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YFIUSDT upto 214% profit possibility aheadHi friends hope you are well and welcome to the new update on YFI token Wedge and 100 SMA support: Even though the priceline has already completed a Gartley move on the weekly chart, but if the priceline breaks down the support of wedge and the 100 SMA on the daily chart, then it can give another chance to buy from the potential reversal zone. Gartley move: When the price action will again enter the potential reversal zone of Gartley then the buying and sell targets can be as below, as per the Fibonacci sequence of Gartley: Potential reversal or buying zone: $18649 to $11787 Fibonacci projection or sell zone: $ 24079 to 37071
by moon333
3
YFIUSDT may re-test $20K supportHi friends, hope you are well and welcome to new update on YFI token. Priceline moving in Fibonacci projection zone: After taking bullish divergence from potential reversal zone of bullish Butterfly, the priceline is still moving within the Fibonacci projection or sell zone area. After rejection moving toward support: After being rejected by $30K resistance now the price action is moving towards $20K support and likely to form a parallel channel within these support and resistance levels. While the price action is forming higher highs on the other hand the RSI is forming lower highs, therefore there are more chances for the continuation of bear trend. The channel can be changed: If the price action will be bounced from 100 and 50 simple moving averages then the movement can be changed from parallel to up channel. The harmonic BAT move: On daily chart, the priceline of YFI token is also completing the final leg of bullish BAT and for the completion of this leg the priceline may move down between: $21128 to $ 19773 then it may move up from this potential reversal zone. Conclusion: All indicators and patterns have confirmed a move upto $19773 but we should use the potential reversal zone of bullsh BAT as stop loss because, if it will be broken down then the bear trend can be continued. Note: Above idea is for educational purpose only
by moon333
1
YFIUSDT completing final leg of BAT| Upto 23% move expectedThe previous idea produced more than 281% profit: Now on daily time period chart, the price action of yearn.finance (YFI) is completing the final leg of bullish BAT and soon it will be entered in the potential reversal zone. There is also a 50 SMA support in potential reversal zone. Buying And Sell Targets: The buying and sell targets as per Fibonacci sequence of bullish BAT pattern should be as below: Potential reversal or buying zone: $21128 to $ 19773 Sell or Fibonacci projection zone: $ 29342.54 to $ 24359 Stop Loss: The potential reversal zone area that is up to $19773 can be used as stop loss in case of complete candlestick closes below this level. Possible profit and loss ratio: As per above targets this trade has a profit possibility of 23% and as per the above-mentioned stop loss, the loss possibility is 6.5%. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Long
by moon333
2
yearn.finance (YFI) Again Rejected By $30K ResistanceOn daily chart, the priceline of YFI token has again been rejected by $30K resistance. The price action also has good supports of 25, 50 and 100 SMAs. If the price action will breakdown the 100 SMA, then it can re-test the $20K previous support as well. On 4 hour chart the price action of YFI is also moving above 50, 100 and 200 simple moving averages. Now the priceline is using these SMAs as good support. We can use the 200 SMA on 4 hour chart or the $20k price level support as stop loss. Now 1st the priceline may form an up channel if it will be bounced from an up trend line. If it will break down the 100 SMA or the 20K support level, then we can expect another Shark move like previously the price action did.
by moon333
1
YFII vs BTC not as Solid as YFIBTC, But Still Good!This one here, after I mention that these pairs are moving together, does not look as good as YFIBTC. We are now looking at YFIIBTC. Even though we have a strong reversal signal in the form of the Doji that appeared on Nov. 26, we still have prices trading below all EMAs. That is, EMA10, EMA21, and EMA50. The RSI and MACD are both still in the bearish zone. The trading volume is also low. But the fact that we have prices trading above the Fib. support level and going flat... Can be a bullish signal but nonetheless, we have both; MIXED SIGNALS. We need a good volume bar to come in as prices move above EMA10. This would be a strong signal in favor of the bulls and we can say that YFIIBTC will grow next. For now, consolidation is taking place. Namaste.
Y
by AlanSantana
5
yearn.finance (YFI) & Bitcoin (BTC) both Bullish! BTC + ALTSWe now see Bitcoin (BTCUSD) growing non-stop. As this is happening, we are seeing many altcoins printing bullish consolidation and getting ready to grow as well. We can see YFIBTC doing bullish consolidation while prices go flat above EMA50, EMA21, and EMA10. We saw this happen before, just recently. Bitcoin continued to break barrier after barrier, while the Altcoins prepared for a bullish jump. Seeing now YFIBTC staying strong, can be a bullish signal that the same pattern will repeat... Bitcoin goes higher and the Altcoins follow when Bitcoin stops. Namaste.
Long
by AlanSantana
5
YFII vs TetherUS Looks Better Then YFIIBTCThis is the last one, YFIIUSDT. Looking at YFIIBTC, these two are very, very similar but the USDT pair for this one is more "advanced". Here we have prices already trading above EMA21 while at the same time challenging EMA10. Moving and staying above these two levels is a bullish development. Prices also managed to move back above the Fib. retracement support level and the RSI is already strong. With a little more momentum coming from the bulls and we can see prices go up. Conditions for change If momentum is lost and prices move back below EMA21 and the low hit Nov. 26, then it is likely YFIIUSDT will test lower support levels. Namaste.
Y
by AlanSantana
3