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YFI / TETHER USD on BSC (0X1557CE16A8B0F16D4013CF1BD0847A4D6BB68FF1)

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YFIUSDT_1557CE trade ideas

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
YFIUSDTHello Crypto Lovers, This is a 4H frame analysis for YFI USDT As you can see, after bouncing off the support line and increasing in price, the price is currently below the first resistance line and we have two scenarios in mind. Scenario one: If the price cannot settle above the first resistance line after bouncing off, we can consider the possibility of a correction to the first support line. Scenario two: But if it can settle above the resistance line and move above it, we can consider the possibility of an increase in price to the second Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Take care
by MarsSignals
YFIUSDT.1DHello dear friends, *Mars Signals Team wishes you high profits* This is a one day time frame analysis for YFIUSDT.1D We are in the daily time frame. As you can see, the price has been able to stabilize above the resistance zone and is currently playing the role of the first support zone. We have two scenarios in mind First scenario: We consider that the price can complete its pullback and then move towards our resistance zone The second scenario: if the price cannot stabilize above our support line and penetrates below our support line, we expect a micro-shortening of the previous area. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Take care
by MarsSignals
Breaking Boundaries: The Rising Buying Interest in #YFI💎 Right now, #YFIUSDT continues to trade within a descending channel, confirming the ongoing mid-term downtrend. However, recent price action, particularly the break above the downtrend trendline, indicates an increase in buying interest. 💎 After the trendline breakout, the price retraced to the 78.6% Fibonacci support level, where we witnessed a clean bounce. Today, TSXV:YFI is once again approaching this demand area, with the downtrend trendline acting as support. This could be a signal that our dedicated Paradisers and avid readers may find intriguing - a relatively quick potential upward move, likely serving as a pullback at this stage. This move could push the price up by 5%, allowing #YFI to test the 61.8% Fibonacci resistance level and the upper boundary of the descending channel. 💎 However, short-term consolidation is also possible, where #YFI may retest the 78.6% support level once again. It is important to exercise caution in the event that this support level is breached by sellers. In such a scenario, close attention should be paid to the recent lower low, as it must remain intact for any potential pullback or trend reversal to occur.
Long
by MyCryptoParadise
1