Opening A YFI Short PositionWell it doesn't look too good for YFI currently.
The head and shoulder pattern has completed and it looks like it will take the price down for the next couple of weeks.
$16,600 is the first support I'm looking at. That head and shoulders is a nasty one and I would not be surprised if the YFI price dropped all the way down to $4,000. I have my marks on the chart.
Be careful with your holdings and as always, Have fun trading!
This is not financial advice.
YFIUSDT
YFI Descending Channel/WedgeYearn.Finance needs to break out at around 21k and hold that finding support around 21.6k as this was support a few weeks ago until we broke it. If we
don't break above above 21k within the next few hours, we are most likely going to see it fall down testing around the 18k levels and if we break that, then it will be going much lower.
YFI quick market updatePlease feel free to share your view on this pair down below in the comment section. I'm more than happy to be challenged and have an interaction on this idea.
Also make sure to leave a like as it helps me out a lot!
------------------------------------------------------------------------------------------
Head and Shoulders Forming on YFIChart is self explanatory. If it breaks out of the right shoulder and holds a few days, the pattern is invalidated. However if it breaks below the neckline and holds for 1-2 days, we are going to tank to the lower support. RSI is the only potentially positive thing which shows room to the upside, but could still fall through the floor. Not investment advise just archiving my thoughts.
One Way Out For YFII have mapped a way out for YFI head and shoulders pattern.
Make sure to check out my past posts linked at the bottom. If YFI can hold these levels, and does not break the neckline, then we could see some upward momentum.
I have drawn out one potential path here. It would also be a head and shoulders bottom.
Good luck trading!
This is not financial advice.
Yearn Finance YFI - Symmetrical triangleWe are currently in this symmetrical triangle, the price creates higher low => uptrend is intact.
The red trend line can be very useful in the future, because you can sell/short when the time comes.
Bottom trend line really should hold for smooth continuation of the trend to the upside. Else this symmetrical triangle can become an descending triangle, which is bearish.
If you like this technical analysis, please hit the like button and follow me for more of these ideas!
Also, check my signature down below ↓
Lets do some pumpBINANCE:YFIUSDT
Hello everyone.
As we can see :
- MACD had a crossover and being bullish
- Stochastic is being bullish
- Helical indicator is being bullish
- Market is being bullish ( We believe its fake only some stop hunt, but we will use it ! )
- Descending channel
We forget to check YFI this last days so it means that we lose the dump.. But toke long from 24K to 33K in our previous post !
YFI likely have pullback from support so we take long on it !
Watch for retest on long-term support..
Attention : this is not a financial advise we just try to help people on their own vision.
HAVE A GOOD DAY
- Helical_Trades
YFI On Track For CollapseIt has hit the bearish points I am watching. It would need to break the neckline with uptick in volume to confirm the head and shoulders reversal pattern.
Make sure to check the linked post for my original targets.
Thanks for reading and good luck trading!
This is not financial advice.
YFI Might Be Topped OutWatching this one closely. A short might just be in store soon.
There is a head and shoulders forming on the BINANCE:YFIUSDT charts and it would be a rude decline if it completes.
I have the levels I'm watching for all marked out on the chart. Bearish in red and Bullish in green.
Bearish- $23550; $22110; $20771; $15374; $3988
Bullish- $26196; $25001
Enjoy trading!
This is not financial advice.
YFI - Ranging, another retest of $20k level is possibleAfter ~$32k rejection price is looking for support, the closest one is near $20k level.
Idea to catch some knives near $19k - $20k area, although it can be tested for the third time, I still think it's a good idea.
Hit the "LIKE" button and follow to support, thank you!
Information is just for educational purposes, never financial advice. Always do your own research.
YFI/BTC (Key Area of Support Retest?)💎Technical Analysis Summary💎
BINANCE: YFIBTC
-YFI unable to break the 3 BTC resistance area
-It is now going back to a previous key area of support
-With this, we can see a potential Bearish H&S pattern
-If you are looking to play Short position
-I recommend to Sell once the key support failed
-The downside target is 1.4s BTC range
``````````````````````````````````````````````
Trading Involves High Risk
Not Financial Advice
Please Exercise Risk Management
``````````````````````````````````````````````
If You Like My Daily Published Ideas
A little Help By Supporting My Channel
Through Leaving A Thumbs Up, Comment & Follow
Happy Trading! --> Thank You! :)
``````````````````````````````````````````````