yfi fractal at resistanceonce this diagonal is closed above we will see a big push to ATH again for yearn.
a rejection here could see a pullback to the blue diag
YFIUSD
Morning #crypto traders... I look at #BTC #ETH #LTC #DOGE + #YFI#YearnFinance just went NUTSO, didn't it.. HOLY MOLY
YFI 1D Careful with long, active sales started, drawing PinbarWe missed something about YFI and haven't analyzed it for a long time, but in vain)
YFIUSDT price came to life and soundly updated the maximum, new ATH $95,000
After yesterday's strong growth, today at the daily candlestick, the price of YFIUSD begins to draw a pinbar. And if today the value of the token of the Yearn.finance project closes in the range of $80-85K, then a Pin bar will finally form, which in turn will be perceived by traders as a strong reversal signal.
The consequences of a reversal after such growth are difficult to assess, however, we note that the strong liquid zone where YFIUSDT longs were accumulated is $30-44 thousand. If we take a little narrower, then the range of $34,000-37,500 can be considered a tasty zone for investment long term.
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YFI (Yearn.finance) Token Analysis 15/03/2021Fundamentals:
Yearn.finance is an aggregator service for decentralized finance (DeFi) investors, using automation to allow them to maximize profits from yield farming.
Its goal is to simplify the ever-expanding DeFi space for investors who are not technically minded or who wish to interact in a less committal manner than serious traders.
Launched in February 2020, the service, formerly known as iEarn, has seen huge growth in recent months as new products debuted and developers released in-house token YFI.
Yearn.finance set out to simplify DeFi investment and activities such as yield farming for the broader investor sector.
The platform makes use of various bespoke tools to act as an aggregator for DeFi protocols such as Curve, Compound and Aave, bringing those who stake cryptocurrency the highest possible yield.
New features continue to be rolled out, these aiming, among other things, to help preserve the long-term value of the platform.
Yearn.finance makes a profit by charging withdrawal fees, currently 0.5% at the end of September 2020, as well as 5% gas subsidization fees. Due to its governance model, these can technically be changed by consensus at any time.
The target market for yearn.finance is investors who do not have the time to study the increasingly complex DeFi phenomenon from scratch, or who wish to optimize their returns.
Yearn.finance is the brainchild of Andre Cronje. After leaving the iEarn project in February 2020, Cronje returned to oversee a rebirth, with new tools emerging and YFI going live in July.
Since then, its fortunes have turned around, with assets under total value locked coming in at just over $1 billion as of the end of September 2020.
Cronje has a long career in cryptocurrency and has become synonymous with DeFi in particular. He also has positions at smart contract ecosystem Fantom and CryptoBriefing, a resource dedicated to initial coin offerings (ICOs) and crypto media.
Technical Analysis:
as you can see the price is Rallying in a PitchFan and there exist a Hidden Bullish Divergence between the Price and MACD Histogram which is the sign of trend continuation.
there are total of 2 Targets specified by the Fibonacci projection of the initial wave and their confluences with the PitchFan levels.
#YFY broke out huge!!! !00 K next stop!I was calling for #YFI to hit $100k before #btc
(whilst it was still in the pattern)
hope a couple of u guys got on board... I know one person did!!! good for you.
My old Friend YfiBuy in Red zone
Targets on green zone
invalid if go under Yellow line
Good luck! :D
Note: This Chart does not provide financial advice.You can use the information from the Chart to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading
Great buy opportunity in YFI🚀Hello guys
As we can see price is moving in Ascending triangle from few days, we can expect a Breakout from Green Resistance box or maybe we can retrace to 0.61, 0.5 or 0.38 FIB level before we head to the Resistance.
- Wait for the Candle closure above the Green Resistance box.
- Put your Stop Loss below the breakout candle or green support area.
- Take Profit:
1- $63000 (1.27 FIB level)
2- $69900 (1.61 FIB level) or Trail it with a Trailing SL.
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YEARN FINANCE - YFIUSD - Next big 1000% rally ?!YEARN FINANCE - YFIUSD
We have a nice big base here and the wave count suggests a potential Leading Diagonal with a very shallow wave 2 which indicates lots of underlying strength here.
Otherwise, we might be in a Flat correction meaning we'll see price go below 37600-ish soon.
Personally I favor the bullish view because of how RSI has been always staying above 40 and sometimes even went overbought since that low in Novembre.
