YFIBTC trade ideas
💡 It's a great buy opportunity in YFIBTC @iearnfinanceTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.6128). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. YFIBTC is in a rangebound and beginning of an uptrend is expected.
. The RSI is at 37.48.
Take Profits:
TP1= @ 1.1099
TP2= @ 1.4280
TP3= @ 1.7060
SL= Break below S2
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💡 It's a great buy opportunity in YFIBTC @iearnfinanceTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.6128). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. YFIBTC is in a rangebound and beginning of an uptrend is expected.
. The RSI is at 37.48.
Take Profits:
TP1= @ 1.1099
TP2= @ 1.4280
TP3= @ 1.7060
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Make sure to leave a comment. Let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
$YFI/BTC 2D (Binance Spot) Symmetrical triangle break and retestYearn.finance is accumulating for next big move upwards I believe, let's start filling a bag here!
Current Price= 0.74025
Buy Entry= 0.74040 - 0.68540
Take Profit= 1.12290 | 1.85740 | 2.65770
Stop Loss= 0.54840
Risk/Reward= 1:2.5 | 1:6.98 | 1:11.86
Expected Profit= +57.62% | +160.72% | +273.06%
Possible Loss= -23.02%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 2880h
[DAY] Elliott Waves Forecast for YFIBTCYFIBTC shows a very distinct ABCDE pattern that started on Sept 12th 2020 and ended on Feb 9th
The pair is now bullish with 5 waves swing completed on Feb 12th
Now the question remains whether the correction ended or whether we are in a B that will be followed by a C towards the 0.77 level
I prefer the second scenario considering the current choppiness of the market
At contrary if the previous high is overtaken, it would be a strong buy signal
The mid term/long term target is not well defined but in any scenario it would be of course higher than the major A
See further updates in comment section