YFIUSDT: Fast Short Possible (04.01.2021)On D1, the price broke through the uptrend, after which a correction “zigzag” downward pattern was formed.
At the moment, a correctional "zigzag" pattern is also forming, but upward and on H4.
The downtrend border has become resistance for the price rise.
In addition, RSI (at H4) has reached the overbought level.
In our opinion, the price can test the 76.4% Fibonacci resistance level at h4 (28500), after which a rapid decline is expected to the 14000 level, possibly lower.
We recommend planning short sales of YFIUSDT in the range of 28000-30000 in order to take profit at14000, possibly lower.
YFIUSD
yearn.finance (YFI) - January 1Happy New Year!!!
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You should watch for any movement that deviates from 20530-26467.
We need to see if we can get support and climb in the 14927-20530 section.
If it falls at 17973, you need a Stop Loss to preserve your profit and loss.
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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Hence, the interpretation is the same as the conventional Stochastic RSI indicator. (K, D line -> R, S line)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closed price
G2: Market price at the time of opening
(Example) Gap (G1-G2)
YFI 12h H&S Reversal Pattern and Possible Strong Price FallIt looks like the YFI price is facing dark times.
On the chart, for the second time, a H&S reversal pattern is drawn.
A few months ago, we were one of the first to publish the idea with the H&S on the YFIUSDT chart and it worked out perfectly.
Now, again there is a threat of a sharp price fall.
Below $22,500 there is still a level of $21,000, and then there is an emptiness up to $16,750.
The volumes suggest that there is no interest in the coin.
The only thing we can control in the market is compliance with risks.
According to the TA canons, after the fall, the price must test the base of the H&S for strength from the bottom.
However, the global targets for the figure fulfillment are in the zone of $11,500-13,000.
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YFIUSDT (Resistance line Breakout)#YFIUSDT Technical Analysis Update
Resistance Breakout
YFI/USDT currently trading at $26600
LONG ENTRY level: 24500 to 25000
STOP LOSS: Below $23700
Resistance level 1( Target 1): $26900
Max Leverage: 4X
ALWAYS KEEP STOP LOSS...
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YFIUSDT H16: BEST Level to BUY/HOLD 75% gains(SL/TP)(UPDATED)Why get subbed to me on Tradingview?
-TOP author on TradingView
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-24/7 uptime so constant updates
YFIUSDT H16: BEST Level to BUY/HOLD 75% gains(SL/TP)(UPDATED)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: YFIUSDT 16hour chart review
::: updated/revised outlook
::: buying low still makes sense
::: chart looks good /strong
::: some resistance overhead
::: expect pullback off 31650
::: expecting short-term pullback
::: BULLS BUY any pullback/dips
::: TP bulls +75% gains
::: BULLS get ready to BUY after pullback
::: TP bulls is +75% gains later
::: expecting a run up until 36800
::: FINAL TP is 36800 BULLS
::: recommended strategy: BUY/HOLD after pullback
::: BUY LOW 21000/22000 BUY/HOLD
::: TP BULLS +75% gains
::: SWING TRADE: BUY/HOLD IT
::: bull run not over yet
::: good luck traders!
::: SHORT and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS
::: Sentiment short-term: BEARS/PULLBACK
✳️Yearn.Finance/USDT Analysis (14/12) #YFI $YFIYFI is still fluctuating in a wide range of 20000-30000$ and has yet to determine its next trend.
It is still too early for YFI to initiate a downtrend because the November's rally is so strong that it will easily continue this December. Just surpassing the 28000-29000$ zone, YFI can completely increase to 40000$.
However, one thing we need to keep in mind is that the volume of YFI when oscillating at this top zone is decreasing and could form a Diamond pattern if YFI loses the 24000-25000$ zone, and it will fall to 18000$ zone.
