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YFIUSDT

YFI's Grand up-trend to continue? or are bubbles popping?YFI , Yearn Finance's governance token, saw a meteoric rise to $40k+ in August. This unheard of rise left many people scratching their heads in disbelief (and no doubt deeply regretting not picking up the token for $3-4k when it was fresh off the presses). I'm sure most of us expected a massive drop or an exit scam, but here we sit, weeks later; and YFIUSDT is still almost three times the price of BTCUSDT. So what does the future hold for YFI? --- At the moment on the 4H charts it's trading in a downward triangle . This pattern can go either way, as we've seen in the past with YFI the previous breakout followed a downward channel. It's good to buy the breakout in situations like this. If we pull out a little further, we can see what seems to be an upward channel that stretches back to the intial listing of YFIUSDT on Binance until the present time.Now would seem to be the very bottom of the overall trend channel. Interesting to note, the previous breakout happened immediately following YFI dropping below it's MA 100 and recovering, showing this may be a strong trend line. At the moment, YFI is trading below it's MA 100 by a significant margin for the first time ever really. Historically, we would normally take this as a strong sign a reversal is imminent. But we don't have much history to really pull from here so I'm going to need good confirmation of a breakout. Plus the market is looking like a dogs breakfast right now across the board. BUYING IN? I feel like I wanted to find a reason not to buy in to YFI, and while the RSI and MACD are by no means promising, they weren't really on the last reversal either. Meanwhile, the clear historical upward channel, and the first major drop below MA 100, leads me to be skeptical of my skepticism. I'd wait to see a reversal out of the downward triangle, back towards MA 100 level around $30k to make a definitive move. Potential upwards from MA 100 to previous ATH is 40%. If the historical upwards channel continues it could be closer to 50% gains. Potential to break down 30% from where it's at to previous resistance. Even more if the DeFi bubble decides to burst, putting a decided end to the upwards channel. WAIT FOR THE BREAK!! I'm a simple guy that you don't know posting his ideas on the internet for the sake of improving as a human being. If you take this as financial advice, that's on you. Feedback, criticism and crude humor are welcome :)
by cryptosince1963
YFI | breaking the bullish canal downwards, and consolidatingYFI has broken the bullish canal that it has been. This is a big sell sign. However, since it is holding onto the support level below the canal so far, this breakout can be a fake one. In the case of YFI holding onto this support level, it is likely that it will go back to the bullish canal and make a new higher high. The current level is also a strong Fibonacci level, making this support level even more valuable. In the case of this support line braking downwards, the analysis will be very bearish.
Long
by knnhsn
5
HYPE COIN UNI LOOKS TO BREAKOUT -! BE ACCTIVE FOR THE TREND.Normally i dont trade a coin like this.. but with last info i have about the coin and the coinbase data it shows its possible that it can increase back to 7-8 usd+ with new hype before it will get the real recovery. - when you trading this coin, pleas use stop limit, and trade only if you know what you do, as you know new coins can be risky. All the above are my personally expecting. I am for the new hype to new high. we will see, if right fine. if not right stop limit will be there. have good time all(:
Long
by Protixder
3
YFI/BTC (Trading Inside a Descending Channel)BINANCE: YFIBTC -YFI is trading inside a descending channel with a series of LH and LL -If the price keeps respecting this channel, it may retest the key support at 2 BTC -I recommend waiting for the price reaches key areas or until the channel is broken -A drop to 2 BTC is more than -20% so let's wait and see how the market will react below `````````````````````````````````````````````` Trading Involves High Risk Not Financial Advice Please Exercise Risk Management `````````````````````````````````````````````` If You Like My Daily Published Ideas A little Help By Supporting My Channel Through Leaving A Thumbs Up, Comment & Follow Happy Trading! --> Thank You! :) ``````````````````````````````````````````````
by PolarHusk
10
YFI in a 6-Day 🐂 Flag!YFI is in a Bullish flag that is about to retest the downtrend line of the flag, roughly testing $38.250 - 13% If the downtrend line breaks, I expect a peek at least to $42.000, so that can be the second TP - 24%. IF the price of YFI breaks the $42.000, I expect to rise all the way to $45.000 (33%) and if this level is also broken, maybe even $50.000 (47%). RSI has found support and is forming new higher high. MACD is giving first tick of buying wave. Price found support at 200EMA. We are in a 6-day bullish pattern called Bull Flag . The setup is invalid if the price breaks below $29.000, that would mean over 10% loss. And remember not to get too greedy, there are many other good alt coin trade opportunities. All the best! Tibor
Long
by TiborVrbovsky
8
YFI - Still Bullish (No mint for YFI token proposal)A bit cooled off from the highs (Coinbase pro event) and on the support atm. But despite this still has a room to grow. But there's still a proposal to "burn YFI minting ability permanently" which I'm excited about. And it's winning right now, so I assume it will be implemented. Thus, no YFI minting can ever take place again! This could have a significant impact on the price if adopted. Hit the "LIKE" button and follow to support, thank you! Information is just for educational purposes, never financial advice. Always do your own research.
Long
by Bitduke
3
YFI about to perform 14% move from bull pattern!YFI is currently in an ascending triangle which is an bullish pattern. The price has already broken the resistance area of the triangle and confirmed it as a support, and the move up is already happening. I don't expect YFI to retest the ascending triangle uptrend line, but it's a possibility. Either buy market or buy the break of $36.688. Take profit below $39.000 and below $41.500 If the uptrend line of this ascending triangle gets broken, that would invalid this setup. Good luck! Tibor
Long
by TiborVrbovsky
9
BITCOIN - breakout still possible to 11k increase trend comingAs we have seen we got rejected by last increase, we already have try 2 times to breakout with BTC, and dont worry, we still have the option for the trading way : 3 lines trading , and thats exactly what happend now. Bitcoin could still breakout to 11k+ and i see it still as up trend. BTC did breakdown 3.60%, what are normally recovery trend. Can we breakdown also? sure, everting at btc possible. but as the trends looks now its increase trend, and waiting the long term 11k. # SPX shows also a signals of increase, but could be good for BTC. whale effect? The most whales still holding BTC. there should be no sell panic. If you like my post, pleas follow and like Thank you
Long
by Protixder
9
YFII: Decentralized Finance and Market PsychologyIf you like this analysis, please make sure to like the post! I would also appreciate it if you could leave a comment below with some original insight. In this analysis, I'll be explaining the speculative nature of the alt-coin market, exemplified by the defi hype. Analysis - It's extremely difficult, almost impossible to apply technical analysis to the newly listed Defi coins on major cryptocurrency exchanges - They have very little price history data, and most of their fundamentals in terms of project development, is questionable to say the least - In the case of YFII, we can look at the hourly chart to speculate its next move - As the 'Defi-hype' is not over yet, there is still a lot of capital flowing into altcoins, and bullish movements are supported by high volume - Based on market psychology, people who have missed out of the YFI opportunity, are jumping into YFII, in fears of missing out - Based on the trend, we can see that a "U" shape recovery is taking place, with potentiality for YFII to hit its previous high once again - It has gone up over 100% already from the local bottom, and has an 80% upside to the next top - The Ichimoku cloud confirms the bullish trend, as prices are trading above the cloud. The cryptocurrency altcoin market, currently driven by the Defi-hype, is just another phase of a speculative market after the 2017 ICO phase, and 2018 STO phase. Don't predict the market. Take it by levels, and play by probabilities. - Michael Wang-
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by Michael_Wang_Official
8