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YFI / TETHER USD on BSC (0X1557CE16A8B0F16D4013CF1BD0847A4D6BB68FF1)

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YFIUSDT_1557CE trade ideas

YFI - Looking Abnormally Weak in a Bullrun Market, What's Up?My last YFI call was not an overwhelming success, to put it mildly. But we win some and we lose some, that's the game we play isn't it. So let's take another crack at it. YFI is looking really quite weak even with the rest of the market going absolutely bananas. This is I suppose to be expect, YFI being a high value coin isn't going to be bought while BTC is taking off. With that said, the RSI is surprisingly close to overbought, and we're struggling to stay on the previous up trend line as a psuedo support/resistance at this point. Clearly doesn't know whether it's coming or going. I suspect we'll see a pullback next week, people taking their gains from the market before xmas so they can enjoy their holidays. I'm looking around the yellow area for a potential bounce play. SL would be below the current support area, giving us a really good R/R as the potential upside for 2021 is ATH+, or 100%+. DeFi is gonna go nuts in 2021, and YFI is the flagship in many peoples eyes with it being the highest value (though the merit of that claim is debatable). This is not financial advice. Do you want some financial advice? You're not getting it here. Sorry. Not doing it.
Long
by cryptosince1963
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
by moon333
3
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.
by moon333
3
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.
Long
by OrionCapitalmanagement
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.
Short
by QubitLife