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Yfibtc

Yearn.finance (YFI) Consolidates Further, Still Bullish!Since my chart on 9-Jan., shared below, YFIBTC (Yearn.finance) continues with its bullish consolidation. Previous chart: We can see the bullish bias on this chart as prices continue higher now challenging the EMA50 magenta line. We could see two scenarios mainly develop here: 1) We could see prices moving straight up if EMA50 is easily taken out. 2) On a second note, we might get a retrace at EMA50 follow by higher prices. This is the bullish perspective we are looking at. Any trading within the purple trendlines and the bulls have the upper hand. If prices break and close below the last low, we can expect to see lower prices. Thanks for reading. Namaste.
Long
by AlanSantana
3
Yearn.finance (YFI) vs DFI.Money (YFII) | Chart AnalysisThe last time we looked at YFIBTC and YFIIBTC both pairs/charts were moving together... Basically the same but this is not the case anymore. While DFI.Money (YFIIBTC) went on to print a lower low and is yet to cross above EMA10, YFIBTC is in a better position as you will see next. (You can find the full YFIIBTC chart on the related trade ideas below). Yearn.finance chart analysis by Alan Masters Here we have a clear higher low when we compared 5-Nov. with 3-Jan. Price is already trading above EMA10 and aiming to close above EMA21 today. The trading volume has been green for the past 3 days. Bullish cross on the MACD is young but clear and the RSI above 50 gives everything away. The bulls are now in control of this chart, the green arrow signaling higher prices is what we expect next... WAIT! Remember, things can always change. So make sure to do your own research, use a stop-loss or build a plan/strategy before you trade. This is Alan Masters. Thanks a lot for your support. Namaste.
Long
by AlanSantana
2