YFIIUSDT The next GemTrade Analysis based on price Action.
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YFIIUSDT
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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YFII: Makaveli & The YFII BULLS(Exposing Bulls Next Plan)YFII Seem to be on a downtrend for sometime now but that is all about to change for YFII. My YFII target are pretty simple 3 target Take Profit points.
Currently we are yet to see a breakout from the current side ways market but the higher timeframe show we are not far from this breakout point.
I see The resistance that the bulls will need to conquer for this breakout to occur is at the range of 2380 to 2600.
Bulls these bulls look prepared and will most likely to attempt a break of this resistance soon that will lead the bulls to my first target around $3600 to $4600.
Now mind you that the $3600 to $4600 is actually a much sturbone resistance area and Here, also lies a strong chance of push down by the resistance that is likely to kick
bulls to fall back to $3200 to $2800 support.
My second and final target base on weekly chart is, 2nd TA = $7600 and 3rd TA = $9000
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YFI Weak price action YFIUSDYFI showing little bullish action
Within a channel
A sort of head and shoulders pattern has emerged, (what I would classify as a H&S, some wouldn't)
Thick grey line is where I expect price to land, this would be the best spot to enter for a long position
First chart for YFI
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)
VET giving a hint of the direction to follow - Altseason 2021Market rhymes.
By looking at some coins we see structures repeating and accomplishing the same pattern.
We call that fractals.
VET is front running alt coins and is showing what could happen to a lot of them.
Here is my list of coins that I hold and that have the same srtucture to follow (and didnt pop) :
YFII, XTZ, CRV, SXP, ONT, REN. Avax have the same kind of structure but even more violent.
A lot of other coins should be in this list but those are my favorites.
Bullish Trend of YFII/USDTDue to the uptrend, we are expected to have a growth up to the resistance range