YFI
✳️Yearn.Finance/USDT Analysis (25/12) #YFI $YFIYFI has rallied sharply from 18k$ zone as our previous analysis, however the buying force is not so strong that it needs more time to prove its upside.
I think it succeeds in re-retesting 22k$ zone to continue up to 27k$ and up to 40k$ in January. This is a very strong zone and the possibility of a breakout is not high.
📈BUY
-Buy: 22k-23k$. SL B
📉SELL
-Sell: 38k-40k$. SL A
♻️BACK-UP
-Sell: 22k-23k$ if B. SL A
-Buy: 16k-17k$. SL B
-Sell: 16k-17k$ if B. SL A
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
YFI - Looking Abnormally Weak in a Bullrun Market, What's Up?My last YFI call was not an overwhelming success, to put it mildly. But we win some and we lose some, that's the game we play isn't it.
So let's take another crack at it. YFI is looking really quite weak even with the rest of the market going absolutely bananas. This is I suppose to be expect, YFI being a high value coin isn't going to be bought while BTC is taking off.
With that said, the RSI is surprisingly close to overbought, and we're struggling to stay on the previous up trend line as a psuedo support/resistance at this point. Clearly doesn't know whether it's coming or going.
I suspect we'll see a pullback next week, people taking their gains from the market before xmas so they can enjoy their holidays. I'm looking around the yellow area for a potential bounce play. SL would be below the current support area, giving us a really good R/R as the potential upside for 2021 is ATH+, or 100%+.
DeFi is gonna go nuts in 2021, and YFI is the flagship in many peoples eyes with it being the highest value (though the merit of that claim is debatable).
This is not financial advice. Do you want some financial advice? You're not getting it here. Sorry. Not doing it.
$yfiusd down, therefore $yfidown is going up..It may have big correction coming, what do you think the resistance will be?
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
YFIUSDT it can be another buy the dip opportunity Hi friends hope you are well and welcome to the new update on the YFI token.
Rejection by 30K resistance level:
Previously we have seen that the price line of YFI was rejected by the 30K resistance and it was moving towards the support of 20K. Now finally the price action has bounced from the 20K support.
Price action forming lower highs:
Now if we take a look at the live daily chart, the price action of YFI is also having good support of 100 simple moving average at the same level where it has the 20K support. But after getting bounced from these supports the YFI did not reach the 30K resistance even it is forming lower highs.
Formation of a falling wedge:
While forming lower highs and lower lows the price action of YFI token has also formed a falling wedge pattern. The 100 simple moving average is also working as strong support with the support of this wedge pattern.
An expected Gartley move:
Now if we switch to the long-term weekly chart, then priceline is likely to complete the final leg of the bullish Gartley pattern. If the price action breaks down the 100 simple moving average and the 20K support level on the daily chart, then this Gartley move on the weekly chart will be confirmed. The potential reversal zone of this pattern is from $18649 to $11787.
Conclusion:
Even though the priceline of YFI token has good supports of 100 simple moving average, 20K and support of wedge on the daily chart, but if these supports will be broken down then an imminent move upto $ 11787 can be expected to complete the final leg of bullish Gartley pattern that is being formed on the weekly chart.
YFIUSD DAILY TRENDCurrently trending upward if we look at the larger picture here, most pitchfork analysis wont fit, however per trend shift you must SCHIFF your fork.
Now that the bad puns are out of the way, we are looking at the daily trend for YFI using the modified schiff pitchfork as our support and resistance zones. The red middle/ median line will be our indication of a potential change in trend, keep an eye out as we move through Q1.
As always, questions and requests welcome in the comments. If you'd like a shorter term analysis, just say so >:)
YFIUSDT: Fast Short Possible (04.01.2021)On D1, the price broke through the uptrend, after which a correction “zigzag” downward pattern was formed.
At the moment, a correctional "zigzag" pattern is also forming, but upward and on H4.
The downtrend border has become resistance for the price rise.
In addition, RSI (at H4) has reached the overbought level.
In our opinion, the price can test the 76.4% Fibonacci resistance level at h4 (28500), after which a rapid decline is expected to the 14000 level, possibly lower.
We recommend planning short sales of YFIUSDT in the range of 28000-30000 in order to take profit at14000, possibly lower.
It's about Time... To SELL BTC and BUY ALTSThis is basically as easy as "Doing the opposite of everyone else, and making more money than them".
We have BTC which hit 30k, and over. Everyones like, DANG bro, lemme get some BTC.
Meanwhile, Ive been over here selling BTC into Alts for the past week.
Alts are VERY low right now, compared to BTC. Get some at these prices, they are very good!
We could see BTC go higher and the Alts get better! But don't wait too long, youll miss out entirely.
Soon, the money will start flowing into LARGE CAP Alts, and then Mid Cap, and Small Cap. That is when you set your Sell limit. 500% -> 10,000% for some coins. Find which ones!