YFIUSD.P trade ideas
MY MINIMALIST CHART ANALYSIS FOR $YFI9.6.21
My Minimalist Analysis of $YFI
Indicated are key levels of support and resistance using small and large range boxes TO ENTER A SWING TRADE (Short - Long).
Watch out for patterns, EMA, and your Fibs.
Further Analysis on price action is required on a 1HR-4HR chart when entering or closing a trade, depending on your risk appetite and trading style.
Disclaimer: The findings/predictions of the following analysis are the sole opinions of the publisher of this idea and must not be taken as investment advice.
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YFI / USD - Should revisit near 0.5 Fib @ ~52-54kSimple chart here - YFI completed a W pattern here when it broke its neckline and successfully stayed above it after re-testing multiple times.
I'm expecting a move that gets us pretty close to the 0.5 fib as shown on the chart, and targeting somewhere between 52-54k, may see some psychological resistance at 50k.
YFI AdvancesYFI Preliminary Entrance: 39691
Gains Since Entry: 3.69%
Do you like big wins and big money? Do you have strong hands and patience?
I'm a full-time Wyckoffian VSA crypto swing trader (since 2017) and regularly seek out the most lucrative swings available on all the major exchanges.
My win rates are between 80-85%. Follow me on TradingView and see for yourself.
All my charts are clean, straightforward and easy to follow. No junk, no needless indicators, just solid volume spread analysis with simple 'take-the-money-and-run' Fibonacci target zones.
Good luck and safe trading!
** Not financial advice. Please trade at your own risk.
yearn.finance (YFI) - July 26Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a nice day.
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(YFIUSD 1W Chart)
If the price holds above the 30217.97887 point, it is expected that the uptrend will continue.
(1D chart)
If the price is maintained above the 30217.97887 point, it is expected to turn into an uptrend.
To accelerate the uptrend, it should rise above the 41556.95449-44016.68250 section.
If it falls in the 18875.52633-23950.81209 section, it is expected to enter the mid- to long-term investment area, so careful trading is required.
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(YFIBTC 1W chart)
If the price holds above the 0.57339 point, it is expected that the uptrend will continue.
(1D chart)
It remains to be seen if the 0.7561-0.82127 zone can find support and move up the 0.97822 point.
If the price is maintained in the 0.82127-0.97822 range, it is expected to turn into an uptrend.
If it declines from the 0.73120 point, it is expected to enter the mid- to long-term investment zone, so careful trading is required.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L : Stop Loss point or section
S: A point or section where you can buy for profit creation as a support point or section
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
YFIUSD: 2nd channel breakout attempt As above.
This is 2nd attempt of the down channel break out of the upper trend line. Not sure YFI is going to do it and is likely rejected based on relatively poor volume right now.
If rejected, the I think lower.. into the low 20K range. If it does breakout, next target within 37k range.
Things are a little up in the air as BTC dominance likely to fall and that may give rise to some ALTs pumping.
Will follow.
Good luck traders!
Yearn Finance pennant pattern... A pennant pattern often indicates a strong rally in price 📈. It begins with a strong uptrend which is identified as the flagpole. Afterwards it pulls back into a sort of sideways trend in which the resistance and/or support are not parallel to each other and form a triangle. When the candlesticks reach the tip of the triangle, a strong uptrend ensues 💪.
You can see this happen with Yearn Finance (the flagpole is marked in yellow) (support and resistance marked in blue).
This is definitely one to watch!
DISCLAIMER:
*this is not financial advice, do your own research and due diligence all that stuff*
lol
Have a good day!
yearn.finance (YFI) - June 17Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
-------------------------------------
(YFIUSD 1W Chart)
If the price is maintained above the 23950.81209-30217.97887 volume profile section, it is expected to continue the upward trend.
(1D chart)
It needs to rise above the 41556.95449 point and find support for it to turn into an uptrend.
If it falls in the section 27103.87763-33310.02219, Stop Loss is required to preserve profit and loss.
However, careful trading is required as it can touch the 23950.81209 point and rise.
We'll have to wait and see if we can climb above the 45722.31205 point.
-------------------------------------
(YFIBTC 1W chart)
We recommend keeping the price in the 0.97822-1.34250 range to continue the uptrend.
You should also watch to see if you can move up along the uptrend line.
(1D chart)
It remains to be seen if the 0.92560-1.01163 zone can find support and move up.
The price must hold at least above the 1.01163 point in order to transition into an uptrend.
If it falls from the 0.95260 point, you can touch the 0.66748 point, so you need a Stop Loss to preserve your profit and loss.
However, it may follow an uptrend line, so you need to trade cautiously.
If it fails to move above the 1.18371 point, it could lead to a downtrend and you should also think about how to respond.
------------------------------------------
We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)