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YFIUSDT

YFIUSD on BitfinexHey everybody, today we are going to take a look at the famous prodigy in the Defi Space YFI. As you all may know it, YFI is really famous among the crypto community. Its founder is making deals after deals, the latest one being with $Sushi, if you have not heard about it go take a look. Anyway, let's start with the view, as you may know it YFI is quite volatile as its price move in the thousands almost everyday, which is cool in a sense as it offers a lot of opportunities to trade it. In the graph, I am not going to put some technical staffs but talk about different scenarios for the price of YFI. They are 3 scenarios in my opinion right now for YFI. I will weight them in term of probabilities. First scenario (10%) - YFI Follow Bitcoin and trades in the same range and does not move that much from the 28k to 24k, that is not very likely as the Defi space evolves in a different dimension from Bitcoin. Even if Bitcoin influences the price YFI moves greatly independently from Bitcoin, it can be seen in the price action and the correlation with Bitcoin. Second scenario (60%) - YFI bearish view, falls and goes into in 18k territory, which would be a good news actually as a lot people are waiting for YFI to fall to buy it. We could see some good price action as to see if goes right back up and goes beyond its ATH following Bitcoin or continue to fall. Third scenario (30%) - YFI goes full Bearish and visits the 10k area, it is not likely but cannot be ruled out. This scenario is possible if the buyer are not found at the precedent levels and Bitcoin falls hard. Again, the probability is low but possible. anyway in this area it would going crazy as a lot people are waiting for this level but as always once something starts to fall the potential buyers start to feel a little hesitant as the possibility to catch some knives becomes real. Hope this article helped you or gave a good view on my views on YFI, If you read until here, thanks for your patience ! Please like or comment as I like to have opposing views and discuss ! Cheers, Cryptomamy
BITFINEX:YFIUSD
by Cryptomamy
YFI-4h. Buyers will be in danger below $26150.On 2 December, the level of 31,000 stood. It is difficult to call a new buyers'attack from 4 December as an attack. Despite the positive news, about yearn.finance and sushiswap joining, the trading volumes somewhere disappeared. The YFI price is kept thanks to BTC. After breaking $26,150, sellers will quickly reach $23,300. Let's see if buyers still have the strength to keep the trend line. ______________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
6
YFI/USDT : Long scenario is on track BINANCE:YFIUSDT Hello everyone 😃 YFI Breaks wedge and now its a good time for entry on retest. Also MACD is being bullish and EMA 100 is supporting movement. Our target will be 30600$ for long position. 🔴 Watch for rejection above wedge, If YFI enjoys wedge again, the neutral movements will continues... Attention : this is not a financial advise we just try to help people on their own vision. HAVE A GOOD DAY - Helical_Trades
Long
by Helical_Trades
yearn.finance (YFI) Again Rejected By $30K ResistanceOn daily chart, the priceline of YFI token has again been rejected by $30K resistance. The price action also has good supports of 25, 50 and 100 SMAs. If the price action will breakdown the 100 SMA, then it can re-test the $20K previous support as well. On 4 hour chart the price action of YFI is also moving above 50, 100 and 200 simple moving averages. Now the priceline is using these SMAs as good support. We can use the 200 SMA on 4 hour chart or the $20k price level support as stop loss. Now 1st the priceline may form an up channel if it will be bounced from an up trend line. If it will break down the 100 SMA or the 20K support level, then we can expect another Shark move like previously the price action did.
by moon333
1
✳️Yearn.Finance/USDT (28/11) View + Trading Plan #YFI $YFIYFI is still showing strong buying pressure after retesting the broken 18000$ zone as our previous analysis. The target for YFI is 30000$ and even 40000$. However, the 30000$ zone is very strong and it can cause the YFI to fall sharply. But if YFI falls out of the zone of 21000$, then YFI will continue to fall to 17500$ and even 12500$ 📈BUY- LONG -Buy: 21000-22000$.SL B -Buy: 24000-25000$ if A. SL B 📉SELL-SHORT -Sell: 30000-31500$. SL A -Sell: 40000-42000$. SL A ♻️BACK-UP -Sell: 21000-22000$ if B. SL A -Buy: 17000-18000$. SL B -Sell: 17000-18000$ if B. SL A -Buy: 12000-13000. SL B -Sell: 12000-13000 if B. SL A ❓Details Condition A : "If 1D candle closes ABOVE this zone" Condition B : "If 1D candle closes BELOW this zone"
Long
by CryptoStation
2