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YFIUSDT trade ideas

✴️ Yearn | Fast & Easy (Strong Short-Term Move Mapped)Yearn-finance (YFIUSDT) produced the strongest volume day since early 2023, February, when the last bullish wave was taking place. A strong shakeout was experienced across the Cryptocurrency market, most likely a move to liquidate over-leveraged traders. This move being nullified, the drop being fully consumed by the bulls within hour, translates into a very strong bullish signals. Prices drop towards EMA100 and bounced with massive force... Here is a closer look at the shakeout move, it can be seen in hundreds of chart: We are bullish short-, mid- and long-term. Target on the chart. Namaste.
Long
by MasterAnanda
2
YFIUSDT.1DBased on the provided market data, here's a technical analysis for YFI/USDT: The current price of YFI is 13648 USDT, which is below the Bollinger Bands (BB) for 4h, 1d, and 7d timeframes, indicating that YFI is currently undervalued. However, the Relative Strength Index (RSI) for all three timeframes is above 70, suggesting that YFI is currently overbought. In terms of Moving Average Convergence Divergence (MACD), the MACD line is above the signal line for all three timeframes, indicating a bullish market. This is supported by the fact that the current price is above the support levels for all three timeframes. The resistance levels, however, are significantly higher than the current price, especially for the 1d and 7d timeframes. This suggests that there is potential for price growth, but it may face resistance at these levels. In conclusion, the market data suggests a bullish trend for YFI in the short term. However, the overbought RSI may indicate a potential price correction in the near future. Given the high resistance levels, there is potential for profit, but traders should be cautious of a potential downturn. As always, you should consider other market factors and your risk tolerance before making any trading decisions.
by MarsSignals
2
YFIUSD Breaks Out of Falling Wedge: Price Reversal PotentialYFIUSD has recently broken out of a falling wedge pattern, signaling the potential for a reversal in its price direction. This breakout is a notable technical development, often associated with upward price movements. Traders and investors are closely monitoring the situation, anticipating a potential shift towards a more bullish trend. Keep a close watch on YFIUSD as it enters this new phase, as it could present trading opportunities.
Long
by awsmtrades
3
YFIUSDT 5th Wave Down and 40% Drop🔹YFIUSDT's Potential YFIUSDT continues to operate under the shadow of a persistent long-term downtrend, which undeniably leans towards a bearish narrative. The latest price action on YFI, echoing the broader market sentiment, paints a rather ominous picture. A key player in this tale is the 78.6% Fibonacci resistance level situated at $6100. 🔹Fibonacci Resistance: A Formidable Barrier This Fibonacci level hasn't been merely touched but decidedly respected. What further strengthens the bearish case is the precise bounce off this level. It's like the market's way of reinforcing the boundary, emphasizing that YFI remains captive under its influence. 🔹Downtrend Resilience Zooming in, we observe another compelling facet – the unyielding rejection. It's most evident at the point where the price last reached a peak. Here, the Fibonacci level intersects with the long-standing downtrend trendline, creating a formidable ceiling. As long as YFIUSDT remains imprisoned beneath this double-resistance structure, the bearish momentum is poised to persist. 🔹The Impending Drop: An Elliot Wave Perspective In the world of technical analysis, Elliot Wave Theory serves as a captivating tool. The current analysis strongly resonates with the theory's harmonious rhythm, suggesting an imminent fifth wave down. This could lead YFIUSDT to plummet by approximately 40%. 🔹Stay Informed As always we should share a bearish trade setup in our chancel.
Short
by CryptoPAMM
YFIUSDT.1DBased on the provided market data, the YFI/USDT pair currently trades at a price of 5701 USDT. Looking at the 4-hour chart, the Relative Strength Index (RSI) stands at 55.22, which indicates a neutral market sentiment. The Moving Average Convergence Divergence (MACD) is at 26, suggesting a bullish trend. The price is currently below the Bollinger Bands (BB) upper limit of 5956, indicating that it is not overbought. The immediate support levels are at 5579, 5313, and 4986, while the resistance levels are at 6131, 6544, and 6676. These levels should be closely monitored as they could trigger price reversals or breakouts. Looking at the daily chart, the RSI is incorrectly provided as 6416. The RSI ranges from 0 to 100, so this is most likely an error. The MACD is 128, suggesting a bullish trend in the daily timeframe. The price is below the BB upper limit of 5985, indicating it is not overbought. The daily support levels are at 5335, 4784, and 4590, and the resistance levels are at 6237, 6596, and 7122. On the 7-day chart, the RSI is at 44.49, suggesting a bearish sentiment. The MACD is negative, at -549, further confirming the bearish trend. The price is below the BB upper limit of 7313, indicating it is not overbought. The support levels are at 5967, 5089, and 4536, while the resistance levels are at 6292, 6616, and 7466. Overall, the market data suggests mixed signals, with bearish sentiments in the 7-day chart and bullish sentiments in the 4-hour and daily charts. Therefore, it is essential to keep an eye on the mentioned support and resistance levels and use other technical indicators to confirm the trends before making any trading decisions. Please also consider any fundamental factors that could impact the price. Remember, this analysis is based on historical data and does not guarantee future performance. Always invest responsibly.
by MarsSignals
YFI - retesting the trend - this is growth!Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information there.✅ The coin is now in a long downward movement, which can be seen along the trend line. I'm waiting for confirmation of the price on the other side of the countertrend line; you can enter in advance with a gain below. Deal plan: Entrance - 5733/5600/5546$ Stop - $4873 Take - 6130/7180$ Guys, be as careful as possible, watch your risk management, the coin can also be considered for a short term TF 1-4h with the lowest take profit. Leverage is no more than 5X.
Long
by DanilBlinkov
YFIUSDTThis is a 1D frame analysis for YFIUSDT As you can see, the price after hitting the static support line has been able to re-establish itself above the support line again. Currently, the price may experience another dip if it cannot break above the first resistance line. However, if it can break above the resistance line, it can push itself to the next resistance line. Suggestion: Those looking for a low-risk area for a buy-in can do so on our first resistance line, which can be a major level. And if we have a dip, place a buy order on a better area and enter the trade again for the higher area if the price re-establishes itself above the resistance line.
by MarsSignals
3