YFI
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YFI-4h. Buyers have a chance to test $ 43,000.A few steps were not enough for YFI buyers to test the historical high. After a grueling price consolidation at $30,000 , buyers were able to set a new local high of $39,930.
Of course, this is good news. However, after 50 days of consolidation , buyers managed to grow by only 50% . If you look at the dynamics of YFI price growth from November 5 to 19, it becomes clear that buyers do not have enough strength for a new aggressive wave of growth.
The YFI price has tested the upper trend line of the wedge , in which the price has been trading since the beginning of November. Buyers are now trying to consolidate above the previous strong level of $30,000.
If buyers fail to break the $43,000 mark , the probability of a reversal of the growth trend and the test of the $20,800-22,000 range will increase significantly.
The global level that YFI holds remains unchanged at $18,000 . Continuing the downward wave in the BTC market to the $26,000 mark will help YFI sellers test this mark. The situation is tense. You need to be extremely careful:
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YFI/USD - Finding support before next push towards ATH YFI corrected like all the crypto market and is now finding support just around $30k or Fib 61.8%. We may drop another leg down towards $27k but that is uncertain now.
Regardless if we find support at 30k or 27k we have a good chance to see YFI making another strong leg up towards ATH as indicated by the chart.
The indicators are looking good and momentum has not been lost, thus my bias remains bullish once we confirm the support level from above.
Aim to long the support levels, a good target is 36k and then ATH level.
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YFIUSDT(Waiting for the resistance zone breakout)#YFIUSDT ( 1H chart) Technical Analysis Update
Waiting for the Resistance zone BreakouT
YFI/USDT currently trading at $31400
Long Entry-level: Above $32800 (Enter long after 1 h candle closes above the resistance level at $32800)
STOP LOSS: I will update once I see the breakout
Reisstance level 1 (Target 1): $35600
Resistance level 2 (Target 2): $39200
Max leverage: 3X
ALWAYS KEEP STOP LOSS..
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YFIUPUSDT - Has left the Buy Zone - Targeting 115% Buy $16
Sell $34.99
StopLoss - if it breaks the RED Channel.
Collect Profits when you can!!
Targeting 115%
<> before investing!!
time to go upwe tested 0.786 FIB support for the 2nd time now.
is it time to go up?
we need to break the trendline formed by lower highs. which is also part of the broadening descending wedge pattern. for all of you that are into patterns.
how high do we go?
we will see - if we stop below the previous peak (40k) then it is possible we will form a head n shoulders pattern - bearish.
if we go above 40k, first target is around 41k.
also pretty interesting on the YFIBTC chart.
much love to the trading community.
lets not just make us rich, lets make a wealthy world.
Yearn Finance YFI Analysis [ BTC + TOTAL + YFI / Jan-Feb 21 ]YFI BTC Targets on January and February
YFI - 114,200 / BTC - 120,000
Blue Faractal - Total from 10 Aug 2020
Blue Fibo (with 2 green) - TOTAL
Yellow Fibo (with 2 green) - YFI
2 Green Fibo - 685%, 881%
BTC - Market Cap
$752,112,934,038
YFI - Market Cap
$1,150,817,795
BTC - Max Supply 21,000,000
Blockchain - BTC
YFI - Max Supply 30,000
Blockchain - Ethereum