YFIUSDT trade ideas
#YFIUSDT (Watchlist)What we mean by Add this coin to the watchlist ?! 👀
This means the coin we mentioned is forming a pattern or moving near a historical bottom, around or above good support, increase in trading volume, showing a reversal candle, accumulation stage, etc, but no reaction from bulls, so we inform you to add it to your watchlist until the right time for entry.!!
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YFI building up for the eoy target $54kYFI 4hr completing the full capitulation with a triple bottom at the $25k area following its avalanche ride from the $95k peak in May We see price bounced around for the next 2 months hitting the $43.5k mark twice to find solid resistance before retreating back to the $26.5 area completing a Head & Shoulders pattern with a double top From the new floor of $26.5 forming a higher bottom in late September price has been textbook grinding its way up from the new floor and looks ready to take on higher ground We have $54k as our end-of-year target with solid resistance at $34.5 again to reclaim that area turn support first
YFIUSDT Squeezing and Converging/Trading strategyBINANCE:YFIUSDT
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1H trend chart
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Long-term consolidation zone(pink rectangular) has formed a neckline and we can regard it as support zone now.
Price hit 37458.75 on 10/8, then keeps converging in a triangle formation, direction is still unknown.
So just wait for a break from this triangle, it might go up or down, but we tend to break it up because it's close to the support zone.
If the upper downtrend line can be broken out, trading strategy as below.
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Profit Targets:
a) 37458.75----Fib(1)
b) 39525.01~40360.63----Fib(1.272~1.382)
c) 42153.42-----Fib(1.618)
Stop losses:
a) 33284.69----Red horizontal ray
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💡Don't miss the great buy opportunity in YFIUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (33074.02).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. YFIUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 54.
Take Profits:
TP1= @ 35050.55
TP2= @ 37510.70
TP3= @ 40701.10
TP4= @ 44013.91
TP5= @ 47181.85
SL= Break below S2
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💡Don't miss the great buy opportunity in YFIUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (33074.02).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. YFIUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 54.
Take Profits:
TP1= @ 35050.55
TP2= @ 37510.70
TP3= @ 40701.10
TP4= @ 44013.91
TP5= @ 47181.85
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
YFIUSDT Technical Analysis
⏳ Spot
💎 YFIUSDT has formed a wedge pattern. After the breakout we see a Bullish flag before the breakout. the price might go for a retest or a pullback after the breakout and then it continues to go higher
🌐 Tradingview
🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at Market or at 31990.00
☕️ TP1 35750.00
🍺 TP2 40225.00
🍻 TP3 47255.00
🍾 TP4 57000.00
🍷 TP5 _________
🍸 TP6 _________
🍹 TP7 _________
🎁 TP8 _________
🚫 SL 29680.00
Good Luck 🎲
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LongDid you miss us, wolves?🔥
There is a great formation only for you!
Running Flat on YFI/USDT.
However do not rush the trade and wait for the clear signal.
According to Elliott Waves theory all the waves are done and now the price is heading to the breakout.
Follow the chart and look for the breakout carefully.
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Mega Long YFI 50% profitHi guys here, inviting and recommending to invest your savings in YFI to get 50% profit.
Personally I made a spot buy trade, to ensure profits I will place a T/P of 50%.
If you are going to open a futures trade, I recommend taking risks and not going over 10x leverage.
I recommend you to make this trade in Spot.
"With this shot, the bullet hits the target."