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Yearnusd

Warning!!! It Can Be 90% More Drop Before The Next Bullish RallyHey friends hope you are well and welcome the new update on yearn.finance token. On daily chart the priceline of YFI token has formed a perfect Head & Shoulder Pattern and broke down the neckline. The neckline was at $20K. On small time period 4-hour chart the priceline was moving in a perfect uptrend. On 19 Sep the price action has broken down this uptrend-line and now it has established a downtrend and broke down all simple moving averages with the time period of 25, 50, 100 and 200 as well. Now the price action of yearn.finance is forming different harmonic moves in USD and Bitcoin markets as below: The harmonic move in US Dollar market: The priceline of yearn.finance is completing the final leg of bullish Butterfly and soon it will be entered in potential reversal zone. The targets as per the Fibonacci sequence of Butterfly are: Potential reversal or buying zone: $11060 to $2044 Fibonacci projection or sell zone: $18058 to $34994 The harmonic move in Bitcoin market: The priceline of yearn.finance ( YFI ) is completing the final leg of bullish Butterfly and soon it will be entered in potential reversal zone. The targets as per the Fibonacci sequence of Butterfly are: Potential reversal or buying zone: 1.1557 to 0.3215 btc Fibonacci projection or sell zone: 1.8030 to 3.3728 btc Conclusion: As the priceline is expected to have more drastic drop in near future. But as the priceline is also completing final leg of bullish reversal moves therefore after completing this rally to the down side another rally to the upside can be expected that can be upto 1600%.
by moon333
5
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