$YFIUSDT - These two scenarios on the watchHello everyone,
Seems like YFIUSDT created a local ascending channel and has tested it's support line recently.
This channel may also act as a bearish flag pattern, hence a jump to 35700 and 37145 is possible, after which the pair will most likely resume the downtrend.
The second scenario is when the YFIUSDT is not able to stay above the support and goes down when it breaks the lower edge of the channel.
YFIUSD
yearn.finance (YFI) - June 17Hello?
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(YFIUSD 1W Chart)
If the price is maintained above the 23950.81209-30217.97887 volume profile section, it is expected to continue the upward trend.
(1D chart)
It needs to rise above the 41556.95449 point and find support for it to turn into an uptrend.
If it falls in the section 27103.87763-33310.02219, Stop Loss is required to preserve profit and loss.
However, careful trading is required as it can touch the 23950.81209 point and rise.
We'll have to wait and see if we can climb above the 45722.31205 point.
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(YFIBTC 1W chart)
We recommend keeping the price in the 0.97822-1.34250 range to continue the uptrend.
You should also watch to see if you can move up along the uptrend line.
(1D chart)
It remains to be seen if the 0.92560-1.01163 zone can find support and move up.
The price must hold at least above the 1.01163 point in order to transition into an uptrend.
If it falls from the 0.95260 point, you can touch the 0.66748 point, so you need a Stop Loss to preserve your profit and loss.
However, it may follow an uptrend line, so you need to trade cautiously.
If it fails to move above the 1.18371 point, it could lead to a downtrend and you should also think about how to respond.
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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 the 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 the indicator.
** 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 to make a profit 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)
YFIUSD: 1D watching possible Adam and Eve patternAs above.
Watch for breakout above 50-51K neckline for possible confirmation of Adam and Eve pattern on 1D.
~ 61-63K range may be potential target if that is the case.
Need to see increase volume and MACD crossover signal line as well.
Good luck trader!
$YFIUSDT - Long only above $51KHello everyone.
There is a similar inverted head and shoulders looking pattern being formed on most of the altcions.
Since there is no confirmation, I highly recommend you not to buy or go long especially with leverage.
Yearn Finance is in a descending channel, probably a bullish flag though lacks some momentum, breakout is needed for the confirmation of the short-term bull run.
YFIUSDT $1,00,000 Soon!YFIUSDTUSDT(Day CHART) Technical Analysis Update
Resistance becomes support
YFI/USDT currently trading at $67,000
Buy-level: $62,000 - $67,000
Stop loss: Below $52,000
Target 1: $75,000
Target 2: $81,000
Target 3: $90,000
Target 4: $1,00,000
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
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$YFIUSDT - Retest of this resistance as support looks promising Hello everyone!
When the market is down there are several alts that remain strong, one of which is YFI, the others are AAVE, COMP and during the last days - ETH.
YFI tested the previous dynamic resistance as support which gives a clear sign of bullish continuation.
With almost 2 billion long liquidations money will start flowing in from vaults.
The market at current is still overpumped but will stabilize on few days. YFIUSDT may drop to 64600 before another upside attempt.
💡Don't miss the great buy opportunity in YFIUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (67795).
. 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 56.
Take Profits:
TP1= @ 77342
TP2= @ 82812
TP3= @ 88058
TP4= @ 95008
TP5= @ 100000
SL= Break below S2
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