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YFI

YFIUSDT Forms Triple Bottom and Falling WedgeYFIUSDT technical analysis update YFI has formed a falling wedge pattern, and the price is currently trading at its major support level, suggesting a potential bounce from the current range. A bullish move can be confirmed once the price breaks out of the falling wedge pattern. Additionally, YFI has formed a triple bottom and has been trading within the same range for the last 840 days. The price has bounced multiple times from this support, and we can expect a strong bullish bounce from this level once again. Regards Hexa
Long
by HexaTrades
ETH’s influence on ERC20 products like YFIInfluence on ERC20 Products ETH’s influence on ERC20 products like YFI can be seen in several ways: Liquidity: ETH’s large market capitalization and liquidity provide a foundation for ERC20 tokens like YFI to tap into, enabling efficient and reliable transactions. Smart Contract Interoperability: ETH’s presence ensures that smart contracts, including those for ERC20 tokens like YFI, can interact seamlessly with each other and with the broader Ethereum ecosystem. Developer Adoption: ETH’s widespread adoption and established developer ecosystem encourage the creation and development of new ERC20 tokens, including DeFi protocols like YFI, which in turn benefits from ETH’s infrastructure. In summary, ETH’s influence on ERC20 products like YFI is indirect yet significant, providing a stable and liquid foundation for the Ethereum ecosystem and enabling the development and growth of #DeFi protocols like #Yearn.finance.
Long
by Victor_Ledney
YFIUSDT.4HAs I meticulously analyze the YFI/USDT 4-hour chart, I observe several key details and technical indicators that inform my trading strategy. Current Market Position: The YFI/USDT price stands at $6,064, showing a slight decrease of 0.28% in recent trading. The market is currently situated near the middle of the defined support and resistance levels, providing a mixed outlook. Trend Analysis: The price movement over the last few weeks shows a pattern of consolidation between key support and resistance levels. This consolidation suggests that the market is in a phase of indecision, with traders and investors gauging direction from upcoming market cues. Support and Resistance Levels: S1 at $5,259 and S2 at $5,825: These levels represent significant support zones. A drop towards these levels could indicate a buying opportunity, especially if the price shows signs of stabilization or bullish reversal signals near these points. R1 at $6,392 and R2 at $7,009: These are the resistance levels to watch. A breakout above R1 could signal a bullish trend, with R2 as the next target for taking profits. Technical Indicators: Relative Strength Index (RSI): The RSI is at 58.94, slightly above the neutral 50 mark, indicating a mild bullish sentiment in the short term. This level suggests some upward potential but also warrants caution as it approaches overbought conditions. Moving Average Convergence Divergence (MACD): The MACD line is above the signal line, which supports the bullish sentiment shown by the RSI. However, the closeness of the two lines suggests that the momentum is not strongly bullish, indicating possible fluctuations or a reversal if bearish pressure increases. Volume Analysis: The volume trend is not depicted but is crucial in confirming any potential price movements. An increase in volume on upward price movements would affirm stronger buying interest, while high volume on downswings could signal strong selling pressure. Strategic Trading Insights: Given the consolidation phase indicated by the chart, my strategy would be to watch for a breakout above R1 ($6,392) for a potential bullish entry, setting a target near R2 ($7,009) while maintaining stop-loss orders just below the recent lows near S1 ($5,259). Conversely, if the price breaks below S1, I would reassess the bearish potential, possibly positioning for a short if further bearish indicators confirm. Conclusion: In conclusion, YFI/USDT presents a balanced scenario with potential opportunities on both the upside and downside. Traders should remain vigilant and responsive to price actions near the key support and resistance levels. Monitoring the accompanying volume and further developments in technical indicators will be essential to effectively capitalize on this market's dynamics. As always, maintaining disciplined risk management strategies is vital to safeguard investments in such a volatile environment.
by MarsSignals
YFIUSDT.1DReviewing the YFI/USDT chart, I can discern several pivotal technical indicators and trends that are crucial for making informed trading decisions. Currently, YFI is trading around $5,875, which is significantly close to a major support level at $4,594. This price point is critical as it has previously served as a support area, suggesting that it could either provide a rebound opportunity or, if broken, lead to a further drop. From the perspective of resistance, YFI faces a substantial hurdle at $7,564 (labeled as R2 on the chart). Before this, a minor resistance level at $4,594 (R1) could pose challenges. Overcoming these resistance levels could signal a bullish momentum, potentially driving prices higher. The current RSI at 47.65 does not yet indicate an oversold or overbought market, suggesting a neutral sentiment in the market. However, the descending trendline from the recent highs indicates ongoing bearish pressure. The MACD, showing a slight convergence below the signal line, hints at bearish momentum with possible room for a turnaround if positive volume can support it. Conclusion: With YFI trading close to significant support at $4,594, I am keeping a close eye on this level for potential buy opportunities, particularly if the market shows signs of rebounding here. A strict stop-loss just below this support would be prudent to manage risks, considering the possibility of a further drop if the support fails. On the flip side, any break above the resistance levels, especially $7,564, should be viewed as a strong bullish indicator, potentially opening the door for targeting previous highs. It's essential to correlate these technical observations with market news and sentiment to optimize trading strategies in the volatile crypto market.
