YFIUSDT
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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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/USDT - Part 2 - 20% profit/2 Targets. CongratulationHello dear friends.
Congratulations to everyone again who took advantage of this trade.
Thank you for following me.
I ask everyone - observe risk management, money management, do not overstate the lot in the position. Trade with stop loss and be smart about your trade.
I am also mistaken, but I am mistaken, and one bad recommendation leads to big loss - if you do not follow the points that I wrote to you above.
Respectfully all, Your Opptrade
YFIUSDT is about to break a CUP formationHey all,
I'll keep it short. Look at the weekly and the daily charts. We are above the previous highest WEEKLY close right now and heading up to test the previous highest DAILY close . MACD is curling up in the daily. What usually happens is that we break a previous resistance and come back to test it. So, I expect YFIUSDT to test the previous highest daily close and come test the previous highest weekly close. Then? Once we get a close above the previous highest daily candle, the sky is clear.
I estimate price to up as high as $63,000 and I got this target by assuming the price will move up the same amount with the depth of the cup.
This is NOT a financial advise. I am just sharing my analysis with you to get a feedback from the community.
Thank you!
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.
$YFI about to go parabolic!$YFI the biggest lagger of all defi coins is not sitting at the very important support.
Reasons to be bullish:
Whole defi is exploding and YFI is the biggest lagger.
New vault incoming in next 10 days.
Huge volume spike after which descending volume waiting for the expansion to the one side or the other.
YFI was a leader of the first DEFI bluechip run.
Once it started it went vertical and it also ended the DEFI summer.
APY across the board are increasing, ALPHA project skyrocketing.
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.