will $yfi blow the roof off soonyfi had a nice response at the yearly show providing a $10k candle to the upside that his since retraced to the $8k region.
whilst selling pressure has made a low on the OBV, the price has managed to stay above the last bearish candle open on the monthly chart.
we now have a clear demand zone with unlimited upside potential, given that bitcoin seems to have found a local bottom / dxy has possibly peaked giving relief everywhere else.
if yfi can break the diagonal and claim the daily at $11k then there is no reason yfi cannot test $22k upward, possibly even mid-high $40k, or just go nuts and hit the 1.62 fib at $150k, but baby steps for now ;-)
YFIBUSD
yearn.finance (YFI) formed bullish Gartley for upto 10.50% pumpHi dear friends, hope you are well and welcome to the new trade setup of yearn.finance (YFI) with US Dollar pair.
Previosly we caught almost 20% pump of YFI as below:
Now on a daily time frame, YFI has formed a bullish Gartley move for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
YFI Bullish (long-term)YFI making a double bottom pattern in the D4 time frame, we could expect it to rise up to the previous high.
You also need to keep an eye on Bitcoin Dominance and Bitcoin behavior.
Bitcoin is King, the King get sick, altcoin sicks too.
TP and SL are in the chart
This is not financial advice.
Please be aware of the risk.
YFI/USDT (25k-28k Strong Support Area?)💎Technical Analysis Summary💎
YFI/USDT
-YFI is now retesting support area #1 for the 3rd time
-Technically, this is not good because it tends to become weaker over time
-if the bulls failed to hold this area, expect the price to test the next layer of support at around 20k
-But if buyers will able to sustain at the current price level in the coming days
-A potential retest of 38k-42k dollars is highly possible
-This is a waiting game, also, don't forget about Bitcoin's current structure
-Always manage your position size in times like this
-Good luck traders and stay safe!
⚠️Please always read the description⚠️
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Trading Involves High Risk ⚠️
Not Financial Advice 💸
Exercise Proper Risk Management 💱
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💡Don't miss the great buy opportunity in YFIUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (67795).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. YFIUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 56.
Take Profits:
TP1= @ 77342
TP2= @ 82812
TP3= @ 88058
TP4= @ 95008
TP5= @ 100000
SL= Break below S2
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DOUBLE-TOP GRAPHIC STANDARD CONFIRMED! AND NOW? DAILY YFIBUSDTechnical analysis regarding the price of YEARN FINANCE in relation of dollar Binance for the next scenarios, based on daily movement.
The price has formed a double top chart pattern, already shrinking and is reaching the uptrend line to test it! The price has been moving upward, making funds / upwards, and the 34-period EMA is driving the price. However, the SAR Parabolic is in a downward movement, which I believe will end after there is a stagnation in this correction. (If the double-top pattern is concrete, the tendency is for the price to fall! But I believe in this cryptocurrency and well, the price will be able to seek the projected bullish targets (green lines) and continue with the valuation! it's a good one!
disclaimer
*** This is not a recommendation to purchase and/or sale. It is for educational purposes only. ***
YFIBUSD is getting ready for the sellYFIBUSD is losing momentum, while hitting a big volume of sell orders. I think it's about to drop. A good price action any moment from now is a good SELL. I will keep you updated if necessary. For any questions or opinions use the comment section please. Thank you.