DFI
YFII 1E Watch out! Sales or Savings?The previous idea worked out completely in a week. The YFII price made +50% and is now in the critical zone $2400-2600.
The next few days will be crucial.
Fixing the price above $2600 and, accordingly, a breakout of the channel upwards, will open the way to the levels $3100 and $4100.
If by the end of the week such a breakout does not occur, then there is a high probability of a strong fall.
Below are still the levels $1700 and $1400.
And below $1200, a strong acceleration of the fall to $500 is possible.
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DeFiChain (DFI) Project Overview + Fib. LevelsAbout DeFiChain
DeFi Blockchain is a decentralized blockchain platform specifically dedicated to enable fast, intelligent, and transparent decentralized financial services, accessible by everyone, everywhere.
Running on a proof-of-stake consensus mechanism, it features proven security and immutability by anchoring its most recent Merkle root to the Bitcoin blockchain every few minutes. The platform also features unparalleled high transaction throughput for all transactions, and reliable decentralized governance, on and off-chain.
The DeFi Foundation is located and incorporated in Singapore as a company limited by guarantee (resembling a foundation structure). The foundation is led by highly experienced blockchain experts Dr. Julian Hosp (chairman), and U-zyn Chua (CTO).
The DeFi Blockchain is designed for investors in the cryptocurrency market who are looking to make their cryptocurrency work just like any other form of capital, such that they can ensure a return on investment in any market.
Features of the blockchain include Decentralized: Lending, Wrapping of Tokens, Pricing Oracles, Exchanges, Transferable Debts and Receivables, Non-Collateralized Debt, Asset Tokenization, and Distribution of Dividends.
DFI can be stored on an exchange, or in a wallet, and staked with high staking rewards via staking pools / services like Cake Defi.
Source: Coinmarketcap.com
Website: defichain.com
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We know that Decentralized Finance (DEFI) is what is going on this year 2020...
This is where all the hype, excitement, and attention within the cryptocurrency markets are landing on...
Here you have the full overview of this project as well as the Fibonacci levels mapped.
(You can zoom out to see additional levels).
Thanks a lot for your continued support.
Namaste.
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This is not financial advice.
All the information shared here and/or by Alan Masters is intended only for learning/entertainment purposes.
We are not responsible for your actions.
YFII 12h. The fall continuation to $1385-1485.The DFI.money project token YFII is the Chinese equivalent of the famous $YFI.
YFII's value has skyrocketed on the DeFi boom wave as YFI. Our ideas on YFI perfectly worked out, so we decided to do the forecast for YFII.
YFII falls and there is still much to fall.
To begin with, our calculations show that the price should go down to the zone $1385-1485.
When the price is in this zone, we will update the idea of where the price can move next.
In order not to miss it, likes and subscribe to us!
P.S. A few days ago, YFII was added to margin trading. Now, we can pretty much short, but be sure to observe money management and not overdo with leverage.
Warning !!! YFII Has Broken Down All SupportsHey friends hope you are well and welcome the new update on DFI.Money token.
On small time period 4 hour chart the priceline of YFII token was moving in a descending triangle and finally broke down the support.
On 4 hour chart the priceline also has broken down all simple moving averages with the time period of 25, 50, 100 and 200. Therefore once the priceline will move up it will need to breakout all these resistance levels of SMAs.
On the daily chart the priceline of DFI.Money has broken down the support of pennant.
On daily chart the priceline of YFII token is likely to continue its movement within a down channel. At this time the priceline is likely to test the support of this channel again. The moon phases indicator is showing a new dark moon is appeared below the support of down channel that is another bearish signal. The lowest support on daily chart at $800 can be seen as well. Volume indicator showing powerful sell volume. Volume oscillator is showing powerfull sell oscillation with the value 35.
Conclusion:
As in my previous article I predicted that if the priceline will break down the support of Gartley then it can move more down to form Butterfly pattern.
In order to complete final leg of Butterfly the price action of YFII token needs to retraced between 1.27 to 1.618 Fibonacci levels. But these levels are in negative territory therefore it is not possible for priceline to move down than $0 level. The volume profile of complete price action is showing traders interest upto $716. Therefore We can expect that in most bearish scenario the priceline may hit the spike upto this level and then it can reverse bullish. The point of control of volume profile is at $1250 and the pivot point of daily chart is at $5700. So in case of bullish reversal the priceline can move between these levels.