YFI-4h. Buyers have a chance to test $ 43,000.A few steps were not enough for YFI buyers to test the historical high. After a grueling price consolidation at $30,000 , buyers were able to set a new local high of $39,930.
Of course, this is good news. However, after 50 days of consolidation , buyers managed to grow by only 50% . If you look at the dynamics of YFI price growth from November 5 to 19, it becomes clear that buyers do not have enough strength for a new aggressive wave of growth.
The YFI price has tested the upper trend line of the wedge , in which the price has been trading since the beginning of November. Buyers are now trying to consolidate above the previous strong level of $30,000.
If buyers fail to break the $43,000 mark , the probability of a reversal of the growth trend and the test of the $20,800-22,000 range will increase significantly.
The global level that YFI holds remains unchanged at $18,000 . Continuing the downward wave in the BTC market to the $26,000 mark will help YFI sellers test this mark. The situation is tense. You need to be extremely careful:
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YFI
YFI/USD - Finding support before next push towards ATH YFI corrected like all the crypto market and is now finding support just around $30k or Fib 61.8%. We may drop another leg down towards $27k but that is uncertain now.
Regardless if we find support at 30k or 27k we have a good chance to see YFI making another strong leg up towards ATH as indicated by the chart.
The indicators are looking good and momentum has not been lost, thus my bias remains bullish once we confirm the support level from above.
Aim to long the support levels, a good target is 36k and then ATH level.
Like and follow if you liked this idea!
YFIUSDT(Waiting for the resistance zone breakout)#YFIUSDT ( 1H chart) Technical Analysis Update
Waiting for the Resistance zone BreakouT
YFI/USDT currently trading at $31400
Long Entry-level: Above $32800 (Enter long after 1 h candle closes above the resistance level at $32800)
STOP LOSS: I will update once I see the breakout
Reisstance level 1 (Target 1): $35600
Resistance level 2 (Target 2): $39200
Max leverage: 3X
ALWAYS KEEP STOP LOSS..
Follow our Tradingview Account for more Technical Analysis Update, | Like, Share and Comment your thoughts.
YFIUPUSDT - Has left the Buy Zone - Targeting 115% Buy $16
Sell $34.99
StopLoss - if it breaks the RED Channel.
Collect Profits when you can!!
Targeting 115%
<> before investing!!
time to go upwe tested 0.786 FIB support for the 2nd time now.
is it time to go up?
we need to break the trendline formed by lower highs. which is also part of the broadening descending wedge pattern. for all of you that are into patterns.
how high do we go?
we will see - if we stop below the previous peak (40k) then it is possible we will form a head n shoulders pattern - bearish.
if we go above 40k, first target is around 41k.
also pretty interesting on the YFIBTC chart.
much love to the trading community.
lets not just make us rich, lets make a wealthy world.
Yearn Finance YFI Analysis [ BTC + TOTAL + YFI / Jan-Feb 21 ]YFI BTC Targets on January and February
YFI - 114,200 / BTC - 120,000
Blue Faractal - Total from 10 Aug 2020
Blue Fibo (with 2 green) - TOTAL
Yellow Fibo (with 2 green) - YFI
2 Green Fibo - 685%, 881%
BTC - Market Cap
$752,112,934,038
YFI - Market Cap
$1,150,817,795
BTC - Max Supply 21,000,000
Blockchain - BTC
YFI - Max Supply 30,000
Blockchain - Ethereum
Yearn.finance (YFI) vs DFI.Money (YFII) | Chart AnalysisThe last time we looked at YFIBTC and YFIIBTC both pairs/charts were moving together... Basically the same but this is not the case anymore.
While DFI.Money (YFIIBTC) went on to print a lower low and is yet to cross above EMA10, YFIBTC is in a better position as you will see next.
(You can find the full YFIIBTC chart on the related trade ideas below).
Yearn.finance chart analysis by Alan Masters
Here we have a clear higher low when we compared 5-Nov. with 3-Jan.
Price is already trading above EMA10 and aiming to close above EMA21 today.
The trading volume has been green for the past 3 days.
Bullish cross on the MACD is young but clear and the RSI above 50 gives everything away.
The bulls are now in control of this chart, the green arrow signaling higher prices is what we expect next...
WAIT! Remember, things can always change.
So make sure to do your own research, use a stop-loss or build a plan/strategy before you trade.
This is Alan Masters.
Thanks a lot for your support.
Namaste.
YFIUSDT - Potential retracement 🔽YFI brokeout as expected from my previous analysis.
Price is testing the projected ascending channel resistance.
RSI is printing a bearish divergence signal.
Price action is printing a rising wedge pattern.
Sell entry ⬇️ - breakdown below the rising wedge support.
Targets 🎯 - flip horizontal support / fibonacci retracement levels / ascending channel support.
Setup invalidation ❌ - breakout above the ascending channel resistance.
YFII looks good | Catching Up with YFI | Target $2750Hey guys welcome for a fresh update on YFII
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We Completed 200 Ideas With you Love And Support.. Thankyou All of You...
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As all of You has Eye's on major coins i.e. BTC, LTC, ETH.
Here we are for Some Unnoticed Coin that are performing well and on our targets.
So looking at chart YFII seems to unnoticed and have lots of potential to take advantage from...
Recently it broke out Diverging Channel with Good amount of volume.
It Is Quite above 50 Ema support in Daily Candle and
Right NOW ! residing at S/R Of $2024 which is quite strong support..
YFII Seams to be in race with YFI
And if we are able to break out this s/r level then
YFII give a good trade here...
So the opportunity looks good with RR 4
Targets are quite high At 2732-2850
Give a thought to it and manage your risk carefully...
Will Be back with other Premium Trades in the mean time..
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this is Husain Zabir, signing out
Thankyou...