YFIUST trade ideas
YFI Massive Double BottomYFI has retraced 75% of the value it gained with the impulse up, just to come back down to a key support level and form this great double bottom.
Price falling below the stop loss would invalidate the double bottom and lose the level as support, so its very easy to strategise.
YFI is close to its bull runLooks like we are in a big B wave. The big B wave seems to be a diametric, and now we are in the last wave of this diametric, the g wave.
This recent drop is in the direction of completing the g wave from B. The green range is a low-risk buy range.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
YFI/USDT upward momentum from support? 👀🚀YFI Today Analysis💎 Paradisers, let's turn our attention to #YFIUSDT, which is currently exhibiting intriguing market behavior. Positioned near a critical resistance level, it's expected to demonstrate a bullish trend, especially following a potential rejection at this juncture.
💎 Observing #YFI adherence to a descending trendline, we're inclined to anticipate a bullish continuation from the support level of $7629. Should YFI successfully uphold its bullish momentum, it may set its sights on tackling the more formidable resistance at $15924.
💎 Nonetheless, in the ever-fluctuating landscape of the cryptocurrency market, readiness for a spectrum of outcomes is essential. If #YFI finds it challenging to hold above the $7629 support, a strategic shift might become necessary. This could involve preparing for a bullish resurgence from a lower support level, specifically around $6563. Crucially, a descent below this secondary support could be indicative of a shift towards a bearish market trend.
Review and analysis of YFI coin in daily time frameIn the examination and analysis of this coin, we notice sharpi and emotional movements, which indicates the movements of whales in this coin. In similar cases, when the coin has a whale, usually later, the bottom is stabilized with the sharpi movements of most traders, stop out and then up. It starts to move. As in the link. You can see in the picture that a price floor has been formed and is being completed, but the important point here is that the demand level is lower than the floor stabilization structure and we have dissatisfaction in the demand level, which causes more credibility in the demand level, which can wait for the price at that level. and enter into buying transactions until the specified target
YFIUSDT.1DBased on the market data provided, the current price of YFIUSDT is $8438. The Relative Strength Index (RSI) for 4 hours, 1 day, and 7 days are 55.81, 49.28, and 57.21 respectively. The RSI values suggest that the market for YFIUSDT is neither overbought nor oversold.
The Moving Average Convergence Divergence (MACD) for 4 hours, 1 day, and 7 days are 13.0, -37.0, and 566.0 respectively. The MACD being positive for 4 hours and 7 days suggests a bullish signal, while a negative MACD for 1 day suggests a bearish signal.
The Bollinger Bands (Bb) for 4 hours, 1 day, and 7 days are 8620.0, 9162.0, and 9876.0 respectively. The current price is below the upper band for all three periods indicating a potential for upward movement.
The support levels for 4 hours, 1 day, and 7 days are $8268, $7931, and $6597 respectively. These are the levels at which the price is expected to start increasing. The resistance levels for 4 hours, 1 day, and 7 days are $8710, $12983, and $11018 respectively. These are the levels at which the price is expected to start decreasing.
Based on this data, the market appears to be fluctuating, with bullish signals in the short term (4 hours) and long term (7 days), and a bearish signal in the intermediate term (1 day). Depending on your trading strategy, you may want to consider these factors. If you're a short-term trader, the positive MACD and the price being below the upper Bollinger Band might suggest a good buying opportunity. However, for long-term traders, the negative 1 day MACD might be a cause for concern. Please note that this is just an analysis based on the given data and not financial advice.
YFIUsdt is bullishDeviation and is holding above the main S/R point in my analysis is bullish..
It came super quick from rejection so it might be send back super quick but lets see.
It is holding pretty nicely here.
Building a long position here is going to be a good idea with taking profits at 11k, 14k and 17k.
Invalidation below the area.
Note: Not Financial Advice
Yfiusdt trading opportunityYFIUSDT has recently broken out of a descending broadening wedge and is now forming a potential Adam and Eve pattern. A break of the pattern's neckline will trigger our target area. Accumulation of the coin can be done through the demand zone and down towards $6000, with a stop loss to be placed below the Eve bottom.
It's important to note that a breakout from the pattern neckline could signal a potential trend reversal and strong uptrend. Therefore, we should continue to monitor the price action.
Trading is about probabilities, not certainties. Always practice proper risk management.
YFI On Fire: Don't Miss Out on This Buy Trade!"**Fundamental Analysis**
Yearn.finance (YFI) is the native governance token of the Yearn.finance ecosystem, a suite of decentralized finance (DeFi) protocols designed to optimize yield generation for cryptocurrency holders. Yearn.finance's flagship product, yVaults, automatically seeks out and maximizes returns on users' crypto assets by employing various DeFi strategies such as lending, borrowing, and staking.
YFI holds a unique position in the DeFi space, acting as both a governance token and a store of value. As a governance token, YFI holders have the right to vote on proposals that shape the future of the Yearn.finance ecosystem, including protocol upgrades, new product development, and treasury management. This governance feature makes YFI an attractive token for those seeking to actively participate in the evolution of the DeFi landscape.
