YFIUSD
YFI 12h. Test of $13,000 and a new wave of fall to $6075.Having fixed a new low at $9635, the Yearn.finance project token made us look at it again and publish a new idea.
Our previous YFI idea worked out in 3 weeks. As a result, the price fell by 50%.
This token moves quite technically and now it is facing the choice of its path.
The current consolidation is not fully understood at the moment and has approximately equal chances of breaking up or down.
While testing the level $9750 , buyers showed their interest and it is evident from the increased volumes. However, buyers do not have the strength to fix above $11,500 (the previous critical point of the token). Sellers' trend wasn't broken.
Scenarios for the development of events:
1) The price next week is consolidating in the shape of a triangle (purple arrow version) and makes a false breakdown to the level $9250, thereby knocking out the stops of longists, and begins to grow to the level $13,000.
2) The price from the current indicators begins to grow smoothly to $13,000.
After these two scenarios, there probably will be a continuation of the protracted fall, where the zone $5700-6075 will serve as a magnet of attraction.
A positive scenario for the YFI price movement will come only after the price can confidently fix above $13,000.
In this case, the path to the level $18,350 be will open.
To determine the most likely scenario in time - subscribe to us and get an idea update at the right time!
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.
*Follow me for the latest cryptocurrency analyses on my watchlist
*Thank you to those who donated, I very much appreciate it.
*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
✳️Yearn.Finance/USDT (26/10) #YFI $YFI #YFIUSDTYFI is in the strong support zone at 12500-13500$ and this zone has resisted the decline of YFI several times.
However, after touching the MA20 in the 1D frame, YFI formed a Doji candle, signaling a breakout of the 12500-13500$ support zone. If this happens, the heading target for YFI would be 9700$ or even 4000$ zone.
However, if YFI bounces back and breaks through 16000$, we will buy it back and target the zone at 29000$
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.
YFI/BTC (Failed Key Level Support)💎Technical Analysis Summary💎
BINANCE: YFIBTC
-YFI broke its key level of support around 1 BTC
-The price fell fast and already declined its value move than -20%
-There is no clear support down until 0.56 BTC
-That would be another -30% downside
-Please don't try to catch a falling knife
-The market is heavily Bearish
-Wait for any signs of Bullish reversal
A big Thanks for donating 💰 via Tradingview coins this week to CITIZENCAINE 🙏🎉
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Please Exercise Risk Management 💱
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yearn.finance (YFI) - October 10Hello?
Hello, traders.
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We have to see if there are fewer people trying to sell.
We have to see if we can stop the rise in selling.
We must see if we can break off the downtrend line and move above the 22000.0 point.
If it does not rise above the MS-Signal indicator, it is highly likely that it will go down.
Therefore, careful trading is necessary.
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** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop-Loss point or section
S: A point or segment that can be bought for generating profit as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You must trade from a short-term investment perspective.)
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.
*Follow me for the latest cryptocurrency analyses on my watchlist
*Thank you to those who donated, I very much appreciate it.
*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
YFI in a Daily Falling wedge .YFI is in a daily falling wedge that has a bias to break to the upside and can often change trend, which is currently downtrend.
First target is $21,100 (43%)
RSI has bottomed and is giving slight bullish divergence, MACD has given second buy tick today, confirming a buying a wave. As long as Bitcoin doesn't drop below $12k this setup should go well.
Good luck!
Tibor
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!😊💕💖
``````````````````````````````````````````````