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YFI

YFI's Move To Horizontal Support Gives Us A 52% Opportunity!In this technical analysis you can see how YFI is moving in on the strong horizontal support area we have observed before. I show you how you can make use of this area to enter a 52% return trade opportunity. Now, we see that the price is getting close to the support zone again. I suggest going in for a long position near the $21,500 level for a trade set-up with fantastic risk reward. Essentially we want to bet on the horizontal level to hold strongly like it did in the past. Enter with small positions since even when your stop loss hits by breaking through the support you can suffer a pretty big loss given the volatility of YFI.
Long
by Trading-Guru
14
UNII am long here. You know the drill, my analysis = BTC.D in free fall I am targeting 55% when all is said and done / possible 49% moon shot for alts. BTC should stay range bound allowing alts to catch up, now some alts have started catching up thats why I have ETH & XRP along with BTC in my chart as a comparison. Others not so much thats why I am long XTZ, UNI, ALGO. Not sure exactly how long this trade will take to play out but I am reviewing BTC.D always and the weekly looks like the Stochastic RSI is pointed down in a hard fast move also the % currently 62.6% is just below the weekly ema 50 , 100 meaning the alt bulls have applied much pressure to the BTC bulls. These 2 ema's 50&100 are a big deal and should BTC.D completely loose the ema's this week I think we can see real fire works next week & into Dec. I stay bulls on Crypto & Stocks for now. I also think we r in full blown mega Altseason :) Let's get it, riches can be made and lost quickly here guys. I will take profits once BTC.D is done dumping.
Long
by Big_Mike716
3
YFI - Testing A Key Support, Will History Repeat itself?YFI, everyone's favorite anomaly, is testing it's newly formed upward channel and the high liquidity area that has lead to multiple bounces in the past uptrend. MACD is still bullish, though weakening ever so slightly. priority is still up. RSI just left overbought, position is strong. This could potentially be a good opportunity to get in on the next leg up, lets see how it resolves this corner of the ascending channel. If we break the channel and support we're going back down to .236 fib area. If we can hold the channel it's an easy ride up.
by cryptosince1963
2
YFIUSD 4HR: How to play the near term correctionHappy Friday everyone, this mornings breakout my have been short lived, but as stated prior that upper purple line is our trend channel resistance. So what do we do now? A. Don't panic, and have a game plan. B. Novice traders will see red and fold on a strong hand, simply put, when my previous targets are reached its very important to take some profits off the table so you can increase your position on these corrective moves downward. C. As long as you follow this, when the trend resumes you will be more profitable upon a corrective reversal to the upside. Overall, we are still in the rising channel with a long term bullish outlook with the prior posts levels still in play. Near term, we will need to strategically increase our position with the cash we have on hand from the prior profits. YFI is a yield optimizing coin, it needs some sideways action before pushing higher. As always, feel free to leave questions in the comments, cheers! -Tony
BINANCE:YFIUSD
by TA-Tony
3