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YFIUSD

YFI/USD - At critical support - will it hold?YFI is in a critical spot in the larger pattern testing the ascending support line and previous top support line. If we fall from here, then we're going much lower. Next support levels are on the chart at $25k and $21k. Unfortunately the daily indicators are not encouraging, both MACD and RSI can fall much more. Unless we get some nice buy pressure soon, I don't see how YFI can last another drop from BTC / overall market. Nevertheless, if that happens the first support line is not that far down. Unless we get some buy pressure soon, I do not recommend buying here, wait for price to give more signs of reversal. Like and follow if you liked this idea!
by DU09
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: __________________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
4
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!
Long
by DU09
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.
Long
by GreenCryptoTrades
8
✳️Yearn.Finance/USDT Analysis (25/12) #YFI $YFIYFI has rallied sharply from 18k$ zone as our previous analysis, however the buying force is not so strong that it needs more time to prove its upside. I think it succeeds in re-retesting 22k$ zone to continue up to 27k$ and up to 40k$ in January. This is a very strong zone and the possibility of a breakout is not high. 📈BUY -Buy: 22k-23k$. SL B 📉SELL -Sell: 38k-40k$. SL A ♻️BACK-UP -Sell: 22k-23k$ if B. SL A -Buy: 16k-17k$. SL B -Sell: 16k-17k$ if B. SL A ❓Details Condition A : "If 1D candle closes ABOVE this zone" Condition B : "If 1D candle closes BELOW this zone"
Long
by CryptoStation
5
YFIUSDT upto 214% profit possibility aheadHi friends hope you are well and welcome to the new update on YFI token Wedge and 100 SMA support: Even though the priceline has already completed a Gartley move on the weekly chart, but if the priceline breaks down the support of wedge and the 100 SMA on the daily chart, then it can give another chance to buy from the potential reversal zone. Gartley move: When the price action will again enter the potential reversal zone of Gartley then the buying and sell targets can be as below, as per the Fibonacci sequence of Gartley: Potential reversal or buying zone: $18649 to $11787 Fibonacci projection or sell zone: $ 24079 to 37071
by moon333
3
YFIUSDT it can be another buy the dip opportunity Hi friends hope you are well and welcome to the new update on the YFI token. Rejection by 30K resistance level: Previously we have seen that the price line of YFI was rejected by the 30K resistance and it was moving towards the support of 20K. Now finally the price action has bounced from the 20K support. Price action forming lower highs: Now if we take a look at the live daily chart, the price action of YFI is also having good support of 100 simple moving average at the same level where it has the 20K support. But after getting bounced from these supports the YFI did not reach the 30K resistance even it is forming lower highs. Formation of a falling wedge: While forming lower highs and lower lows the price action of YFI token has also formed a falling wedge pattern. The 100 simple moving average is also working as strong support with the support of this wedge pattern. An expected Gartley move: Now if we switch to the long-term weekly chart, then priceline is likely to complete the final leg of the bullish Gartley pattern. If the price action breaks down the 100 simple moving average and the 20K support level on the daily chart, then this Gartley move on the weekly chart will be confirmed. The potential reversal zone of this pattern is from $18649 to $11787. Conclusion: Even though the priceline of YFI token has good supports of 100 simple moving average, 20K and support of wedge on the daily chart, but if these supports will be broken down then an imminent move upto $ 11787 can be expected to complete the final leg of bullish Gartley pattern that is being formed on the weekly chart.
by moon333
3
YFIUSD DAILY TRENDCurrently trending upward if we look at the larger picture here, most pitchfork analysis wont fit, however per trend shift you must SCHIFF your fork. Now that the bad puns are out of the way, we are looking at the daily trend for YFI using the modified schiff pitchfork as our support and resistance zones. The red middle/ median line will be our indication of a potential change in trend, keep an eye out as we move through Q1. As always, questions and requests welcome in the comments. If you'd like a shorter term analysis, just say so >:)
BINANCE:YFIUSDLong
by TA-Tony
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.
Short
by QubitLife