Is YFII yearning for higher targets ?I reckon fibonacci retracement is enough for possible targets here and there is a cup and handle
YFII possibly can go as high as 4.7-4.8K
Yfii
YFII/USDT : Moving above bullish trendlineBINANCE:YFIIUSDT
Hello everyone 😃
YFII is moving above bullish trendline and now it just broke a resistance zone.
We expect a continuation for YFII in next days..
How ever there is another resistance zone at 3350$ level..
📌 We might see some pressures at next resistance zone, It can holds price for couple of hours or even days !
🔴 Volatility is being bearish, So it's not safe to take long at current level;
Better to wait for a pullback from local support zones.
📍 Any 6H close below 2800$'s support line will change the direction !!
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades
YFII Is ready for $6kYfii has triggered a breakout on all time frames.
YFII is in an ascending triangle breakout soon: Ascending triangles are considered a continuation pattern, as the price will typically breakout of the triangle in the price direction prevailing before the triangle. ... A long trade is taken if the price breaks above the top of the pattern. A short trade is taken if the price breaks below the lower trendline.
YFII the way to UPFirst We have a small purple double bottom which gives us the purple target
then if we zoom out we see target purple target is neckline for the yellow double bottom
then we need a correction as lots of energy used.... we need to recover energy so the price must go back to the trend line to get power and on that time will form another double bottom (blue) for the blue target;)))))
Atomic trade💣Get ready, wolves🔥
There is one more interesting formation for you.
Ascending triangle on YFIIUSDT crypto pair.
This formation looks similar previous one. However here is a bearish trend and the price entered into consolidation.
This might be a signal for shorters. but don't rush the trade and wait for clear breakout.
According to Elliott Waves theory all the waves are done and now the price is heading to the breakout.
Follow the chart and look for the breakout carefully.
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$YFI RETEST$YFI Is currently retesting its breakout and is sat in the 200EMA this setup is just too good to ignore.
Fundamentally solid expecting DeFi to start its next leg up soon.
DeFi Decrypted: What Is DFI Money ? (YFIIUSDT analysis)Did you know that there are four different yEarn Finance (YFI) forks present on the DeFi market? That’s right.
Today, we will be exploring YFII (also called DFI Money), a popular yEarn fork that has sparked quite some controversy in the crypto space.
❇️(coinmarketcap data: Rank #366 - kind:Token -On 23,458 watchlists
Market Cap :$87,601,361 - Volume 24h: $63,714,929 - circulating supply of 38,596 YFII coins)
What Is 🌟DFI Money or YFII🌟 ?
YFII or DFI Money is a fork of yEarn Finance. Like most forks in the crypto industry, YFII is very similar to the original chain but with key differences concerning some features.
In late July, a member proposed the YIP 8 proposal to the yEarn community with the goal of increasing the YFI supply with an additional 30,000 tokens to a total of 60,000 YFI.
As per the proposal, the new tokens would be distributed via the halving model Bitcoin uses, reducing the YFI issuance rate every week to decrease inflation.
While the community has already decided to issue new YFI tokens in the future (YIP 0), YIP 8 was rejected. The proposal’s critics stated that Bitcoin’s deflationary model was not suitable for yEarn and the community instead needs to create its own mechanism to combat inflation and issue new tokens.
Soon after rejection, the proposal’s supporters decided to launch a fork and create YFII (DFI Money).
In addition to minting new tokens, developers have implemented Bitcoin’s halving mechanism to YFII with some other minor differences in features compared to yEarn.
Now, the project has attracted numerous users along with multiple centralized finance players, crypto whales, and digital asset exchanges adopting YFII.
❇️“Defi plays got overly speculative earlier last year, as they often do in this industry. We can see some of those flows now moving back towards bitcoin, with bitcoin dominance trending upwards post the DeFi sell-off.”
It is clear that DeFi activity is slowing down, but some believe this is actually good in the long run.
- Lanre Jonathan Ige, a researcher at Amun AG — an issuer of cryptocurrency exchange-traded products in Europe — told :
“The mellowing in immediate hype for DeFi will be disappointing for the short-term trader but is likely good overall for the industry. The bubble over last summer was not sustainable but did show that various aspects of DeFi (lending, trading, DAOs) are actually useful for particular use cases .”
references: academy.aaxpro - coinmarketcap-cointelegraph
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✅TECHNICAL ANALYSIS
As we can see in the weekly timeframe logarithmic chart for YFII/usdt, The current price roam about $2300 ,
already price is in the support range, if it can not maintain it, it will fall in the demand zone, which will again supported by buyers. But it seems to be preparing for its next move of the third wave. For which we consider medium and long -term goals of $ 3,000, $ 6,000 and then $ 10,000, and if the defi season starts at the same time, it can go beyond the previous ceiling and hits other offensive targets.
(Anyway, my constant suggestion to my dear community is to buy step by step (or in a few steps) , With proper capital and risk management and by setting stop-loss , To reduce their risk, because Because this crazy market also depends on the odds and there is no certainty.)
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👉This analysis is my personal opinion and you are responsible for your own trades or invests.
❤️with Best Regards and successful trades
👍plz hit that damn like button if you like it
🔥 YFII Long Term ChannelYFI has been trading in this channel for nearly 5 months now. At the moment, YFII is residing at the bottom of the channel. Seeing the bullish behaviour of a lot of cryptos at the moment, I see a bright future ahead for YFII.
This trade is based on the continuation of the channel.
Since the channel is quite big, expect a long term trade which could potentially take weeks to reach the R1 and R2 targets.
Before entering this trade wait for the price to close above the Entry line. Higher time frames yield a higher predictive power.
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs . Do your own due diligence.
Happy trading!
YFII/BTC Next move Sounds interesting!In daily TF, MACD shows some bullish sign also we can see RD+ on both RSI and MACD.
Price is trying to form a double bottom pattern.
If Price could break downtrend line so it will go higher.
YFIIUSDT 1D Long setup; W-formation long after consolidationTA explained
YFII created this huge W-formation. It seem to have completed the pullback of the latest impulsive move and ready to go for a retest of previous top and surpass it for higher targets
Trade setup
Best entries: 1994 - 2292
TP1: 3199
TP2: 3994
TP3: 4903
TP4: 5997
SL: 1599
RR: 7.03
Max leverage: 1x
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Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
