YFIUSD 30min: Decision time!Congrats to those that followed the previous post, huge gains today. All levels remain the same, as we see on the 30 min chart YFI needs to make a decision. Follow the levels accordingly after the pennant breaks, good luck to all.
As always: feel free to comment your outlook, ask questions/ comment a pairing you'd like me to publish. links to previous YFI & XRP TA below
Cheers,
Tony
YFIUSD.P trade ideas
Is there more upside & KEY levels to watch for*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I may also own or trade any of the symbols and cryptocurrencies mentioned in this video so do not make your trading or investing decisions based on this video. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky. Affiliate links are also included in this same video description section here and if you decide to support me by using any of them, I may receive a referral bonus or commission.
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#YFI potential bearish divergence on 4HWant to start with the misunderstood fact: it's enough to have a higher high and a lower RSI level to call a bearish divergence
That is the biggest mistake new people make with TA. Bearish divergence is only confirmed once you have a local top.
The best way to trade this is wait for a local top on a lower time frame like 1H and then enter a trade.
Good Luck!
YFIUSD 4HR Chart says it all.
-long if we close above 25k with buy volume also disproportionate of the past sell volume (sell volume looking weak at time of publishing)
-Short if we close below and reverse volume scenario to the above statement.
-I recently made an account as returning to a more normalized daily life seems to be far on the horizon. I work in the industry and figure I may as well start publishing material instead of answering 100 txts/dms after my normal 8-5 and help some people out. hope you all enjoy, would love to hear any thoughts apposing my view, and am happy to publish material on any security posted in the comments with the most likes. I dont have time to login here more than once a day, inherently thats my best gauge of interest without having to scroll.
Best of luck to everyone, cheers!
-Tony
Bullish pattern apparent - KEY supports & resistances to watch*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I may also own or trade any of the symbols and cryptocurrencies mentioned in this video so do not make your trading or investing decisions based on this video. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky.
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*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
THESE could hint either a continued uptrend or a pullback*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I may also own or trade any of the symbols and cryptocurrencies mentioned in this video so do not make your trading or investing decisions based on this video. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky.
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YFI to 35k - How long will it take to get there?YFI has shown its Bullish potential over the last week, as price has bounced off the MA50 on the 1D chart, and the MA50 crosses up and over the MA100 on the 4HR chart. Currently it is at the top of the Keltner Channel, signifying a correction.
We may not have a big enough bounce off the MA50 to keep us out of danger in the short term, so we could see another drop back down to areas of higher support, and a consolidation. MACD crossover shows it favors the Bulls, which was what brought the token into gains of over 100% recently. RSI is at 59, which is a perfect buying zone to be in, as this increases to 70s or 80s we will dip into the overbought zone and have our potential correction.
Otherwise, if this does play off the MA50, we should see it reach the goal in a shorter timeframe. 35k is not the end, just the level that YFI needs to become relevant in mainstream. There was a lot of buying pressure recently, as YFI dipped down to 8k, which saved it from further danger. But its not out of the woods yet.
Bulls & bears intersect here - what to possibly expect next*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I may also own or trade any of the symbols and cryptocurrencies mentioned in this video so do not make your trading or investing decisions based on this video. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky.
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Stop yearn'n, bro.So far we've been on target getting these last couple of price moves in. Next year is what everyone has in mind for anticipation. What will we see? Well only a super forecaster would know. Following the up trend from the low clear patterns were able to be seen, but moving forward I believe we will enter murky waters. I missed my target, left a good price point too early, waited things out and incurred minimal damage. Now I'm in a good position so the waiting period begins.
From the low, the elliot wave patterns can be followed up till the end of the month. No clue what pattern will emerge next. But I am calling a huge wave 3 looking past the noise and side way consolidation. This may very well be the last time we see these lows, as well as in any other crypto currency, that is yet to be seen.
Happy hunting.
Can it happen?Going back to the $15,000 mark will prove rather difficult, but the correction has started... Time will tell. If anything we'll know the results by Sunday. The next entry target is the $16,250. If we're lucky we'll fall back to fill the two gaps labeled. I plan on scaling into this one since trading software timing will be critical.
If none of this happen no biggy the price will float to 27K, as it's final target before the next retrace-ment. I'm calling the next up trend a wave 3 so the retrace-ment will be $5000 down(wave 4) to the 20K, next soaring past the $25,000 (wave 5). There's plenty of opportunity here take your time and plan some good entry's. There's no rush and the market is here to stay.
Price action recap & next key resistances predictions*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I may also own or trade any of the symbols and cryptocurrencies mentioned in this video so do not make your trading or investing decisions based on this video. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky.
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*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
YFI - Golden Cross on 3HR chart, and lower timelinesYFI looks like it is going to bounce back from the lows it has hit recently, after a huge surge this summer. The entire DEFI market plunged, except for Chainlink and REN - however YFI changed ownership recently, and is looking for some growth.
Higher Time Frames 4HR and 1D are converging on a golden cross, but the MA50 could bounce off the MA100 with downward selling pressure we have started seeing. I believe if there is a sell off, it will only be temporary, and YFI is otherwise a great buy going forward. Wait for signal of MA50 to cross up and over MA100 on 1D for any purchases.
Its still a sellers market for a little while longer. The patterns all messed up now. The shake out was suppose to be bigger the buyer rallied together to claim the victory. The best case scenery would be to watch for more side ways consolidation in case you missed you entry point like I did. "thanks coinbase" So far we hit our target of 15,000 however slightly, but the fight is just beginning. The rally upward will be a big one so bring your space suits.
On a more serious note currently it's a buyers market, but I believe we will retest the $15,000 so be patient. The wave two got broken by the fear, but RSI has at least one more dip left in it. The correction will be a Zig Zag or a Flat, but it's to early to tell. The retest should happen soon before it off to the moon. My opinion matters.
KEY support & resistance levels to watch in this pullback*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I may also own or trade any of the symbols and cryptocurrencies mentioned in this video so do not make your trading or investing decisions based on this video. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky.
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*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
YFI Looks to have new huge increase trend - buy signal Alert - Xwill come the Defi time back to YFI? we will not know this 100%, but depending on last chart study it looks YFI ABOUT TO Increase huge to 20K area at last.
Long term expecting and not day trade
Expecting if we follow this trend that YFI will breakout to 20k area.
Have good time all
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