YFIUSDT_2FDE0E trade ideas
YFIUSDT wants the breakout!$YFI.X is trying to have a breakout after bounced on daily support, If the price will have a breakout and turn the 4h resistance into new support, According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
YFI/USDT Bull RunDear All,
I am sharing my personal prospective analysis for YFI/USDT on the long term run
I could see that the last trend has been broken upside indicating a bullish upward trend that might need more volatility and volume to start parabolic rise toward ATH
In the chart I have set three ATH horizontal line for highest high appeared in chart pattern (Head and shoulders) indicating (Highest High in Left shoulder, Highest High in Head and Highest high in Right shoulder).
Referring back to the previous ATH that was created in an Head & Shoulder chart pattern between the dates (29-Aug-2020 and 5-Nov-2020) I could say that we will see something similar to current rally and it might take few weeks to enjoy it. To make it more visualized and easier for you i have taken Bars Pattern for the same dates and move it right on the first two candles since they broken the trend-line (Marked in Green Bar candles).
To confirm movement of price upward i have used Fibonacci Retracement to indicate the price movements toward the following targets only if the daily candle closed above price ($31,781.41) were the heading price range would be targeting R1 $(40,073.62), R2 $(53,493.06), R3 $(66,912.50), R4 $(75,205.72)
In Summary we might see price heading initial maximum price range toward Fib. Retrac. Level @1.618 and trend will move to a bearish zone that will reverse maximum price range toward Fib. Retrac. Level @0.50-0.618 between ($25070.69 - $28908.65) marked with Red Price Label that will be entry point for bull run toward ATH resistance ($43,966) that once breakout will create New ATH at Fib. Retrace. @2.618 = and then keep watching (Volume, MA, RSI) to confirm price movement toward next bull run targets R3 $(66,912.50), R4 $(75,205.72).
Trade Safe, ensure you've your own study and targets before you jumped in.
N.B. This is not a financial advise. The movements of YFI are dependant on the BTC and ETH in terms of dumping so you can watch them parallel as well. Personally with YFI/USDT short time frame trading aren't best choice so ensure you enter on lowest price range on bearish zone as that would be only long term investment in such coin. When the price is in the bull run set your personal target for Sell according to your study. Remember once you enter don't forget the Stop-loss just in case any negative news happened.
Wish you all the best.
YFI-4h. Buyers have a chance to test $ 43,000.A few steps were not enough for YFI buyers to test the historical high. After a grueling price consolidation at $30,000 , buyers were able to set a new local high of $39,930.
Of course, this is good news. However, after 50 days of consolidation , buyers managed to grow by only 50% . If you look at the dynamics of YFI price growth from November 5 to 19, it becomes clear that buyers do not have enough strength for a new aggressive wave of growth.
The YFI price has tested the upper trend line of the wedge , in which the price has been trading since the beginning of November. Buyers are now trying to consolidate above the previous strong level of $30,000.
If buyers fail to break the $43,000 mark , the probability of a reversal of the growth trend and the test of the $20,800-22,000 range will increase significantly.
The global level that YFI holds remains unchanged at $18,000 . Continuing the downward wave in the BTC market to the $26,000 mark will help YFI sellers test this mark. The situation is tense. You need to be extremely careful:
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YFI/USD - Finding support before next push towards ATH YFI corrected like all the crypto market and is now finding support just around $30k or Fib 61.8%. We may drop another leg down towards $27k but that is uncertain now.
Regardless if we find support at 30k or 27k we have a good chance to see YFI making another strong leg up towards ATH as indicated by the chart.
The indicators are looking good and momentum has not been lost, thus my bias remains bullish once we confirm the support level from above.
Aim to long the support levels, a good target is 36k and then ATH level.
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YFIUSDT(Waiting for the resistance zone breakout)#YFIUSDT ( 1H chart) Technical Analysis Update
Waiting for the Resistance zone BreakouT
YFI/USDT currently trading at $31400
Long Entry-level: Above $32800 (Enter long after 1 h candle closes above the resistance level at $32800)
STOP LOSS: I will update once I see the breakout
Reisstance level 1 (Target 1): $35600
Resistance level 2 (Target 2): $39200
Max leverage: 3X
ALWAYS KEEP STOP LOSS..
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YFI is about to break upPrice failed to beak down two weeks ago and will enter price discovery mode soon.
YFIUSDT(PERP) Breakout - The starting signal for new highs?(I posted this yesterday mistakenly to the german community, which is bummer because the breakout did print a nice fat candle and someone would've probably appreciated this signal)
I anticipated a nice breakout here yesterday and the first target already reached today.
Awaiting retests as an opportunity to build a position.
So my next signal to further build my long position would be a successful retest of either the first target line into a SR-flip or the first breakout area. This idea is valid for me as long as the trend holds.
Good luck on your trades!
Yearn Finance YFI Analysis [ BTC + TOTAL + YFI / Jan-Feb 21 ]YFI BTC Targets on January and February
YFI - 114,200 / BTC - 120,000
Blue Faractal - Total from 10 Aug 2020
Blue Fibo (with 2 green) - TOTAL
Yellow Fibo (with 2 green) - YFI
2 Green Fibo - 685%, 881%
BTC - Market Cap
$752,112,934,038
YFI - Market Cap
$1,150,817,795
BTC - Max Supply 21,000,000
Blockchain - BTC
YFI - Max Supply 30,000
Blockchain - Ethereum
YFIUSDT - Potential retracement 🔽YFI brokeout as expected from my previous analysis.
Price is testing the projected ascending channel resistance.
RSI is printing a bearish divergence signal.
Price action is printing a rising wedge pattern.
Sell entry ⬇️ - breakdown below the rising wedge support.
Targets 🎯 - flip horizontal support / fibonacci retracement levels / ascending channel support.
Setup invalidation ❌ - breakout above the ascending channel resistance.
$YFIUSDT moving nicely . next target $42K then $52K $YFI $BTC$YFIUSDT moving nicely . next target $42K then $52K $YFI $BTC
