YFIUSDT trade ideas
YFI UPDATE 2021.01.19If the candle is closed above bb --> 60,000$ , the upward trend will continue and it can be achieved in 4 models with different colors.
If the candle is closed above 60,000 bb, the upward trend will continue and it can be achieved in 4 models with different colors.
The chart is a bit confusing but it will be a climb in summary, you can check and analyze the trend by choosing any color.
YFI/USDT — formation of an ascending triangleThe asset came close to the resistance at the level of the previous local maximum. At the same time on the 4-hour timeframe chart is forming an ascending triangle. Since the YFI is in a clear uptrend, this pattern usually indicates a continuation of the bullish movement. Before the final upward impulse, a pullback to the bottom of the triangle is likely to occur, where buy orders can be placed. The buy zone is marked green on the chart.
If the nearest resistance is broken through, YFI will rise to an all-time high, which is now at $43,678. The continuation of growth is also indicated by the fluctuation of the RSI indicator above 50 and a bullish MACD cross.
Until the triangle is broken through, the best strategy would be to gradually buy YFI within the figure using the GRID bot from 3commas. To execute the trading strategy, follow these steps:
Head over to the GRID Bot by choosing it from the main menu in your 3Commas account.
Select USDT Market and YFI/USDT pair;
In the Grid Bot tab, go to the Manual strategy settings;
Set the upper limit price to 43,678 and the lower limit price to 33,930. Number of grid lines: 10. Set the quantity per grid parameter according to the amount you wish to spend on each trade;
Click the Create button, then sit back and let the Grid Bot go to work!
YFI important momentGreetings
amid the rise of the major cryptocurrencies, the defi hype has declined. And all eyes are on ether and bitcoin.
I suggest to look at YFI once again to evaluate its global prospects for next 3-6 months, as the past idea is relevant but for more local work
Total return on the idea with updates around 140%.
Let's have a look at the daily chart first,
we can see that price has formed a larger symmetrical triangle, with a base of 800%. The price is now at the upper boundary of the triangle. Although there is still a long way to the apex and it is possible that the price will return for another spiral to the lower boundary of the triangle.
Also worth considering a possible repetition of the head and shoulders fractal, this bearish pattern has formed quite clearly at the moment.
The next chart for the analysis of 4 hours, on which the upward channel was formed, and the local figure of the falling wedge. For the continuation of the movement in the channel, the price is hindered and cornered by the trendline of the main triangle.
Operating options
1. Breaking through a triangle
2. trade inside the triangle from the boundaries when the local trend develops.
Always use stop loss, and do not use trading leverage greater than x3.
A trader should always have tomorrow.
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YFI V2 - target 69420YFI has been lagging defi majors such as AAVE and SNX
long awaited v2 yVaults have released and should propel YFI back to parity with AAVE and SNX
Price targets:
50k
69.42k
YFI.USDT (Y21.P6.E2).Looking for an entry.StalkingHi All
(ref.W.chart)
YFI is coming along nice. In my previous post, I caught the breakout and cashed in the profits.
Now revisiting the chart, I see it coming along nicely and if it plays out the higher high, meaning continues a macro trend, then I will be very interested once it breaks resistance and does the retest for the former resistance.
Such charts or price action give lots of % on the support area as I stated.
Look a my PARSIQ chart or the 1INCH chart, you will see the move there.
Lets hope it comes along and more importantly we don't miss it.
All the best,
S.SAri.
NOTE: The entry at the lower time frames requires its own strategy. This cannot be covered here as we don't know how it would look like at the time if or when it comes.
PREVIOUS POST to this topic
YFIUSDT 1/18/2021Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT
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Technical Analysis
Make an entry on a pullback
1D
Bullish Divergence
4hR
Bullish Convergence
1HR
bearish divergence'
targets
finally setting on to motion
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Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT
Keep an eye on YFIYFI make a great support here , it can move to top of the channel , take care of alts
YfiYearnfinance trendline set from previous break and brought over to now.. seems to play like a violin..
YFI / USDT - Ascending UpdateAscending Update - I hope this chart follows
Thoroughly checked and checked in all indicators, signs of ascent are evident.
YFIUSDT wants the breakout!$YFI.X is trying to have a breakout after bounced on daily support, If the price will have a breakout and turn the 4h resistance into new support, According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
YFI/USDT Bull RunDear All,
I am sharing my personal prospective analysis for YFI/USDT on the long term run
I could see that the last trend has been broken upside indicating a bullish upward trend that might need more volatility and volume to start parabolic rise toward ATH
In the chart I have set three ATH horizontal line for highest high appeared in chart pattern (Head and shoulders) indicating (Highest High in Left shoulder, Highest High in Head and Highest high in Right shoulder).
Referring back to the previous ATH that was created in an Head & Shoulder chart pattern between the dates (29-Aug-2020 and 5-Nov-2020) I could say that we will see something similar to current rally and it might take few weeks to enjoy it. To make it more visualized and easier for you i have taken Bars Pattern for the same dates and move it right on the first two candles since they broken the trend-line (Marked in Green Bar candles).
To confirm movement of price upward i have used Fibonacci Retracement to indicate the price movements toward the following targets only if the daily candle closed above price ($31,781.41) were the heading price range would be targeting R1 $(40,073.62), R2 $(53,493.06), R3 $(66,912.50), R4 $(75,205.72)
In Summary we might see price heading initial maximum price range toward Fib. Retrac. Level @1.618 and trend will move to a bearish zone that will reverse maximum price range toward Fib. Retrac. Level @0.50-0.618 between ($25070.69 - $28908.65) marked with Red Price Label that will be entry point for bull run toward ATH resistance ($43,966) that once breakout will create New ATH at Fib. Retrace. @2.618 = and then keep watching (Volume, MA, RSI) to confirm price movement toward next bull run targets R3 $(66,912.50), R4 $(75,205.72).
Trade Safe, ensure you've your own study and targets before you jumped in.
N.B. This is not a financial advise. The movements of YFI are dependant on the BTC and ETH in terms of dumping so you can watch them parallel as well. Personally with YFI/USDT short time frame trading aren't best choice so ensure you enter on lowest price range on bearish zone as that would be only long term investment in such coin. When the price is in the bull run set your personal target for Sell according to your study. Remember once you enter don't forget the Stop-loss just in case any negative news happened.
Wish you all the best.
