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
YFIUSDT
$YFI/USDT 3h (Binance Futures) Descending channel on midlineYearn.finance is down-trending but supply zone seems to be holding and RSI is showing strength.
That's why expect it to break bullish even if that pennant is usually a bearish one!
Current Price= 27961
Buy Entry = 27995 - 27569
Take Profit= 29213 | 30672 | 31905
Stop Loss= 26633
Risk/Reward= 1:1.25 | 1:2.52 | 1:3.59
Expected Profit= +20.60% | +41.60% | +59.36%
Possible Loss= -16.56%
Fib. Retracement= 0.236 | 0.382 | 0.5
Margin Leverage= 4x
Estimated Gain-time= 1 week
YFI/USDT (25k-28k Strong Support Area?)💎Technical Analysis Summary💎
YFI/USDT
-YFI is now retesting support area #1 for the 3rd time
-Technically, this is not good because it tends to become weaker over time
-if the bulls failed to hold this area, expect the price to test the next layer of support at around 20k
-But if buyers will able to sustain at the current price level in the coming days
-A potential retest of 38k-42k dollars is highly possible
-This is a waiting game, also, don't forget about Bitcoin's current structure
-Always manage your position size in times like this
-Good luck traders and stay safe!
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$YFIUSDT - The last support standingHello everyone!
Bearish flag is about to complete it's formation.
There is a support which might stop the dump, but we'll see if it withholds the drop.
THE TREND ARE LONG AGAIN - BE READY FOR NEXT INCREASE TREND BTC.Hello trading friends,
Bitcoin looks to make a new increase trend from 33700 trends.
and before we start an update as the first and most important one .. not Bitcoin, not increase but your risk management , even if you place 33700 As SL would be great. think about this, this is the reason that most lose, because of not using stop limit.
And back to the trend.
Yes, it seems bitcoin is going to increase again. CME gap did before and FSR rejection has also done - and trend coming back.
We will follow the trend and watch what of changes it will do, and about our main target of 36k
Have a great coffee time.
Like/follow for more charts.
$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.
YFI Elliott wave countYFI possibly finishing wave 4 here. this count will still be valid if it dips further, unless it dips below wave 2. since it has already dipped below wave 1 this can only be considered a leading diagonal, otherwise the count is invalid.
if this plays out as a leading diagonal, then the top of this cycle can easily be located when near the trendline resistance that connects the tops of wave 1,3 and 5
on of the possible Top locations would be around the 1.618 fib level from the 4th wave which places it around 140k
the current indicated waves can be confirmed by the MTF Wave stoch RSI (2nd indicator from top) on different timeframes...
$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.