#YFI Yearn Finance breaking out! Can it Double in price??Long futures YFI
This long term chart is suggestive of higher price coming for YEARN
After the blow off top it formed a massive head and shoulders, which reached its target.
The retest of the opening candle high is a lovely textbook checkback and can spring with momentum from here
The upthrust in July suggests a similar move could see $16-$17k
(if #BTC complies of course)
YFIUST trade ideas
YFI | Low Float Crypto | LongWhat Is Yearn.Finance (YFI)?
Yearn.finance is an aggregator service for decentralized finance (DeFi) investors, using automation to allow them to maximize profits from yield farming.
Its goal is to simplify the ever-expanding DeFi space for investors who are not technically minded or who wish to interact in a less committal manner than serious traders.
Launched in February 2020, the service, formerly known as iEarn, has seen huge growth in recent months as new products debuted and developers released in-house token YFI.
Long trade setup on YFIUSDT Analysis using Price actionLong trade setup building on YFIUSDT Analysis using Price action:
On chart we can see multiple ascending triangles on 30m,15m. price broken above of the falling wedge of 180m, the price is breaking above the Higher timeframe Channels. The overall bias has changed to Bullish. Formation of swing low may lead to short term bullish trend.
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YFIUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a 4-hour-time frame analysis for YFIUSDT
You see that R2 and R1 are the resistance areas which express the disability of the price to rise. And S1 is a long-term support line that includes the well support of price since the past. Hence, we have the price fluctuating below R1 area and we believe it will fall to S1 line (as the past) and then here we must receive some rising signs in order to activate our long position and predict a rise for the price toward R1 and even higher. In case the price is able to fix itself over R1, then we wait for more rise. Even it is possible that the price loses the support at S1 and experience more decline.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
yearn finance YFI Bearish SentimentSeptember has major catalysts for the crypto market as well as for the stock market.
The Ethereum merge on September 6th, that will end on Sept 20, the inflation report on September 13 and the next FOMC meeting afterwards with the new interest rates hike.
That is reflected in the crypto space in general as a bearish outlook.
yearn finance YFI has a negative overall sentiment recently.
I have the following price targets:
YFI/USDT short
Entry Range: $9400 - 9550
Take Profit 1: $8400
Take Profit 2: $8750
Take Profit 3: $4600
Stop Loss: $11440
YFIUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a 4-hour-time frame analysis for YFIUSDT
There is R1 in this chart as the resistance line and the unsuccessful attempts of the price in order to rise is obvious at it. And even S1 and S2 are our support areas that contain the support of the price at several points since the past. Here we have the fluctuation of price over S1 line and we believe it will fall to this line. In case we receive some confirmation candles to rise, we consider the long position is our chart and a rise is expected for the price to R1 or more. But if the price is not supported at S1, we must wait for its decline.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck