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Yfibtc

YFI/BTC (Support Break?)💎Technical Analysis Summary💎 BINANCE: YFIBTC -YFI is starting to break its local key support area -This is not a good sign in terms of Bullish price action -If this level breaks down, the next potential minor support is around 1 BTC -Please manage your risk and user proper stop loss location A big Thanks for donating 💰 via Tradingview coins this week to billstenzel 🙏🎉 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 `````````````````````````````````````````````` Thank You All!🙏😊💖For Supporting My Channel 📺 Through Leaving A Thumbs Up, Comment & Follow 💬 Happy Trading!😊💕💖 ``````````````````````````````````````````````
by PolarHusk
4
YFI: Imminent Breakout AnalysisIn this post, I'll be providing my technical analysis on YFI, specifically for the Tether (USDT) pair on the daily. YFI is a decentralized finance (de-fi) coin that has seen immense gains ever since it got listed on Binance Analysis - The first thing we can notice is that YFI is consolidating within a descending wedge - It has been forming lower highs and lower lows for the past few weeks - However, what's worth noting is that the local support has been tested, and we have seen a breakout in volume - This adds confidence to bulls who have been accumulating YFI - The Relative Strength Index (RSI) as well, while still in a overall downtrend, is showing signs of a reversal by forming a higher low - The Moving Average Convergence Divergence (MACD) shows decreasing bearish histograms, and a potential golden cross - There are strong support and resistance zones we can identify - Firstly, we need to break and close above the point where the descending trend line resistance and 0.236 Fibonacci resistance converge - With confirmation, we could see a breakout with momentum leading up to the 0.618 Fibonacci resistance, and then the ascending trend line resistance marked by the dotted red line Conclusion In summary, the fact that there was a volume breakout at the local support level is extremely bullish. Indicators are demonstrating signs of a reversal as well, and we could anticipate huge upside as this coin has a price history of having demonstrated huge momentum. If you like this analysis, please make sure to like the post, and follow for more quality content! I would also appreciate it if you could leave a comment below with some original insight.
Long
by Michael_Wang_Official
12
YFIBTC - Upcoming scenariosDefi zones recovery did not take long. If we want to be optimistic, the current decline is a correction of the previous uptrend and not the other way around! With this assumption, our entry point will be in these areas. On this pair..There are two good points to entry long position.. 1.4 and 1.3 At 1.4 we have static support from the past of Market and fibo 61%. also a positive divergence on 15min frame. At 1.3 we have static support from the past of Market, fibo78% and 261% of this downside movements. No significant reversal patterns have been seen yet I think it is not unlikely to reach the second point if you are going to long this, I suggest you plan so that you are not surprised! If the uptrend starts from the first point , it indicates more power and we can expect growth up to 161 %. If the origin of the uptrend is from the second point , 127 % is a more reliable price target. If the situation becomes unfavorable due to BTC behavior and support be broken , there is a strong potential for us to reach to round number 1!
Long
by Algorca
YFI/BTC (Testing Key Support Level)💎Technical Analysis Summary💎 BINANCE: YFIBTC -YFI broke bearish after confirming the H&S pattern -It reaches the key level of support today -Buying during a heavy downtrend is a high risk -This is the first touch so it is hard to say it will hold -We need further consolidation and more green candles -Let us wait for a few more days and look for patter reversals A big Thanks for donating 💰 via Tradingview coins this week to ahancock 🙏🎉 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 `````````````````````````````````````````````` Thank You All!🙏😊💖For Supporting My Channel 📺 Through Leaving A Thumbs Up, Comment & Follow 💬 Happy Trading!😊💕💖 ``````````````````````````````````````````````
by PolarHusk
6
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%.
by moon333
5