YFI/USD - Waking up to $44k, $66k next!YFI finally woke up after sleeping for almost a month. We did a nice re-test of the previous ATH level and actually exceeded it slightly, only that we were quickly pushed back down.
Nevertheless, the momentum is very bullish on YFI with an expanding MACD and RSI about to break into overbought territory. Volume is also growing nicely, so this pump has legs to stand on. These are all bullish signals.
Once we clear the current resistance at $44k we should be a on a path towards $66k. I definitely see YFI reaching at least $100k longer term, so this is a good hold for a longer term position.
For now, wait to see how price reacts at this resistance level, then if breakout happens good time to enter. You can also explore longs at support, if we happen to drop there again.
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YFIUSD
YFI - 12h. Update of the historical high and correction to 33000After the update of the historical high, the BTC price stop had a positive effect on the YFI market. Yesterday's attempt by BTC sellers to start the correction did not greatly affec t the price of YFI . On the contrary, buyers today have managed to update the historical high and show their willingness to continue the price movement in the white wedge.
From November 19, buyers can not break the upper trend line of the wedge. Buyers broke the mark of $ 40,000 and tested an important range of $46,500-48500 . There will be a serious struggle in this critical range, as the next medium-term price movement will be decided.
If buyers are unable to break through this range, there is a risk of starting a global correction with a final target of $21000-22000. The first stop is at $33,000
Otherwise, the growth trend will accelerate.
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YFI Breakout Setup | YFI All time highYFI cryptocurrency price is ready to break above the trend line.
YFI cryptocurrency token price can move higher and higher after breakout above the 40K.
Buy when price breakout above 39500.
Funny thing about bitcoin price is that YFI will be more expensive than bitcoin in very short time. after breakout above the 44.4K All time high.
Buy below 40000
Stop : Daily close below 25000
Target : 45K , 58K , 70K , 95K , 120K
YFI break out soon YFI had its sell off, had its exploit, and increased supply from 30k to 36k. Sold off, now we are looking to go higher. The project team have used the newly minted 6,000 coins to pay anyone who lost money in the exploit (which will be paid back to the project through usage fees). Almost every defi project has seen gains, YFI being the one the started it all is well over due for a major pump.
If break up to upside, next stop 40k (short term) long term 100k)
If it fails to break out, support at 28k
Yfi/USDT - Price exit from the triangle.Also a coin for thought.
Now I am not giving any open recommendations, I am just writing to you what suits me for long positions, and you already think.
I do not trade for you, you take on all the risks.
And each of you should understand trading, if you crave quick money out of thin air - sorry, this is not a casino. This is not a lottery. This is a full-fledged job, and no project will bring you any profit if you don't even know what it is about.
The Triangle patternThe Triangle pattern is forming in wave 4 from the first ascending wave of point 3
As you can see in the image, the uptrend is completing in the first ascending wave from point 3, currently, the price is in wave iv of this wave. The triangle pattern is formed and by crossing the price from the range of $ 34,985 we can get the confirmation for the uptrend, and we can go for the first target of $ 54,700.
YFI 2021.02.07Everything shows an increase, depending on the volume of transactions, the specified goals can be considered, there is also a downward trend, but the probability of a decrease is very low. Unfortunately, with the news of the currency being hacked, everything fell apart and fell behind the market.
YFII the little brother is ready - Altseason 2021YFII is a coin of great interest. Its the little brother of YFI, one of the DEFI leaders that will also shine soon.
In my opinion YFII as bottomed out on the daily.
I know its hard to keep up with all those coins looking so juicy and i get asked a lot : how do you invest in all of them?
Simple : when a I own coin pump (XVG, SC, FET, SXP this week), I sell 1/4 or 1/3 of the position at the 1st target on chart.
That way i get money to invest in the new findings that DIDNT pump yet.
Targets on charts may take 2-4 weeks to complete in my view.
Trade safe!
🆓Yearn.Finance/USDT Analysis (27/1) #YFI $YFIYFI is in a correction to $22-23k zone, which is a good buy zone and we can expect a strong rally to $32k, $44k and even $65k in February.
📈BUY
-Buy: 22k-23k$. SL B
📉SELL
-Sell: 32k-33k$. SL A
-Sell: 43k-45k$. SL A
-Sell: 65k-67k$. SL A
♻️BACK-UP
-Sell: 22k-23k$ if B. SL A
-Buy: 16k-17k$. SL B
-Buy: 32k-33k$ if A. SL B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
YFI/USD - Trying its luck at $36k!YFI has found some good support on the ascending wedge and we seem keen to push higher to $36k.
We have some resistance before that is feasible, so let's see if we can pass the dotted diagonal which serves as immediate resistance.
Indicators on 4h are looking good to me, therefore short term bias is bullish. ETH and BTC also managed to hold at support and reverse higher, which is bullish, at least for now. See my ideas below for that.
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DOUBLE-TOP GRAPHIC STANDARD CONFIRMED! AND NOW? DAILY YFIBUSDTechnical analysis regarding the price of YEARN FINANCE in relation of dollar Binance for the next scenarios, based on daily movement.
The price has formed a double top chart pattern, already shrinking and is reaching the uptrend line to test it! The price has been moving upward, making funds / upwards, and the 34-period EMA is driving the price. However, the SAR Parabolic is in a downward movement, which I believe will end after there is a stagnation in this correction. (If the double-top pattern is concrete, the tendency is for the price to fall! But I believe in this cryptocurrency and well, the price will be able to seek the projected bullish targets (green lines) and continue with the valuation! it's a good one!
disclaimer
*** This is not a recommendation to purchase and/or sale. It is for educational purposes only. ***