YFIUSDT Squeezing and Converging/Trading strategyBINANCE:YFIUSDT
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1H trend chart
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Long-term consolidation zone(pink rectangular) has formed a neckline and we can regard it as support zone now.
Price hit 37458.75 on 10/8, then keeps converging in a triangle formation, direction is still unknown.
So just wait for a break from this triangle, it might go up or down, but we tend to break it up because it's close to the support zone.
If the upper downtrend line can be broken out, trading strategy as below.
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Profit Targets:
a) 37458.75----Fib(1)
b) 39525.01~40360.63----Fib(1.272~1.382)
c) 42153.42-----Fib(1.618)
Stop losses:
a) 33284.69----Red horizontal ray
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YFIUSD
💡Don't miss the great buy opportunity in YFIUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (33074.02).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. YFIUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 54.
Take Profits:
TP1= @ 35050.55
TP2= @ 37510.70
TP3= @ 40701.10
TP4= @ 44013.91
TP5= @ 47181.85
SL= Break below S2
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YFIUSD D1: 100% gains BEST LEVEL TO BUY(SL/TP)(NEW)Why get subbed to me on Tradingview?
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YFIUSD D1: 100% gains BEST LEVEL TO BUY(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: YFIUSD 1days/candle chart review
::: ABCD setup in progress
::: speculative setup
::: do your own due dill / use SL
::: currently ACCUMULATION MODE
::: point D is near 22 000 USD later
::: BUY/ACCUMULATE near point D
::: strong bullish chart for a BOUNCE
::: up to 100% gains possible later
::: short-term pullback possible
::: bulls wait for pullback
::: SPECULATIVE SETUP
::: do your own due dill
::: and use proper risk management
::: TP bulls is +100% gains
::: details: see chart
::: FINAL TP is 45 000 USD / mirror S/R level
::: recommended strategy: BUY/HOLD after correction
::: best entry near 22 000 USD
::: TP BULLS +100% gains BUY/HOLD
::: SWING TRADE: BUY/HOLD IT
::: bull run not over yet
::: good luck traders!
::: BUY/HOLD and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS/PUMP/45000
::: Sentiment short-term: BEARS/PULLBACK/22000
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Mega Long YFI 50% profitHi guys here, inviting and recommending to invest your savings in YFI to get 50% profit.
Personally I made a spot buy trade, to ensure profits I will place a T/P of 50%.
If you are going to open a futures trade, I recommend taking risks and not going over 10x leverage.
I recommend you to make this trade in Spot.
"With this shot, the bullet hits the target."
Let's see if YFI breaks out hereFalling wedge, break out and 40k is min target. Get beyond 40k, we could head towards 50. Fail to break out and we could head towards a new low in the low 20s. We stopped 3 times in the same area, with a slightly higher low each time. Chances seem good here.
Yearn has been correcting and consolidating for over a year now. If it's going to move again, it may be one of our first movers in this next push.
MY MINIMALIST CHART ANALYSIS FOR $YFI9.6.21
My Minimalist Analysis of $YFI
Indicated are key levels of support and resistance using small and large range boxes TO ENTER A SWING TRADE (Short - Long).
Watch out for patterns, EMA, and your Fibs.
Further Analysis on price action is required on a 1HR-4HR chart when entering or closing a trade, depending on your risk appetite and trading style.
Disclaimer: The findings/predictions of the following analysis are the sole opinions of the publisher of this idea and must not be taken as investment advice.
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etoro.tw
YFI / USD - Should revisit near 0.5 Fib @ ~52-54kSimple chart here - YFI completed a W pattern here when it broke its neckline and successfully stayed above it after re-testing multiple times.
I'm expecting a move that gets us pretty close to the 0.5 fib as shown on the chart, and targeting somewhere between 52-54k, may see some psychological resistance at 50k.
$YFII Breaking outYFII currently sitting above descending channel resistance. Candle closure will confirm breakout.
If break out is confirmed, expecting a uptrend towards $5160.
$YFIUSDT - DivergenceHello everyone!
There is a divergence on YFIUSDT!
While the Relative Strength and the Volume is going down, the price is going upwards.
The explanation to this is that all crypto are following Bitcoin but at some point buyers would start accumulating their profits, hence we are looking to short it.
YFI Price Target for End of 2021 Current Bull Cycle #YFIEstimating YFI has bottomed in red shaded are, the next resistance level in yellow. If broken and turned into support, YFI could continue to run towards green price targets near end of year 2021. Blue bars are a copy of run from mid Nov 2020 to May 2021, right after last time dotted yellow trend line was touched. If run goes into early 2022, second price target range identified.
YFI Sell the breakdown.YFIUSD - Intraday - We look to Sell a break of 30932 (stop at 31707)
Pivot support is at 31000.
Bearish divergence is expected to cap gains.
A break of bespoke support at 31000, and the move lower is already underway.
Expect trading to remain mixed and volatile.
Our profit targets will be 28828 and 28228
Resistance: 32500 / 34000 / 34800
Support: 31000 / 30500 / 30000
yearn.finance (YFI) - July 26Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a nice day.
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(YFIUSD 1W Chart)
If the price holds above the 30217.97887 point, it is expected that the uptrend will continue.
(1D chart)
If the price is maintained above the 30217.97887 point, it is expected to turn into an uptrend.
To accelerate the uptrend, it should rise above the 41556.95449-44016.68250 section.
If it falls in the 18875.52633-23950.81209 section, it is expected to enter the mid- to long-term investment area, so careful trading is required.
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(YFIBTC 1W chart)
If the price holds above the 0.57339 point, it is expected that the uptrend will continue.
(1D chart)
It remains to be seen if the 0.7561-0.82127 zone can find support and move up the 0.97822 point.
If the price is maintained in the 0.82127-0.97822 range, it is expected to turn into an uptrend.
If it declines from the 0.73120 point, it is expected to enter the mid- to long-term investment zone, so careful trading is required.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed in 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 section where you can buy for profit creation as a support point or section
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. 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 are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)