yearn.finance (YFI) Again Rejected By $30K ResistanceOn daily chart, the priceline of YFI token has again been rejected by $30K resistance.
The price action also has good supports of 25, 50 and 100 SMAs. If the price action will breakdown the 100 SMA, then it can re-test the $20K previous support as well.
On 4 hour chart the price action of YFI is also moving above 50, 100 and 200 simple moving averages.
Now the priceline is using these SMAs as good support. We can use the 200 SMA on 4 hour chart or the $20k price level support as stop loss.
Now 1st the priceline may form an up channel if it will be bounced from an up trend line. If it will break down the 100 SMA or the 20K support level, then we can expect another Shark move like previously the price action did.
YFIIUSDT
YFII Printing Bullish Signals In an Ascending TriangleYFII has been printing bullish signals within an ascending triangle and a bull flag. Set your alert on TradingView on the breakout of this bull flag and let the price action ride. Targets (resistances) are mapped on the chart.
YFII / USDT ascending channel YFII / USDT
🌟 Techincal Analysis 🌟
Price is moving in ascending channel
And we can see big wick Happened yesterday
Because high sell pressure due to BTC drop
But finally buyers showed strength and a upper hand
And now price in bottom the channel (lower trendline)
If the Local support hold and price didnt close below the channel
There is high chance we can see nice pump like i expect in chart
This is not a financial advice
Please have a plan before trading and use stoploss
Good luck and happy trading 🌹
YFII 2+ week playSimilar to YFI, but the laggard so more catching up to do, higher r:r but likely will move slower.
YFII vs TetherUS Looks Better Then YFIIBTCThis is the last one, YFIIUSDT.
Looking at YFIIBTC, these two are very, very similar but the USDT pair for this one is more "advanced".
Here we have prices already trading above EMA21 while at the same time challenging EMA10.
Moving and staying above these two levels is a bullish development.
Prices also managed to move back above the Fib. retracement support level and the RSI is already strong.
With a little more momentum coming from the bulls and we can see prices go up.
Conditions for change
If momentum is lost and prices move back below EMA21 and the low hit Nov. 26, then it is likely YFIIUSDT will test lower support levels.
Namaste.
YFIIUSDT - Possible price actions YFIIUSDT is testing the descending channel resistance.
Price action is printing a descending triangle pattern.
We could see a breakdown below the triangle support⬇️ or a breakout above the descending channel resistance ⬆️.
YFII - Short term FIB long targetsYFII broke the previous trend line, looks like it bottomed out. If this bottom stays then the FIB retracement looks pretty identical to the previous wave. New long FIB targets.
YFII - Short-Term Pattern: Adam And EveAdam is a term that describes how the bottom looks, in this case, a narrow, pointed bottom, perhaps with a one-day downward spike. Eve bottoms are more rounded looking and wider. If they have spikes, they tend to be more numerous and shorter. Many times the difference between Adam and Eve is the width of each over their entire height. Adam bottoms tend to remain narrow but Eve bottoms widen over their height. When trying to decide which is which, ask yourself if the two bottoms appear different or similar. With Adam & Eve, the two should look different (the first narrow and the second wide).
YFII ( YFIIBTC ) Price now at Trend Line Support YFII YFIIBTC
#YFII $YFII
#YFII trading setup
price now at trend line support can bounce off here
YFII $3000 LONG TargetYFII bottomed out earlier this month at $1299, bottom support level, and has found support above it and reversed knocking out long TP’s along the way up.
Fro here, $2585 (TP1) is already 1st touched and rejected, just like clockwork touched this $2050 support and now going back long again towards $2585 and upwards. Right now, this looks a bit like a relief rally, but i’m not too worried about that because this is still in a bullish momentum uptrend and with the price of Bitcoin rising this coin will reverse and continue to rise.
What is YFII?
YFII is a DeFi protocol that facilitates yield aggregation and uses a token halving model to ensure equitable distribution of tokens. It is a fork of YFI. Decentralized lending is the driving force behind decentralized finance (DeFi) projects.
Entry targets should be placed around $1962-$2050 support zone going long to these TP’s
Long Targets
TP1 🎯 $2585
TP2 🎯 $2982
TP3🎯 $3214
As always please do your own research, I am not a financial advisor.
YFII / USDT EDUCATINONALIt is not investment advice.
Remember, the mother of crypto coins is bitcoin.
YFI 1D The last bastion of sellers' defenseThe previous idea worked out in a positive way. During the week the price made +50% , and in just 10 days of growth +90% .
Having broken the "Head and shoulders" base, buyers announced their serious intentions.
Now the price has stopped at the last bastion of sellers' defense, the zone $30,000-31,000 . It was not possible to break it the first time.
The rollback to the Head and shoulders base $21,000-22,500 , and then it will be decided where further.
The tradinf delta will show what prevails: sales or purchases, as well as the general mood in the crypto market, will tell where the price can move next.
The global targets are impressive, as are the volatility on the coin: either $44,000 or $10,000.
The main thing is to follow the algorithm of actions described above and adhere to it.
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Can bulls stay above THIS support & break this resistance?*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I may also own or trade any of the symbols and cryptocurrencies mentioned in this video so do not make your trading or investing decisions based on this video. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky. Affiliate links are also included in this same video description section here and if you decide to support me by using any of them, I may receive a referral bonus or commission.
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YFII 1E Watch out! Sales or Savings?The previous idea worked out completely in a week. The YFII price made +50% and is now in the critical zone $2400-2600.
The next few days will be crucial.
Fixing the price above $2600 and, accordingly, a breakout of the channel upwards, will open the way to the levels $3100 and $4100.
If by the end of the week such a breakout does not occur, then there is a high probability of a strong fall.
Below are still the levels $1700 and $1400.
And below $1200, a strong acceleration of the fall to $500 is possible.
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ALTCOIN About To Explode Higher ALTSEASON 2020MartyBoots here. I have been trading for 13-14 years and I am here to share my ideas with you to help the Crypto space.
Bitcoin Bull Market could be here right now
YFII Is Very Bullish right now and should move a lot higher
If you want help trading Bitcoin or any other ALT coins hit me up , We will improve your trading
YFII vs TetherUS (675% Potential Mapped To $16.487)This is the one you've been asking for...
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Let's get started!
Here we have the YFIIUSDT chart... Looking nice/strong/bullish.
This might be one of the last charts I publish for this pair.
YFIIUSDT is moving higher, it is moving together with YFIUSDT.
The charts are not the exact same but the cycles are going together.
They both are moving bearish/bullish at the same time.
Today we have prices strongly moving above EMA50, which is the bold magenta line on the chart.
Above this level, we can see strong growth (green arrow).
Below this level, we can see a retrace still followed by additional growth.
YFIIUSDT Chart Signals
We have the "3 Heads Pattern", which is like the Head & Shoulders but it doesn't need to be exact. We just get 1, 2, and 3, and that is that... This normally leads to bullish growth.
The trading volume is good, it continues to increase.
The MACD histogram is now full green.
The MACD is trending higher and above zero (bullish zone).
The RSI indicator is also super strong.
These are all of my classic signals...
The ones I mention basically in all charts.
In order to read charts, we don't need any fancy tools, we just need a strategy that works.
Here I can tell you, based on these signals, that YFIIUSDT will continue to grow.
Thanks a lot again for reading.
Thanks a lot for your support.
Namaste.