YFIUSDT
YFI/USD - At critical support - will it hold?YFI is in a critical spot in the larger pattern testing the ascending support line and previous top support line.
If we fall from here, then we're going much lower. Next support levels are on the chart at $25k and $21k.
Unfortunately the daily indicators are not encouraging, both MACD and RSI can fall much more.
Unless we get some nice buy pressure soon, I don't see how YFI can last another drop from BTC / overall market. Nevertheless, if that happens the first support line is not that far down.
Unless we get some buy pressure soon, I do not recommend buying here, wait for price to give more signs of reversal.
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YFI / Final analysis 2021.01.21Final analysis: The trend will be determined in a few hours. Given that BTC dominance is being maintained, we are probably nearing the end of the market downturn and the uptrend will begin in another hour. In this diagram, three possible trends are identified.
Red, green and white arrows
YFI UPDATE 2021.01.19If the candle is closed above bb --> 60,000$ , the upward trend will continue and it can be achieved in 4 models with different colors.
If the candle is closed above 60,000 bb, the upward trend will continue and it can be achieved in 4 models with different colors.
The chart is a bit confusing but it will be a climb in summary, you can check and analyze the trend by choosing any color.
YFI.USDT (Y21.P6.E2).Looking for an entry.StalkingHi All
(ref.W.chart)
YFI is coming along nice. In my previous post, I caught the breakout and cashed in the profits.
Now revisiting the chart, I see it coming along nicely and if it plays out the higher high, meaning continues a macro trend, then I will be very interested once it breaks resistance and does the retest for the former resistance.
Such charts or price action give lots of % on the support area as I stated.
Look a my PARSIQ chart or the 1INCH chart, you will see the move there.
Lets hope it comes along and more importantly we don't miss it.
All the best,
S.SAri.
NOTE: The entry at the lower time frames requires its own strategy. This cannot be covered here as we don't know how it would look like at the time if or when it comes.
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YFI long termYFI has yet to regain its ATH against ETH. YFI is the powerhouse of the defi ecosystem, yet has underperformed compared to AAVE or UNI. As both ETH and YFI enter a bull-run caused by defi, YFI will outperform ETH which itself will enter parabolic new highs. Expect long term value-creation.
ALT Season - What to look in to choose a coinWe waited for it since 4 years, alt season is on the corner. We see first movements on most bullish alts like RSR, VET, REN, etc.
But what is the most important right now : find those that didnt pump yet. And when they do pump, make sure we roll profit in some
alts that didnt pump yet.
Here is my best trick for you : they all tend to follow BTC 2020 parabola pattern. BUT THEY ARE LATE. We see them coming!
We see it in all category of alts : from Major caps to shitcoins.
I give you an example here with RSR, one of the most hyped alt coin.