YFI road to 100k and beyondHere I show you a pair that might be interesting.
The problem with the team got a solution backed by the community (whales) and the devs.
They are gonna mint some tokens to reward the team.
Imo isnt the best solution, but the weekly chart seems leet and the market seems to react positive to this new.
Macro breakout could be a matter of time.
Dont overlvg this position, but might be good to the since here to average entry if 40k are broken
Thx!