#YFI Yearn Finance breaking out! Can it Double in price??Long futures YFI
This long term chart is suggestive of higher price coming for YEARN
After the blow off top it formed a massive head and shoulders, which reached its target.
The retest of the opening candle high is a lovely textbook checkback and can spring with momentum from here
The upthrust in July suggests a similar move could see $16-$17k
(if #BTC complies of course)
YFIPERP
YFIUSDT: Fast Short Possible (04.01.2021)On D1, the price broke through the uptrend, after which a correction “zigzag” downward pattern was formed.
At the moment, a correctional "zigzag" pattern is also forming, but upward and on H4.
The downtrend border has become resistance for the price rise.
In addition, RSI (at H4) has reached the overbought level.
In our opinion, the price can test the 76.4% Fibonacci resistance level at h4 (28500), after which a rapid decline is expected to the 14000 level, possibly lower.
We recommend planning short sales of YFIUSDT in the range of 28000-30000 in order to take profit at14000, possibly lower.
YFIPerp.USDT (Y20.P5.E2).Bullish cased.chart
Hi,
It is likely BTC will slow down at this level and potentially pull back.
The pullback will give YFI the chance to test the trend line and as per bullish move, have it bounce with a lower high.
I would like it to be the black line as it gives you a chance to prepare.
The red line will be waiting for the pullback at some stage.
All the best,
S.SAri