Additionally, YFI has emerged as a store of value due to its limited supply and growing demand. Only 36,666 YFI tokens were ever created, and this scarce supply, coupled with the increasing popularity of Yearn.finance, has driven up the token's price. YFI's strong performance makes it an appealing investment for those seeking exposure to the DeFi sector.
**Recent News**
* **September 2023:** Yearn.finance launches yEarn MetaVault, a cross-chain yield aggregator that enables users to earn optimized returns on their crypto assets across multiple blockchains.
* **October 2023:** Yearn.finance announces a partnership with Curve Finance to integrate yVaults into Curve's AMM (automated market maker) platform, expanding the potential yield opportunities for YFI holders.
* **November 2023:** Yearn.finance releases yEarn v3, a major upgrade to the platform that introduces new features, enhanced security, and improved scalability.
**Disclaimer**
Please note that the information provided in this response is for informational purposes only and should not be construed as financial advice. Investing in cryptocurrencies involves significant risks, and you could lose your entire investment. Always conduct thorough research and consult with a financial advisor before making any investment decisions.
YFI Huge Fakeout ! Yearn Finance (YFI) has orchestrated a strategic move, executing a feigned breakout from a descending triangle—a bullish pattern that saw a swift sweep of the $14,000 level. In this analysis, we unravel the narrative behind YFI's tactical retreat, its implications, and the anticipated journey back into accumulation.
Chart Analysis: The Intricate Dance of YFI
YFI's recent price action presents a nuanced storyline on the charts, characterized by a false breakout and a subsequent retreat into a potential accumulation zone.
Key Observations:
Feigned Breakout from Descending Triangle:
YFI exhibited a false breakout from the descending triangle, creating an illusion of bearish momentum.
The rapid sweep of the $14,000 level marked a calculated move to trigger liquidity.
Retreat into Accumulation:
Following the feigned breakout, YFI is retracing back into what appears to be an accumulation zone.
Accumulation zones are often strategic areas where institutions and savvy traders gather positions.
Critical Levels: YFI's Recharge at $14,000
Strategic Retreat and Accumulation:
The retreat from the false breakout aims to accumulate positions at a key level.
$14,000 emerges as a critical zone for replenishing liquidity and preparing for the next move.
Potential Scenarios: YFI's Journey Back to Prominence
Accumulation and Strategic Reentry:
The retreat into the accumulation zone sets the stage for strategic reentry.
Savvy traders may position themselves within this zone, anticipating a renewed bullish surge.
False Breakout as a Tactical Move:
YFI's false breakout could be interpreted as a tactical move to shake out weak hands.
The subsequent accumulation phase may serve as preparation for a more sustained bullish advance.
Trading Strategy: Navigating YFI's Tactical Landscape
For traders considering YFI in their strategy:
Accumulation Zone Entry: Assess entry opportunities within the identified accumulation zone.
Monitoring $14,000 Level: Keep a close eye on the $14,000 level for potential confirmation of strategic moves.
Risk Management: Implement risk management strategies to navigate the inherent volatility.
Conclusion: YFI's Strategic Maneuver and the Road Ahead
As YFI retraces from its feigned breakout, the narrative suggests a strategic accumulation phase underway. Traders are poised for potential bullish movements as YFI recharges at the $14,000 level, highlighting the intricate dance between feints and strategic positioning in the crypto arena.
🚀 YFI Analysis | 🛡️ False Breakout Tactics | 🔄 Retreat into Accumulation
❗See related ideas below❗
Share your insights and analyses on YFI's tactical retreat in the comments, contributing to the collective intelligence of the crypto community. The journey through false breakouts and strategic retreats adds layers of complexity to the YFI saga. 🌐📈🚀
#YFIUSDT #YFIUSD #YFI/re post/+market trend tips & tricksWe hit 15- and at 14k YFI went pukeeee
down to 8,200
automatic relief rally to 10k
bleed down to 7.500
reject at 8,200 then claimed it
reject at 8,700 then claimed it
now YFI try'n to run
& claim 9,100 & 9,750 (really 10k)
easy run to low 13,000s may'b more
I also want to point out that mess of indicators on the bottom of the screen in a second panel. So if u see that white arrow pointing at the dark green trend line that is ETHERUM Dominance or (ETH.D chart under Indexes) as ALTs run eth dominance dies off as folks enter the market via BTC and ETH/ people do LONG and SHORT contracts secured with Wrapped BTC and BTC/ ie running up BTC.D while shrinking ETH.D (ETH>ALTS>DeFi) as the current run stretches to its limits. (THIS CAN GET TRICKY due to sim. chart trend with BTC.D when every1 starts to leave the ALTs back via ETH and BTC and stables etc./ You need to be able to see what ETH and BTC are doing in connection with other indicators that help you see if in general everyone is entering or leaving the market. i like to pair ETH and BTC market cap with BTC.D and ETH.D charts and add other stuff from there like TOTAL3 ie crypto market minus BTC and ETH ie ALTS/)/The question is during a re trace is it temporary and we again enter an