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Yearnfinance

YFI. 12h. A break of $21,000 will trigger the test of $13,000.Briefly about the situation . Now the market draws a classic Head and shoulsedr reversal figure on a large time frame. The base is $21,000. After breaking the base = the target is below $13,000. Alternative scenario. If the price rises above $37,300, then it will be necessary to look for a new working pattern on the chart. Fundamental side of the coin. The hacker, who broke the Kucoin exchange yesterday, began to sell coins and fix his profits mainly through DeFi coins, which pretty much squandered them. And the developers began to stop smart contacts and organize tokenswipes, that is, manually regulate "like decentralized projects". A strong slap in the face for those who believe that real decentralization already exists in the cryptoworld. If investors begin to doubt and become disillusioned with such decentralization, then the capitalization of many DeFi projects may roll down . _________________________________ If we help you to be calmer and richer - help us to be happier :)
Short
by P_S_trade
Short term bearish if THIS level breaksThe current situation: 1. Since the reversal, price action has reversed and got rejected at about the 0.618 Fib level and has not been able to close back up above the the 0.5 Fib level at about 32K. Currently, a head and shoulders pattern is apparent on the hourly chart. Breaking the neckline at about 28.6K will indicate the bearish pattern is playing out and the measured target is at about 23K. Do mind that the measured target may or may not be reached. 2. Daily candle does currently signal strong seller strength with with high volume, seeing how today's candle closes will be important. The bullish case: price action does need at least an hourly close above the 0.5 Fib level at about 32K to negate the head and shoulders pattern. The bearish case: price action breaks down below the neckline, under which there are still quite a few moving averages acting as support and may or may not on one of them. *Let me know in the comment section if you agree or disagree, would love to hear your ideas too. *These are purely my speculations and not financial advice. You should always do your own due diligence before trading or investing.
COINBASE:YFIUSDShort
by CryptoRush_
YFI may go up from here..when bitcoin's dominance is moving up fast and we have a bearish market it isn't seems right to analysis altcoins like this one but anyway i tried to find out what will happen to yfi for practice..i have two scenario according to bitcoin's move, if BTC continue correction i expect RED ARROW's path so it will support on 16800 and if btc stop correction i will wait for the GREEN ARROW's path and a bullish move to 34k...(also can you see possible head & shoulder like me?) and btw i'm writing a guide for read my chart below: YELLOW VERTICAL LINES are possible timelines those are where i think waves can start or end.. BLACK LINES are resistance and supports that i got from GANN tools.. ORANGE LINES are fibbonacci retracement GREEN and RED zones are where we have powerful support... everything else is clear i guess... note that this chart is a practice I'M NOT TRADING in this market right now please don't consider this as a financial advice please like and comment if you're agree with me
by hesamh
yearn.finance (YFI) - September 27Hello? Dear traders, nice to meet you. "Like" is a huge force for me. By "following" you can always get new information quickly. Thank you for always supporting me. -------------------------------------------------- ----- You need to make sure you can get support at point 31836.97320. If it falls, we need to make sure it is supported at 27324.97824. If you fall from the uptrend line (1), I think you need to trade to preserve profit and loss. It remains to be seen if it can rise above 39898.86000 points around October 1. Every support and resistance point or segment is very weak, so we think careful trading is necessary. Therefore, new investments are not recommended. It is expected that if you check the flow with interest as a coin belonging to the side with a large volume of DeFi coins, it is expected that it will be helpful in understanding the flow of the coin market, so it was posted. -------------------------------------------------- ----- (OKEX YFIUSDT 1D Chart) We have to see if we can sideways on the 28908.8-32585.1 section. It remains to be seen if it falls below the 27658.9 point around October 2. We also need to see if we get support at 27658.9 and move up the short-term uptrend line. -------------------------------------------------- ------------------------------------------- I think it is the period of volatility from September 21st to October 1st. Therefore, I think careful trading is necessary. ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop-Loss point or section S: A point or segment that can be bought for generating profit as a support point or segment (Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You must trade from a short-term investment perspective.)
