YFIUSDT trade ideas
YFI ASCENDING TRIANGLE UNDER RESISTANCE YFI is now or never. My long from 23800 is secure and stop is well in profit . Ready to triple down on a break
Analysis costs only $ 50-100. Contact us if you wish. ThanksAnalysis costs only $ 50-100. Contact us if you wish. Thanks
DECISION TIME YFIIt’s decision time on the daily time frame. Which means a huge move coming. Currretly long 2 YFI from 23800 and trying to build a 150k position. Will add on 3 more once it breaks resistance. Stop at entry .with the current market looking very bullish and momentum good, it should rip
YFIUSDT upto 214% profit possibility aheadHi friends hope you are well and welcome to the new update on YFI token
Wedge and 100 SMA support:
Even though the priceline has already completed a Gartley move on the weekly chart, but if the priceline breaks down the support of wedge and the 100 SMA on the daily chart, then it can give another chance to buy from the potential reversal zone.
Gartley move:
When the price action will again enter the potential reversal zone of Gartley then the buying and sell targets can be as below, as per the Fibonacci sequence of Gartley:
Potential reversal or buying zone: $18649 to $11787
Fibonacci projection or sell zone: $ 24079 to 37071
YFIUSDT it can be another buy the dip opportunity Hi friends hope you are well and welcome to the new update on the YFI token.
Rejection by 30K resistance level:
Previously we have seen that the price line of YFI was rejected by the 30K resistance and it was moving towards the support of 20K. Now finally the price action has bounced from the 20K support.
Price action forming lower highs:
Now if we take a look at the live daily chart, the price action of YFI is also having good support of 100 simple moving average at the same level where it has the 20K support. But after getting bounced from these supports the YFI did not reach the 30K resistance even it is forming lower highs.
Formation of a falling wedge:
While forming lower highs and lower lows the price action of YFI token has also formed a falling wedge pattern. The 100 simple moving average is also working as strong support with the support of this wedge pattern.
An expected Gartley move:
Now if we switch to the long-term weekly chart, then priceline is likely to complete the final leg of the bullish Gartley pattern. If the price action breaks down the 100 simple moving average and the 20K support level on the daily chart, then this Gartley move on the weekly chart will be confirmed. The potential reversal zone of this pattern is from $18649 to $11787.
Conclusion:
Even though the priceline of YFI token has good supports of 100 simple moving average, 20K and support of wedge on the daily chart, but if these supports will be broken down then an imminent move upto $ 11787 can be expected to complete the final leg of bullish Gartley pattern that is being formed on the weekly chart.
DEFI ALT SZNonce this sloping resistance breaks the BLUE CHIP DEFI is off to the races. dont miss. alerts set at break .
YFI usdt - pullback to previous structure then climb outYFI usdt - pullback to previous structure then climb out
YFI USDT LONGRisk is half size normal considering how weak bounces have been off of support lately. Honestly wouldn't be surprised at all to see the floor break with a move down towards the 12,000 region being ultimate target for the mid term. If crypto stays full bull, having exposure to the biggest defi coin is a smart play, so that's why I'm playing this long. Could add to this position if it reclaims top green pivot and play it level to level all the way up to the highs of November and December 2020.
YFIUSDT - Daily analysis YFIUSDT is printing a symmetrical triangle pattern on the Daily timeframe.
Possible price actions are indicated on the chart.
YFIUSDT: Fast Short Possible (04.01.2021)On D1, the price broke through the uptrend, after which a correction “zigzag” downward pattern was formed.
At the moment, a correctional "zigzag" pattern is also forming, but upward and on H4.
The downtrend border has become resistance for the price rise.
In addition, RSI (at H4) has reached the overbought level.
In our opinion, the price can test the 76.4% Fibonacci resistance level at h4 (28500), after which a rapid decline is expected to the 14000 level, possibly lower.
We recommend planning short sales of YFIUSDT in the range of 28000-30000 in order to take profit at14000, possibly lower.
YFI usdt - pennant to breakout past resistance level YFI usdt - pennant to breakout past resistance level
YFI/USDT BINANCE4H candles
The price movement expected to be inside the descending triangle.
Price breakout as path line shows.
Good Luck
YFIUSDTYFIUSDT, is selling to support then it will create a false break out. Now it is on retest of a head and shoulder pattern. like if you support the idea
YFIUSDT shortRisk warning, disclaimer: the above is a personal market judgment based on published information and historical chart data on Tradingview, all analysis is only subjective. Hope investors consider, I am not responsible for your investment decision. Thank you.
Good luck!
