YFIUSD
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
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XRP, LINK, DOT, YFI At A GlanceHello everyone, Andrew Here, Here's just a quick break down of what I read... Something big is going to happen soon with BTC, its about ready to break out, so set your stop and take profits, because when it happens it's going to happen quickly.
This is not professional advice, I am not an investment adviser.
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Catch the Falling YFI KnifeThis is very obviously a high-risk trade on a very young and volatile asset - proceed with caution. YFI is about to hit a support level - given the fact that this is the only historical support level around this price level in this young asset's life, there is a strong chance we'll see a little bounce. For the record - I am not entering this trade as it's too high risk. If you do trade this, watch it closely, use a stop loss, and GIGO (Get In GetOut). Enjoy!
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Yearn Finance YFI - Parallel channel + Elliott waveTake a look at daily candles, as you can see - there is a bullish hammer right at the horizontal resistance support. Impulse Elliott wave completed and this channel looks like it wants to breakout.
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YFI Descending Channel/WedgeYearn.Finance needs to break out at around 21k and hold that finding support around 21.6k as this was support a few weeks ago until we broke it. If we
don't break above above 21k within the next few hours, we are most likely going to see it fall down testing around the 18k levels and if we break that, then it will be going much lower.