YFI will riseYellow oscillation range triangle, support position at the lower boundary is expected to rise and break through the upper boundary in the future
Key stats
YFIUSD: Repeating descending triangle patternAs AlanSantana so keenly observed and was spot on in the analysis previously posted on TV...YFIUSD looks to be repeating this pump and dump descending triangle pattern.
Watch again for breakout once it approaches the descending resistance line again.
Will follow.
Good luck traders!
YFIUSD - Horizontal BottomA potential bottom structure, look for bounce off the bottom orange line
This could create a reversal pattern which I have shown with the green bars pattern line
Daily chart for YFIUSD
Inverted YFI Chart looks "Bullish"Invert the weekly YFI (Yearn Finance) chart and you'll start to see an Adam/Eve double-bottom that has dragged out following a breakout and multiple re-tests of its neckline.
It has only ever reached halfway towards TP 1.
Hold "above" 10.7k and get "above" ~4.4k to move towards targets:
TP 1 - ~1
YFI, prepping for an x2 surge soon! 8k to 16k again.YFI has been on weighty correction lately this past few weeks from its recent parabolic peak at 16k to the current 8k range.
Based on the recent daily metrics, price movement is getting narrower -- registering triple bottom scenario. A long term shift is gradually transpiring.
Buyers are now back
YFI's RSI looks promising; expect a breakout by the end of JuneYFI is showing a bullish trend with a strong RSI. A breakout is anticipated by the end of June.
Yearn (YFI) May Follow Chainlink (LINK)Yearn Finance CRYPTO:YFIUSD may perform similarly to Chainlink CRYPTO:LINKUSD , or vice versa.
Their structures are near identical.
YFI has persisted longer in its range than LINK and may see a stronger breakout as a result.
Conversely, LINK could follow YFI instead and drop back down to its
Potential YFI trade setup YFI has been making higher lows and has enormous upside potential. There was also a very large harmonic on the weekly. Could be very good if BTC keeps heading up.
yfi/usd - High Risk - High RewardComing in with a stop loss that is much higher than i'm normally comfortable with, but the reward is so high! Ideally i'm just going to keep adding to the position that I acquired at $8,440. Let's see what happens!
YFIUSD - Slanted Inverse H&S Allowing the right shoulder to form currently which then allows further bullish movement. It will likely retest the previous recent high easily. Possibly even extending past that.
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