BINANCE:YFIUSD
by readCrypto
2
Yearn.finance Technical Analysis: YFI rebound to $25,000 remains Yearn.finance refreshes support at $20,000 but rebounds towards $22,000. On-chain data predicts increased selling pressure towards $25,000. Yearn.finance saw the rebound predicted at the beginning of the week invalidated after failing to close above the 50 Simple Moving Average (SMA) in the 4-hour range. The rebound came into the picture following the formation of a double-bottom pattern. Support at $22,000 failed to hold, paving the way for declines that later tested the next demand zone at $20,000. Meanwhile, a shallow recovery has pulled YFI above $21,000 and could retake the support at $22,000 anytime soon. Yearn.finance is trading within a parallel descending channel, whose support has been instrumental in keeping the bears in check. On the upside, a breakout is expected to come into the picture, especially if the recovery continues above $24,000. The ongoing momentum is highlighted by the Relative Strength Index (RSI). The indicator shows how strong a particular trend is (either up or down) and whether an asset is overbought or oversold. If the RSI sustains upward movement beyond 40 and towards the midline, more buyers would be encouraged to join the market and capitalize on the expected breakout from the descending channel. According to IntoTheBlock’s IOMAP, the path ahead of YFI is not a walk in the park. Particularly, the toughest resistance zone lies between $23,978 and $24,659. The model highlights that 64 addresses previously purchased 1,930 YFI in the range. On the downside, it essential for traders to be aware of the lack of a formidable support area. The zone between $20,064 and $19,383 remains to be the most significant support. Here, 197 addresses previously bought around 65 YFI tokens. With that in mind, we can tell that losses are not out of the picture and it is important to proceed with caution. YFI Intraday Levels Spot rate: 21,900 Percentage change: 3.57% Relative change: 776 Trend: Bullish Volatility: Expanding
BINANCE:YFIUSD
by CoinGape
1
Yearn.finance Price Prediction: YFI Has A Clear Path To $40,000 Yearn.finance freefalls to $21,455 after support at $28,000 failed to hold. YFI turns bullish bringing into the picture the impact of a double-bottom pattern. Yearn.finance is bleeding, just like many other cryptocurrencies in the market on Tuesday. A bearish wave on Monday swept across the market, further increasing the sell signals that have continued to linger in the last couple of weeks. Note that YFI traded all-time highs of $44,000 before embarking on a gains-trimming exercise. There have been multiple attempts to keep the DeFi token above $30,000 but selling pressure was just too great for the bulls to bear. The most expensive cryptoasset hit below other tentative support areas including $28,000 and $24,000. The last blow on Monday extended the bearish leg toward $20,000 but a weekly low was traded at $21,455. At the time of writing, YFI has resumed the uptrend and is trading above $24,000. The gains come following the impact of a double bottom pattern. This pattern is used in technical analysis to identify strong demand zones where a reversal is likely to begin following an extended breakdown. Double-bottom patterns tend to provide an estimated target to the upside. In this case, Yearn.finance is likely to rally above $30,000 and even draw closer to the critical $40,000 level. Its bullish case is supported by the Relative Strength Index (RSI) as it recovers above the oversold. In addition, IntoTheBlock IOMAP shows that the path to the north is relatively smooth but a strong resistance should be expected at $27,169 - $27,893. On the flip side, support is not strong enough, hence the chances of YFI retuning to $20,000 remain high. Therefore, buyers must work the bullish case through to avoid a devastating slide to levels around $20,000. Yearn.finance Intraday Levels Spot rate: $24,715 Relative change: 770 Percentage change: 3.30% Trend: Bullish Volatility: Expanding
BINANCE:YFIUSDLong
by CoinGape
2
YFI in a 6-Day 🐂 Flag!YFI is in a Bullish flag that is about to retest the downtrend line of the flag, roughly testing $38.250 - 13% If the downtrend line breaks, I expect a peek at least to $42.000, so that can be the second TP - 24%. IF the price of YFI breaks the $42.000, I expect to rise all the way to $45.000 (33%) and if this level is also broken, maybe even $50.000 (47%). RSI has found support and is forming new higher high. MACD is giving first tick of buying wave. Price found support at 200EMA. We are in a 6-day bullish pattern called Bull Flag . The setup is invalid if the price breaks below $29.000, that would mean over 10% loss. And remember not to get too greedy, there are many other good alt coin trade opportunities. All the best! Tibor
Long
by TiborVrbovsky
8
YFI about to perform 14% move from bull pattern!YFI is currently in an ascending triangle which is an bullish pattern. The price has already broken the resistance area of the triangle and confirmed it as a support, and the move up is already happening. I don't expect YFI to retest the ascending triangle uptrend line, but it's a possibility. Either buy market or buy the break of $36.688. Take profit below $39.000 and below $41.500 If the uptrend line of this ascending triangle gets broken, that would invalid this setup. Good luck! Tibor
Long
by TiborVrbovsky
9
YFI. 1D. High risk of correction to $15,500.YFI is the native token of the DeFi project, Yearn.finance . But YFI is not just a token that can get more expensive or cheaper. It is also an asset with which you can participate in the work of the Yearn.finance platform in terms of defining its development strategy. The main growth triggers were the hype around DeFi and the fact that YFI is one of the most scarce cryptoassets. There are only 29,963 coins in circulation, and their total supply is 30,000. Still, the icing on the cake was YFI's listing on one of the world's largest crypto exchanges, Binance. Result: parabolic growth without rollback to $39,690. But now side effects from the rapid growth of the DeFi projects are beginning to emerge: vulnerabilities, SCAMs, margin liquidations. And it means that we can assume that the first wave of hype is over and it's time to talk about a correction. To begin with, the YFI price should be corrected to the mark $15,500 , if more globally, then to the mark $5500. There are targets even lower, but we don't want to scare you yet. However, if in the coming days the price rises above $35,000 for YFI, then the chances of the first wave of hype continuation will be extremely high. Who knows what to expect from DeFi projects, maybe it is really a breakthrough in the crypto world, or maybe it is a deja vu ISO projects of 2016-2017 (who traded at that time will confirm that the feelings are the same). __________________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each " like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :).
Short
by P_S_trade
4