It has hit the bearish points I am watching. It would need to break the neckline with uptick in volume to confirm the head and shoulders reversal pattern. Make sure to check the linked post for my original targets. Thanks for reading and good luck trading! This is not financial advice.
Watching this one closely. A short might just be in store soon. There is a head and shoulders forming on the BINANCE:YFIUSDT charts and it would be a rude decline if it completes. I have the levels I'm watching for all marked out on the chart. Bearish in red and Bullish in green. Bearish- $23550; $22110; $20771; $15374; $3988 Bullish- $26196; $25001 Enjoy...
After ~$32k rejection price is looking for support, the closest one is near $20k level. Idea to catch some knives near $19k - $20k area, although it can be tested for the third time, I still think it's a good idea. Hit the "LIKE" button and follow to support, thank you! Information is just for educational purposes, never financial advice. Always do your own...
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...
The 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...
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...
Hello? 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...
YFI is currently sitting in ascending triangle bullish formation. I am bullish on BTC, as you can see in my yesterday analysis My goal is TP3, but I will keep you updated. This should go well as ussual! Tibor
based on camarilla and CPR methods. I know it is a new coin so take it with a grain of salt. tight stops manage risk. it relies on alt market turning up
camarilla and CPR. weekly pivot far and untested. I know its a new coin. so take it with a grain of salt and manage risk
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...
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...
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...
On 4h timeframe we see a very clear falling wedge pattern on the chart. Also nice confluence with 4h demand zone. Price should bounce from here. If falling wedge pattern seems legit (we break the pattern to the upside) we shall make a new higher high.
Price currently at 0.618 fibonacci retracement. If the support doesn't hold here I expect a deeper drop in price to the 6h demand zone + 0.786 fib retracement. If we don't see a bounce from here, the price will drop even further and we will make a new lower low.
same as last post i did on $yfi - price exploration on little volume and macd/rsi divergences... $100k meme strong!
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...