YFI/USDT (25k-28k Strong Support Area?)💎Technical Analysis Summary💎
YFI/USDT
-YFI is now retesting support area #1 for the 3rd time
-Technically, this is not good because it tends to become weaker over time
-if the bulls failed to hold this area, expect the price to test the next layer of support at around 20k
-But if buyers will able to sustain at the current price level in the coming days
-A potential retest of 38k-42k dollars is highly possible
-This is a waiting game, also, don't forget about Bitcoin's current structure
-Always manage your position size in times like this
-Good luck traders and stay safe!
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YFIUSDT trade ideas
YFIUSDT not analse talk abou this chartYFI is best chart all time
you can see chart and work with knowledge and analyse and price action
not like BTC or bette ri say sht COIN :::))
going up fast drop
come bottom dont know why again pump :))
this sht is BTC
but pls take time and watch this chart
when fall good falle when move good move
all time dont need luck or better i say low need luck
all time can work with fundamental and Price Action
But BTC is realy sht chart fter happen you go analyse :)
dont know what happen :D
i know BTC is new clan adn so ppl like that but is realy sht :DDD
pls watch this chart and understadn trad is what
not know go back adn check chart before :)
this is only talk with frinds :)
$YFIUSDT - The last support standingHello everyone!
Bearish flag is about to complete it's formation.
There is a support which might stop the dump, but we'll see if it withholds the drop.
$YFIUSDT - These two scenarios on the watchHello everyone,
Seems like YFIUSDT created a local ascending channel and has tested it's support line recently.
This channel may also act as a bearish flag pattern, hence a jump to 35700 and 37145 is possible, after which the pair will most likely resume the downtrend.
The second scenario is when the YFIUSDT is not able to stay above the support and goes down when it breaks the lower edge of the channel.
YFI Elliott wave countYFI possibly finishing wave 4 here. this count will still be valid if it dips further, unless it dips below wave 2. since it has already dipped below wave 1 this can only be considered a leading diagonal, otherwise the count is invalid.
if this plays out as a leading diagonal, then the top of this cycle can easily be located when near the trendline resistance that connects the tops of wave 1,3 and 5
on of the possible Top locations would be around the 1.618 fib level from the 4th wave which places it around 140k
the current indicated waves can be confirmed by the MTF Wave stoch RSI (2nd indicator from top) on different timeframes...