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YFIUSD

YFIUSDT Forms Triple Bottom and Falling WedgeYFIUSDT technical analysis update YFI has formed a falling wedge pattern, and the price is currently trading at its major support level, suggesting a potential bounce from the current range. A bullish move can be confirmed once the price breaks out of the falling wedge pattern. Additionally, YFI has formed a triple bottom and has been trading within the same range for the last 840 days. The price has bounced multiple times from this support, and we can expect a strong bullish bounce from this level once again. Regards Hexa
Long
by HexaTrades
YFI looks bearishAfter the big pump, the price has entered the correction phase. This correction seems to be a diametric. We seem to be in the g wave of this diametric now. By maintaining the red range, it can move towards the TPs. Closing a daily candle above the invalidation level will violate the analysis For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
Short
by behdark
2
YFI, prepping for an x2 surge soon! 8k to 16k again.YFI has been on weighty correction lately this past few weeks from its recent parabolic peak at 16k to the current 8k range. Based on the recent daily metrics, price movement is getting narrower -- registering triple bottom scenario. A long term shift is gradually transpiring. Buyers are now back in the zone accumulating. A prospect of a retest to 2x valuation at 16k is very high at this point. Spotted at 8000 TAYOR. Safeguard funds always.
BITSTAMP:YFIUSDLong
by JSAL
2
YFI Weekly Chart: Clear breakout from Resistance, aiming at 50KOn weekly chart YFI had a clear breakout from its well tested support at around 5000 range. After the bounce back from the support it went directly to 15k range within two week, this is a healthy movement. We can expect minor correct up to 10k in upcoming weeks. For long term trade we can enter around 12-14K and set our target for 20-25K range and potentially reaching 50k in the middle of the bull run. Like and share your thoughts in the comments. Follow us for more updates. Cheers GreenCrypto
Long
by GreenCryptoTrades
5
YFI/USDT Bullish momentum? 👀 🚀 YFI Today analysis💎 Paradisers, take a moment to observe YFIUSDT's current trajectory. It's nestled within a demand zone, signaling a strong chance for a bullish surge. 💎 Historical patterns show YFIUSDT has twice rallied upon touching the support zone. Presently, it's positioned in a demand zone, suggesting a potential breach of the supply level at 6058, which could lead to an encounter with higher resistance levels. 💎 Should the current outlook not hold, YFIUSDT may seek to retrace its steps to the support level for another bullish push. 💎 A drop below the support level could trigger a notable decline. While some market newcomers might be considering long positions at this juncture, the savvy trader should stay informed and strategic, anticipating market movements to make calculated decisions.
Long
by MyCryptoParadise_Simon
Bitcoin pullback setup for short entryNothing all too technica l besides the overextension that we have seen. Mostly a short-hunt in my opinion. I am mostly founding this short on the recent performance BINANCE:YFIUSDT had. For those who are new, YFI is a genius-shitcoin that once was deemed to be the next btc I guess? AFAIK there were no recent developments / implementations made but I stand to be corrected. 50% gain in this short period seems just too much eh? Perhaps it is a bit more overextended compared to BITSTAMP:BTCUSD but in a more distilled way. Shitcoins like this paint a perfect picture of the human greed and we can sometimes use them as refrences. TP's really arbitrary, yet I am following a close line around the ascending diagonal line cause it might act as a support.
Short
by dicetrade
5
will $yfi blow the roof off soonyfi had a nice response at the yearly show providing a $10k candle to the upside that his since retraced to the $8k region. whilst selling pressure has made a low on the OBV, the price has managed to stay above the last bearish candle open on the monthly chart. we now have a clear demand zone with unlimited upside potential, given that bitcoin seems to have found a local bottom / dxy has possibly peaked giving relief everywhere else. if yfi can break the diagonal and claim the daily at $11k then there is no reason yfi cannot test $22k upward, possibly even mid-high $40k, or just go nuts and hit the 1.62 fib at $150k, but baby steps for now ;-)
YLong
by TBTS
2