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YFIUSDT

YFIBTC - another BCH-like pump in the making ?Hello all, In the light of the recent very good breakouts against BTC (ETC,LTC,BCH etc), I would like to put your attention on another interesting pair. This is the YFIBTC (Yearn.finance), which is looking pretty interesting. First we go do the 1D timeframe where we saw the coin bottoming around 0.58 at the end of March after an exhaustive downtrend and a triple bottom formation-like movement. Now YFI is using the 21-day EMA as a dynamic support to move towards the horizontal resistance at 1. What I expect from here and have this as a trigger point, is a daily candle close above 1.05. This will open the door for a move towards the last visited high in the 1.5 area. This is an easy 50% move from the current price and is in line with the 160% Fibonacci extension from the last correction. This idea is also supported by the 1W chart where the YFIBTC just climbed above the 21-day EMA and we all know that this is one of the most trusted trend reversal indicators. If we go down to the 4-hour chart, we can as well visualize the pretty stable uptrend like leading to the horizontal resistance
Long
by FutureBlockchain
3
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. If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! . . . . . . . . . . . . . . And do follow me on Twitter for EXCLUSIVE Market updates: @mywealthstory Your Support is very much 🙏 appreciated! Happy Trading
Long
by mywealthstory
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
Long
by BitcoinMacro
YFI heading to find new price levels! As you can see YFI broke out its trend line and is now in search of new price levels. The trend line may become its new support level which will make YFI very bullish. However, the RSI seems to show a bit of overbought atm which is why I have added a "buy zone". IMO it's a wait for now for a pullback into the buy zone or a pullback onto the previous trendline. If YFI hits its previous trendline and bounces back up, it will be the confirmation that the trendline will become the new support level. Just an idea! ;)
Long
by tjinan