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YFI

yearn.finance Strong Bullish Signal Within Hours... (Up to 270%)The weekly candle is about to close in less than 4 hours. Looking at YFIUSDT, we can see it moving above EMA10 after a higher low with a bullish RSI. These three points combined give out a very strong bullish signal. It confirms in less than four hours if YFIUSDT closes above $7286. We also have 2 weeks closing green, with this one a total of 3. It is always good to have multiple sessions closing as confirmation. This setup can lead to 80%, 150% or even up to 270% growth. You can find the targets (resistance levels) and support (stop-loss) clearly marked on the chart. Namaste.
Long
by AlanSantana
3
Planning trades for the next move, long and short ideas So we are watching this descending triangle just like the rest of the trading world is... nothing new here. I'm not here to call the direction of the move, but to be prepared with trades lined up so that we are ready to jump in when the pattern does break. It's worth noting that I'm showing a BTC CME chart here because it has less noise, so a cleaner pattern. Before we go into long and short ideas, here is a closer look at the CME pattern I am watching on smaller timeframes. I think this is actively the cleanest short-term pattern for BTC. Now let's start with some long ideas. First up is YFI. This one isn't too complicated, large falling wedge that has some strong support underneath. A break of overhead resistance would give a nice short/mid term hold with plenty of upside. Next is UNI. This is technically a large bear flag, so natively a lower-breaking pattern. But that doesn't mean there isn't room for another push higher before that happens. A break higher from BTC would push UNI above the resistance/support level marked on the chart and leave plenty of room for easy upside. And 3rd and final one I will share is ETH. Smaller pattern shown is a descending triangle, so naturally bearish. The large pattern is a bull flag, so naturally bullish. A break higher of the descending triangle would be an aggressive/early entry, but would be a great sign of strength. A subsequent break of the bull flag would be the easiest entry for short/mid term longs, with plenty of upside possibility. Now let's move to some short ideas. Some of these will look familiar. Another UNI setup, this time the bearish side. UNI is technically on support and has room for more upside so waiting for a confirmed market direction is the best play. A break lower and loss of a support level would be an easy entry for UNI because the support/resistance levels around $5.80-$6.00 are pretty well defined. Downside potential is pretty large, with that said the measured move of the bear flag is under $1.00, although I would not be holding the short that long as it's a very greedy target. Back to ETH again, this time with the bearish move. Not much context to really provide here. Just like the upside potential, ETH is showing the least downside potential but it is a much larger coin so that's to be expected. 3rd and final one is SOL to provide a non-repeated idea. Standard descending triangle play. If this breaks lower, SOL will likely just bleed out for a while with lots of downside potential. ________________________________________________________________________________ I've shown long and short ideas, so nothing here is predictive of market direction. The entire market is prepared for a pretty aggressive move, but it's important to remember that we don't need to predict those moves. There is so much upside and downside potential on all of these setups that it is ok to let the move start, and then ride the strength higher or lower.
CME:BTC1!
by Obscure_Trading
yearn finance YFI Bearish SentimentSeptember has major catalysts for the crypto market as well as for the stock market. The Ethereum merge on September 6th, that will end on Sept 20, the inflation report on September 13 and the next FOMC meeting afterwards with the new interest rates hike. That is reflected in the crypto space in general as a bearish outlook. yearn finance YFI has a negative overall sentiment recently. I have the following price targets: YFI/USDT short Entry Range: $9400 - 9550 Take Profit 1: $8400 Take Profit 2: $8750 Take Profit 3: $4600 Stop Loss: $11440
Short
by BuySellMarketMaker