by MarsSignals
YFI looks bearishAfter the big pump, the price has entered the correction phase. This correction seems to be a diametric. We seem to be in the g wave of this diametric now. By maintaining the red range, it can move towards the TPs. Closing a daily candle above the invalidation level will violate the analysis For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
Short
by behdark
2
Alikze »» YFI | Corrective C waveAccording to the previously presented analysis, after exiting the downward channel and pulling back to it, it grew by more than 55% to the specified range. After that, there was a three-wave correction up to the green box range. Currently, two behavioral scenarios can be considered to continue its path. 💎 First scenario: in case of the inability to penetrate and stabilize above 7660, it can continue the corrective movement until the origin of the movement of the OB range. 💎 Second scenario: If it penetrates and stabilizes above 7660, it can continue to grow up to the previous supply area and then it can have its own growth up to the previous ceiling. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Sincerely.❤️ »»»«««»»»«««»»»«««
Short
by alikze
#YFIUSDT #2h (OKX Futures) Descending trendline break and retestYearn Finance printed a morning star then regained 50MA support, seems about to make another impulse on Low TF. ⚡️⚡️ #YFI/USDT ⚡️⚡️ Exchanges: OKX Futures Signal Type: Regular (Long) Leverage: Isolated (6.0X) Amount: 5.0% Current Price: 5841 Entry Targets: 1) 5802 Take-Profit Targets: 1) 6188 Stop Targets: 1) 5609 Published By: @Zblaba CRYPTOCAP:YFI OKX:YFIUSDT.P #YearnFinance #DeFi #Yield yearn.fi Risk/Reward= 1:2.0 Expected Profit= +39.9% Possible Loss= -20.0% Estimated Gaintime= 4 days
Long
by TradingOn
#YFIUSDT #4h (OKX Futures) Falling wedge breakoutYearn Finance regained 100EMA support then pulled back to it after forming a dragonfly doji, looks like bullish continuation is in play. ⚡️⚡️ #YFI/USDT ⚡️⚡️ Exchanges: OKX Futures Signal Type: Regular (Long) Leverage: Isolated (9.0X) Amount: 4.9% Current Price: 7065 Entry Targets: 1) 7056 Take-Profit Targets: 1) 7374 Stop Targets: 1) 6897 Published By: @Zblaba CRYPTOCAP:YFI OKX:YFIUSDT.P #YearnFinance #DeFi yearn.fi Risk/Reward= 1:2.0 Expected Profit= +40.6% Possible Loss= -20.3% Estimated Gaintime= 1 week
Long
by TradingOn
YFI, prepping for an x2 surge soon! 8k to 16k again.YFI has been on weighty correction lately this past few weeks from its recent parabolic peak at 16k to the current 8k range. Based on the recent daily metrics, price movement is getting narrower -- registering triple bottom scenario. A long term shift is gradually transpiring. Buyers are now back in the zone accumulating. A prospect of a retest to 2x valuation at 16k is very high at this point. Spotted at 8000 TAYOR. Safeguard funds always.
BITSTAMP:YFIUSDLong
by JSAL
2
YFI/USDT Ready to Capture Above Liquidity? 👀 Positive Outlook💎Paradisers, let's examine the latest market movements for #YFIUSDT, which have taken a fascinating turn. 💎Currently, #YearnFinance is approaching the resistance within a descending triangle. A breakout above this level will indicate a bullish trend reversal, leading to the capture of the significant liquidity present above. 💎However, if #YFI fails to break through and faces rejection at the resistance, it might signal a downward shift, potentially leading the price back to the weekly OB area for renewed bullish momentum. 💎The weekly OB area is a critical support zone for #YFI. If the price holds at this level, it could present an excellent buying opportunity with a possible bounce upward. If #YFI breaks below this support, it may find a rebound from the high-demand area below. 💎Yet, if #YFI breaks through this demand area, it could signal a deeper bearish trend. Stay vigilant and adaptable as we track the evolving dynamics in the #YFI market.
Long
by MyCryptoParadise_Simon
1
#YFI/BTC 1W (Binance) Descending wedge breakout and retestYearn Finance has been down-trending for years in sats but is sitting on historical demand zone once again. It has recently printed a bullish hammer on weekly, a decent bounce towards 100EMA resistance would make sense. ⚡️⚡️ #YFI/BTC ⚡️⚡️ Exchanges: Binance Signal Type: Regular (Long) Amount: 3.0% Current Price: 0.1437 Entry Targets: 1) 0.1432 Take-Profit Targets: 1) 0.2879 Stop Targets: 1) 0.0949 Published By: @Zblaba CRYPTOCAP:YFI BINANCE:YFIBTC #YearnFinance #DeFi yearn.fi Risk/Reward= 1:3.0 Expected Profit= +101.0% Possible Loss= -33.7% Estimated Gaintime= 3-6 months
Long
by TradingOn
Alikze → YFI |Descending channel failureIn times H4 and H8, after the breakdown of the descending channel in the form of a pullback to the range of $7500 and confirmation of the continuation of the trend, it is possible to reach the specified supply area according to the important resistance range, as well as the neck line of the range of 7500, with the support of this range, the ability to reach The first demand range is specified and then it will be up to $10,000. 🟩Sup: 7500 ⛳️Tp1: 8280 - 8440 ⛳️ Tp2 :8440 ⛳️ Tp3 : 10000 ----------------- Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Sincerely.❤️
Long
by alikze
3