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YFIIUSD

YFII Again Rejected By Resistance | Was It A Bull Trap ???Hey friends, hope you are well and welcome to the new update on YFII token. Previously the price action broke down the support of the pennant on daily chart. But in a very next candlestick we can observe a powerful buying volume therefore while re-testing the previous support as resistance the price action of DFI.Money re-entered in pennant. Finally the price action of YFII token also broke out the resistance of this pennant. But the priceline is still below the exponential moving averages with the time period of 10 and 21. For confirmation of the change in trend from down to upside we need crossing above these EMAs 10 and 21 and a bull cross between these EMAs as well. In my previous post we have seen that on small time period 4-hour chart the priceline of YFII token broke down all simple moving averages with the time period of 25, 50, 100 and 200 and there was a big distance between all these moving averages and the candlesticks. At the moment the price action is again breaking out the 25 SMA and soon it can also breakout the other simple moving averages as well. For complete trend change from down to up we need the closing above all these SMAs. On daily chart the price line is also completing final leg of bullish Butterfly. But the priceline cannot complete this leg because if we see the trader’s interest as per volume profile of complete price action of this butterfly. Then it can be clearly observe that trader’s has no interest to trade below $800 and this can be last support as well. The priceline has also a very strong resistance at $2600. In my previous article I also mentioned this resistance and now the priceline is rejected by this resistance. So the previous short rally to the upside worked as a bull trap for many traders. However the priceline is moving with the pivot 1st support and point of control of the volume profile. Conclusion: The priceline is moving with pivot 1st support and point of control of volume profile therefore is the priceline would be moving here sideways and in the meanwhile if it will cross up the EMA 10 and 21 on daily chart and simple moving average 200 on 4 hour chart. Then it can be possible that the trend will be completely changed from down to up side. And if the volume profile will start showing interest of traders below the $800 level in coming days then more drop can be possible as well.
by moon333
2
YFIIUSDT: Possible Long (16.10.2020)At D1, the price has broken up the downtrend line. The trading volume increased significantly, and a good initial impulse was formed. On H4, the price set a new high at $ 2500. The Ichimoku cloud is pointing up. At the moment, the price is slowly decreasing within the framework of the expected correction. Fibonacci levels of 61.8%, 50%, 38.2% will become good support. Besides, the RSI also declines to the oversold level, at which the price decline can stop, and a rapid rise begins. We recommend buying YFIIUSDT from the Fibonacci support level, and RSI oversold level, to keep the position above $ 3000.
YLong
by QubitLife
1
Warning !!! YFII Has Broken Down All SupportsHey friends hope you are well and welcome the new update on DFI.Money token. On small time period 4 hour chart the priceline of YFII token was moving in a descending triangle and finally broke down the support. On 4 hour chart the priceline also has broken down all simple moving averages with the time period of 25, 50, 100 and 200. Therefore once the priceline will move up it will need to breakout all these resistance levels of SMAs. On the daily chart the priceline of DFI.Money has broken down the support of pennant. On daily chart the priceline of YFII token is likely to continue its movement within a down channel. At this time the priceline is likely to test the support of this channel again. The moon phases indicator is showing a new dark moon is appeared below the support of down channel that is another bearish signal. The lowest support on daily chart at $800 can be seen as well. Volume indicator showing powerful sell volume. Volume oscillator is showing powerfull sell oscillation with the value 35. Conclusion: As in my previous article I predicted that if the priceline will break down the support of Gartley then it can move more down to form Butterfly pattern. In order to complete final leg of Butterfly the price action of YFII token needs to retraced between 1.27 to 1.618 Fibonacci levels. But these levels are in negative territory therefore it is not possible for priceline to move down than $0 level. The volume profile of complete price action is showing traders interest upto $716. Therefore We can expect that in most bearish scenario the priceline may hit the spike upto this level and then it can reverse bullish. The point of control of volume profile is at $1250 and the pivot point of daily chart is at $5700. So in case of bullish reversal the priceline can move between these levels.
by moon333
YFII/USDT (Key Support Failed?)💎Technical Analysis Summary💎 BINANCE: YFIIUSDT -The key support failed and the price fell down by -19% -Can we see a support test to flip resistance? -There is a chance the price could pullback -But this will be a selling opportunity by the Bears -I recommend entering a short position if we see a sign of weakness -Downside target is 2000 dollars psychological support `````````````````````````````````````````````` Trading Involves High Risk Not Financial Advice Please Exercise Risk Management `````````````````````````````````````````````` If You Like My Daily Published Ideas A little Help By Supporting My Channel Through Leaving A Thumbs Up, Comment & Follow Happy Trading! --> Thank You! :) ``````````````````````````````````````````````
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by PolarHusk
10
YFII/BTC (Test the Swing Top Resistance?)BINANCE: YFIIBTC -YFII is following a strong uptrend after breaking the 0.555 resistance -If we will see a small correction in the next day -Previous resistance must hold to continue a strong rally up to 0.826 -Or consolidate above the green line and let the 12MA/20MA to catch up -The RSI is above 70 so might expect a little cooldown -Follow risk management and do not FOMO ^Trading involves High Risk ^Not Financial Advice ^Please exercise Risk Management **If you like my daily Published Ideas **A little help by supporting my Channel **Through leaving a Thumbs Up, Comment & Follow **Happy Trading! Thank you! :)
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by PolarHusk
6
YFII: Decentralized Finance and Market PsychologyIf you like this analysis, please make sure to like the post! I would also appreciate it if you could leave a comment below with some original insight. In this analysis, I'll be explaining the speculative nature of the alt-coin market, exemplified by the defi hype. Analysis - It's extremely difficult, almost impossible to apply technical analysis to the newly listed Defi coins on major cryptocurrency exchanges - They have very little price history data, and most of their fundamentals in terms of project development, is questionable to say the least - In the case of YFII, we can look at the hourly chart to speculate its next move - As the 'Defi-hype' is not over yet, there is still a lot of capital flowing into altcoins, and bullish movements are supported by high volume - Based on market psychology, people who have missed out of the YFI opportunity, are jumping into YFII, in fears of missing out - Based on the trend, we can see that a "U" shape recovery is taking place, with potentiality for YFII to hit its previous high once again - It has gone up over 100% already from the local bottom, and has an 80% upside to the next top - The Ichimoku cloud confirms the bullish trend, as prices are trading above the cloud. The cryptocurrency altcoin market, currently driven by the Defi-hype, is just another phase of a speculative market after the 2017 ICO phase, and 2018 STO phase. Don't predict the market. Take it by levels, and play by probabilities. - Michael Wang-
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by Michael_Wang_Official
8