YFIIUSDT
YFI Is Dropped 54% And Still More Drop AheadHey friends, hope you are well and welcome to the new update on YFI token.
As in my previous post, I told you even I warned that the price action of YFI token can be crashed upto 90% more. And sofar it has dropped more than 44% in USD market and 54% in Bitcoin market.
Below two basic reasons were base of my prediction for the drop.
1. The formation of the head and should pattern.
2. The formation of final leg of bullish butterfly pattern was expected YFI token in USD market and in Bitcoin market as well.
Formation of bullish Butterfly in USD market:
Formation of bullish Butterfly in Bitcoin market:
At this time it can be observed that the priceline of YFI token has last support at $4684 in US Dollar market as below:
At the same time the price action of year.finance has the Last support at 0.40140 in the Bitcoin market as below:
On the 12 hr chart the price action of YFI token has also formed a double top and turned more bearish.
On daily chart it can be observed that the MACD is turning bearish and the Stochastic has given bear cross. And EMA 10 has formed bear cross with EMA 21. Now even though the priceline has entered in the potential reversal zone of bullish Butterfly but we can wait for EMA 10 to cross up the EMA 21 before placing our buying orders. And also wait for the indicators to give bullish signals.
Conclusion:
The YFI token is very strong bearish and can move more down from here but at the same time it is in the potential reversal zone of butterfly as well. Therefore we need to keep an eye on different indicators and signals carefully before placing the buying orders. Because even though the bullish Butterfly can produce upto 1600% big bullish rally but the potential reversal zone is also very wide.
Yfii/btc the bleeding never stopYfii/btc
Strong pressure sells
Bleeding not look like it will stop soon
And lost its last Immediate support 0.13200 sat
And since we dont have another support we can
expect the next one on Reverse fibo 1.618
Around 0.04000 sat
YFII USDT 4HHello friends
Today we are at your service by examining the yfiI currency trend.
The YFII currency has been declining since the first day it was listed, not meeting the expectations of people who thought it would rise like an older brother.YFI
YFII has had a downward trend since day one and could not get out of this trend.
In the region from 1740 to 1945 there were attempts to defeat the trend but it was not approved and returned to the downtrend.
In general, the market trend is downward, but in the price zone 1385 to 1297, there was good support from cows. If the market continues its downward trend
Targets
1385
1297
1217
If YFII can break its downtrend line from the price of 1385, we will see the targets
1593
1740
1945
...
THE crypto market is full of risk and opportunity.
This analysis is only my personal opinion. Trade with your experience and knowledge.
Thanks for sharing your opinion with me.
yfiiusdthave big bang in altcoins yfi and yfii seller in this price is big loser reall price is 7000~14000 in yfii total is 400,000,000,000$ total 2 148,000,000,000$ yfi markert cap 400,000,000$ YFII IS 65,000,000$ TOTAL NUMBER YFI IS 30,000/30,000 YFII 40,000/40,000 WHY DFI MONEY? best network for sent and recive coin polic dont can find coin sender or riciver in yfii or yfi network wanna have 0.15 btc than 21,000,000 or 1yfii than 40,000 new technology ,yfii coin like dimond and gold ,this coin dont have bilyon number like dgb or doge or trx ... please study and work with brain fall reasen is website margin lequid ,dont sell big bang is near
YFIIUSDTBINANCE:YFIIUSDT brokeout below the descending triangle support as expected from my previous analysis. RSI pattern breakout confirmed the sell entry.
YFIIUSDTPrice is consolidating in an ascending triangle pattern. Breakout is imminent . Breakout of RSI triangular pattern could be used as a confirmation. Possible price action indicated ⬇️⬆️.
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.
YFI in a Daily Falling wedge .YFI is in a daily falling wedge that has a bias to break to the upside and can often change trend, which is currently downtrend.
First target is $21,100 (43%)
RSI has bottomed and is giving slight bullish divergence, MACD has given second buy tick today, confirming a buying a wave. As long as Bitcoin doesn't drop below $12k this setup should go well.
Good luck!
Tibor
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.
LONG 20% YFII / USDTPerfect area to enter a purchase in YFII with a take profit of 20% and a stop loss of 5%.
Any comment is welcomed!
Greetings from Buenos Aires
yfiiusdtbuy and hold we have technical and fundamental reasen number total this coin is 40000 this market cap redy to fire like big brother yfi .dfi money have new sistem very beter than bitcoin or other altcoin now have best price dfi sistem in yfii is best of world polic dont can search adress and sent dont have comison you wanna have for now 6/40000 or bitcoin 1/21000000 i say for all best technical we have 700% pump