Yearn.finance perfect both vs USD and BTCYFI had an insane pump over the summer and it reached 1B marketcap from 0. That clearly was unsustainable and the aftereffects where clear. Everyone was hyped about YFI for a really long time but the chart looked weak. Anything that got added to the YFI ecosystem initially did well, except YFI. However now it is very clear that there is a breakout both in USD and BTC terms.
On YFIUSDT the ATH has turned into support, while on YFIBTC we have an incredible floor. Looks like a gigantic Adam & Eve bottom + a mini inverse Head & Shoulders at the end, right after breaking the diagonal resistance. No idea how well can this do right now as most coins are up 20-30% over the last 2 days, but to me there is much more to it. Short term a pullback down to 48000 wouldn't be unreasonable
Yfi Usdt good area Hi guys
I showed my idea on chart. Trend haven't broken trend is your friend it can go higher in future buying here is good i think.
What are your thoughts let me know in comments
Have a nice day
YFI 1H BUYAlso set some Buy orders near the Trendline
Remember no more than 5% of the deposit in one trade
SL: next sell signal
1YFI = 1 BTC1 YFI = New all-time high (55k$ +)
YFI did a fake breakdown from the bullish pennant and is now ready to move higher.
Tp= 1 btc.
Don't sell your bags cheap.
Andre Cronje send YFI into price discoveryYFI has been moving to the beat of its own drum these past few weeks. It looks to have bottomed against BTC and is about to have a second coming.
1st target is 68-73k. 2nd target 83-85k. 3rd target 106-108k.
#YFIUSDT #4HHi guys..its the latest analyze chart of #YFIUSDT in 4H time frame(folowers Requested analysis) .if you are interested any crypto that you want analyze with me and any questions please do not hesitate and comment below the chart!
if u like it press like-comment and folow me.thx
YFIUSD ($YFI) ready to moveYFI looks like it is ready to take off.
It broke the Sep20 high in Feb21 however it could not hold. It has now broken then Sep20 high again and is showing much more strength. Volume has surged and RSI is 70+.
If price can hold above the green box then this will pump hard.
This is a swing trade. Be sure to give it time to play out.
YFIUSD D1: BEST Level to BUY/HOLD 130% gains(SL/TP)(NEW)Why get subbed to me on Tradingview?
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YFIUSD D1: BEST Level to BUY/HOLD 130% gains(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: YFIUSD D1 chart review
::: updated/revised outlook
::: buying low still makes sense
::: chart looks good /strong
::: some resistance overhead
::: expect pullback off flip zones
::: expecting short-term pullback
::: BULLS BUY any pullback/dips
::: TP bulls +130% gains
::: BULLS get ready to BUY after pullback
::: TP bulls is +130% gains later
::: expecting a run up until +100%
::: FINAL TP is 66000 BULLS
::: recommended strategy: BUY/HOLD after pullback
::: BUY LOW 28000/30000 BUY/HOLD
::: TP BULLS +130% 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
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.
Bullish reversal on YFIBreak and close above the horizontal line could indicate a change of sentiment. May even look to enter on a retest of the horizontal line.
Larger diagonal break with volume would confirm. Setting a moderate target (green line).
All eyes on BTC.
YFIUSDT Cup and Handle PatternYFIUSDT (1H CHART) Technical Analysis Update
Cup and Handle
YFI /USDT currently trading at $36800
Buy-level: Above 37000 (only buy if 1h candle closes above 37000)
Stop loss: Below $35400
Target 1: $38,000
Target 2: $39,000
Target 3: $40,000
Max Leverage: 3X
ALWAYS KEEP STOP LOSS...
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YFI 1H BUYAlso set some Buy orders near the Trendline
Remember no more than 5% of the deposit in one trade
SL: next sell signal
LONG YFIUSDPlaying a potential 5th subwave to finish an overall 1. Bullish count
However, we could see an extended correction sideways and of course downwards.
YFI triangle breakout was expected will it reach 50000.00 ?YFIUSD
YFI is an Etherium token that governs the yearn finance platform. And the current market cap was around 84 Million in Indian value. The price of the YFI
will mostly correlate with Etherium classic,cardano and steller lumens.
We have identified triangle pattern in YFI as the weekend traders will try to push the price lower towards lower side of the trend line where we can buy this coin
this will give us a high risk reward ratio and the potential upside target would be 43700 which is current all time high.2021 high was 40000.00 and 50000.00 will
act as strong topside resistance for the bull yfiusd
long $YFI - 4 hour supportpossible place to punt a long on $YFI here. if this level fails, look to buy the lower green line at $23.6k-ish.
