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YFIUSDT

YFI/BTC (Trading Inside a Descending Channel)BINANCE: YFIBTC -YFI is trading inside a descending channel with a series of LH and LL -If the price keeps respecting this channel, it may retest the key support at 2 BTC -I recommend waiting for the price reaches key areas or until the channel is broken -A drop to 2 BTC is more than -20% so let's wait and see how the market will react below `````````````````````````````````````````````` 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! :) ``````````````````````````````````````````````
by PolarHusk
10
YFI in a 6-Day 🐂 Flag!YFI is in a Bullish flag that is about to retest the downtrend line of the flag, roughly testing $38.250 - 13% If the downtrend line breaks, I expect a peek at least to $42.000, so that can be the second TP - 24%. IF the price of YFI breaks the $42.000, I expect to rise all the way to $45.000 (33%) and if this level is also broken, maybe even $50.000 (47%). RSI has found support and is forming new higher high. MACD is giving first tick of buying wave. Price found support at 200EMA. We are in a 6-day bullish pattern called Bull Flag . The setup is invalid if the price breaks below $29.000, that would mean over 10% loss. And remember not to get too greedy, there are many other good alt coin trade opportunities. All the best! Tibor
Long
by TiborVrbovsky
8
YFI - Still Bullish (No mint for YFI token proposal)A bit cooled off from the highs (Coinbase pro event) and on the support atm. But despite this still has a room to grow. But there's still a proposal to "burn YFI minting ability permanently" which I'm excited about. And it's winning right now, so I assume it will be implemented. Thus, no YFI minting can ever take place again! This could have a significant impact on the price if adopted. Hit the "LIKE" button and follow to support, thank you! Information is just for educational purposes, never financial advice. Always do your own research.
Long
by Bitduke
3
YFI about to perform 14% move from bull pattern!YFI is currently in an ascending triangle which is an bullish pattern. The price has already broken the resistance area of the triangle and confirmed it as a support, and the move up is already happening. I don't expect YFI to retest the ascending triangle uptrend line, but it's a possibility. Either buy market or buy the break of $36.688. Take profit below $39.000 and below $41.500 If the uptrend line of this ascending triangle gets broken, that would invalid this setup. Good luck! Tibor
Long
by TiborVrbovsky
9
BITCOIN - breakout still possible to 11k increase trend comingAs we have seen we got rejected by last increase, we already have try 2 times to breakout with BTC, and dont worry, we still have the option for the trading way : 3 lines trading , and thats exactly what happend now. Bitcoin could still breakout to 11k+ and i see it still as up trend. BTC did breakdown 3.60%, what are normally recovery trend. Can we breakdown also? sure, everting at btc possible. but as the trends looks now its increase trend, and waiting the long term 11k. # SPX shows also a signals of increase, but could be good for BTC. whale effect? The most whales still holding BTC. there should be no sell panic. If you like my post, pleas follow and like Thank you
Long
by Protixder
9
YFII: Decentralized Finance and Market PsychologyIf you like this analysis, please make sure to like the post! I would also appreciate it if you could leave a comment below with some original insight. In this analysis, I'll be explaining the speculative nature of the alt-coin market, exemplified by the defi hype. Analysis - It's extremely difficult, almost impossible to apply technical analysis to the newly listed Defi coins on major cryptocurrency exchanges - They have very little price history data, and most of their fundamentals in terms of project development, is questionable to say the least - In the case of YFII, we can look at the hourly chart to speculate its next move - As the 'Defi-hype' is not over yet, there is still a lot of capital flowing into altcoins, and bullish movements are supported by high volume - Based on market psychology, people who have missed out of the YFI opportunity, are jumping into YFII, in fears of missing out - Based on the trend, we can see that a "U" shape recovery is taking place, with potentiality for YFII to hit its previous high once again - It has gone up over 100% already from the local bottom, and has an 80% upside to the next top - The Ichimoku cloud confirms the bullish trend, as prices are trading above the cloud. The cryptocurrency altcoin market, currently driven by the Defi-hype, is just another phase of a speculative market after the 2017 ICO phase, and 2018 STO phase. Don't predict the market. Take it by levels, and play by probabilities. - Michael Wang-
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by Michael_Wang_Official
8