uptrend or full pull back BUT there is always a cool off period as the market stretches to its limits. think of it like an eco system. You need to buy eth or btc then that eth buys an ALT but what if your ALT is on another chain. Now we see DeFi or other metrics swell with liquidity ie charts go up. The way to simplify this is remember we have a bottle neck!! BTC and ETH are the keys. EVERY THING PASSES for the most part if not really everything RITE THROUGH BTC and ETH, usually BOTH if you want to get off chain or and move in and out of really any project/DeFi/ ALT coin / Stable Coin >if you play and move, swap crypto, whatever this is the trick. Watch BTC and ETH however you intuitively understand these things ie its ok to look at this in a bit of an abstract way or simply use whatever tools/charts while looking at this market in a whole in whatever form makes sense to you/
kids climbing up my legs/
//:HGM0Ut_
YFI is a buy All day 8/9k n Down... see below 4 whyWe hit 15- and at 14k YFI went pukeeee
down to 8,200
automatic relief rally to 10k
bleed down to 7.500
reject at 8,200 then claimed it
reject at 8,700 then claimed it
now YFI try'n to run
& claim 9,100 & 9,750 (really 10k)
easy run to low 13,000s may'b more
YFI is or was nothing that turned into something as a project and experiment went FoMo bananas, Dude named Andre C. decided to let people pre farm YFI a governance token for a future & current project he was lunching. Rite on the home page it said, "Worth nothing, no value attached, all speculative" but in a funny to the point kind of way. BOOM the YFI FANTOM CRV Eco systems grew, exploded and come to be... like a year later twitter handle Bentag of CRV announces "THEY" are coming for ALL the YFI tokens cuz they now need them for governance/ownership reasons.
(these dudes lunched yfi to an ATH i think doubled prev. ATH rite at the end of the last true Bull Run & ALT coin mania. the project was a bridge. the bridge let you turn 1 YFI into like 10 gazillion #Woofy Tokens. no utility just a meme coin. again they said rite on the home page Worth Nothing!)
i tell this story cuz Personally this is one i am comfortable buying from 9/8k ish and down. (really sub 10k a long term win!)
JUST SET ALERTS HERE. YFI is different in that like 70 percent of the tokens r owned by like the top 10 wallets. ie this one will move weird fast UP and Down.
These CRV YFI Fantom kats know their market and always pump this ALT here and there, typically towards the end of a decent ALT market push or and sometimes now and then it will be" pump time" out the blue, when no other ALT is really going yet but feels like they all just might and soon...
these dudes r here to stay... so this is as close to a buy n forget u can get for highly speculative and volatile ALTs (half the advantage of crypto is the volatility. take profits, re buy and build positions whatever but if u dont take advantage of these constant swings u r leaving A LOT of value on the table.) if i HAD TO PICK 5 ALTs TO GRAB, that I CANT TOUCH FOR X AMOUNT OF MONTHS/YEARS > YFI IS DEF ONE OF MY 5 PICKS!!!
YFI is a buy ALL DAY sub 8k ish/see below 4 whyWe hit 15- and at 14k YFI went pukeeee
down to 8,200
automatic relief rally to 10k
bleed down to 7.500
reject at 8,200 then claimed it
reject at 8,700 then claimed it
now YFI try'n to run
& claim 9,100 & 9,750 (really 10k)
easy run to low 13,000s may'b more
YFI is or was nothing that turned into something as a project and experiment went FoMo bananas, Dude named Andre C. decided to let people pre farm YFI a governance token for future & current project he was lunching. Rite on the home page it said Worth nothing, no value attached, all speculative but in a funny to the point kind of way. BOOM the YFI FANTOM CRV eco systems grow and come to be... like a year later Bentag of CRV announces "THEY" are coming for ALL the YFI tokens cuz they now need them for governance/ownership reasons.
Personally this is one i am comfortable buying from 8k ish and down.
JUST SET ALERTS HERE. YFI is different in that like 70 percent of the tokens r owned by like the top 10 wallets. ie this one will move weird fast UP and DOwn.
These CRV YFI Fantom kats know their market and always pump this ALT here and there typically towards the end of a decent ALT market push or and sometimes now and then it will be pump time out the blue when no other ALT is really going yet but feels like they all just might and soon... like 3 weeks or so ago same vibe
these dudes r here to stay so this is as close to a buy n forget u can get for highly speculative and volatile ALTs (half the advantage of crypto is the volatility. take profits, re buy and build positions whatever but if u dont take advantage of these constant swings u r leaving A LOT of value on the table.) if i HAD TO PICK 5 ALTs TO GRAB I CANT TOUCH FOR X AMOUNT OF MONTHS/YEARS YFI IS DEF ONE OF MY 5 PICKS
//:HGM0Ut_
YFI Weekly Chart: Clear breakout from Resistance, aiming at 50KOn weekly chart YFI had a clear breakout from its well tested support at around 5000 range.
After the bounce back from the support it went directly to 15k range within two week, this is a healthy movement.
We can expect minor correct up to 10k in upcoming weeks.
For long term trade we can enter around 12-14K and set our target for 20-25K range and potentially reaching 50k in the middle of the bull run.
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Cheers
GreenCrypto