📈BUY- LONG
-Buy: 24000-25000$. SL B
📉SELL-SHORT
-Sell: 28000-29000$. SL A
-Sell: 38000-40000$. SL A
♻️BACK-UP
-Sell: 24000-25000$ if B. SL A
-Buy: 18000-19000$. SL B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
YFIUSDT (Channel breakout)#YFIUSDT Technical Analysis Update
Channel Breakout
YFI/USDT currently trading at $25700
LONG ENTRY Level: 25800-2600(only enter after 4-hour candle close )
STOP LOSS: below $24300
Resistance level 1 (Target 1) :$27100
Resistance level 2 (Target 2): $29400
Max Leverage: 3X
ALWAYS KEEP STOP LOSS...
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YFIUSDT - Potential breakdown 🔽YFIUSDT is printing a descending triangle pattern.
Sell entry ⬇️ - breakdown below the descending triangle horizontal support.
Target 🎯 - fibonacci extension levels / descending channel support.
Setup invalidation ❌ - breakout above the descending triangle inclined resistance
YFI ( Add to watchlist )YFI / USDT
Possible Breakout of trendline in 4TF
if this pattern successed the potential targets can be up to 30k-32k zone
watch it carefully
The ema 100 act as support and local support (green area) hold as wells
The price shouldn't break and close below to remain bullish
WORTH ADDING TO YOUR WATCHLIST
this is no financial advice
Good luck for you all 🌹
YFIUSDT may re-test $20K supportHi friends, hope you are well and welcome to new update on YFI token.
Priceline moving in Fibonacci projection zone:
After taking bullish divergence from potential reversal zone of bullish Butterfly, the priceline is still moving within the Fibonacci projection or sell zone area.
After rejection moving toward support:
After being rejected by $30K resistance now the price action is moving towards $20K support and likely to form a parallel channel within these support and resistance levels. While the price action is forming higher highs on the other hand the RSI is forming lower highs, therefore there are more chances for the continuation of bear trend.
The channel can be changed:
If the price action will be bounced from 100 and 50 simple moving averages then the movement can be changed from parallel to up channel.
The harmonic BAT move:
On daily chart, the priceline of YFI token is also completing the final leg of bullish BAT and for the completion of this leg the priceline may move down between: $21128 to $ 19773 then it may move up from this potential reversal zone.
Conclusion:
All indicators and patterns have confirmed a move upto $19773 but we should use the potential reversal zone of bullsh BAT as stop loss because, if it will be broken down then the bear trend can be continued.
Note: Above idea is for educational purpose only
YFIUSDT completing final leg of BAT| Upto 23% move expectedThe previous idea produced more than 281% profit:
Now on daily time period chart, the price action of yearn.finance (YFI) is completing the final leg of bullish BAT and soon it will be entered in the potential reversal zone. There is also a 50 SMA support in potential reversal zone.
Buying And Sell Targets:
The buying and sell targets as per Fibonacci sequence of bullish BAT pattern should be as below:
Potential reversal or buying zone: $21128 to $ 19773
Sell or Fibonacci projection zone: $ 29342.54 to $ 24359
Stop Loss:
The potential reversal zone area that is up to $19773 can be used as stop loss in case of complete candlestick closes below this level.
Possible profit and loss ratio:
As per above targets this trade has a profit possibility of 23% and as per the above-mentioned stop loss, the loss possibility is 6.5%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
YFIUSDT completing final leg of Butterfly | It can be 1600% moveThe priceline of yearn.finance (YFI) is completing the final leg of bullish Butterfly, the targets as per the Fibonacci sequence of Butterfly are:
Potential reversal or buying zone: $11060.76 to $2044.12
Fibonacci projection or sell zone: $18058 to $34994
Regards,
Atif Akbar (moon333)
YFI Looking Bullish after reporting ~$4m Net Income: PT $33kYFI is looking particularly bullish after reporting Net Income of $3.8m .... this is a big deal in the crypto space and I think we can easily see this token reverse this weekend and into next week and take out local highs of $33k before bigger moves up.