I have taken a Long position on YFI, and this is my own idea. This trade is executed on Bybit.
Deviation and is holding above the main S/R point in my analysis is bullish.. It came super quick from rejection so it might be send back super quick but lets see. It is holding pretty nicely here. Building a long position here is going to be a good idea with taking profits at 11k, 14k and 17k. Invalidation below the area. Note: Not Financial Advice
YFIUSDT has recently broken out of a descending broadening wedge and is now forming a potential Adam and Eve pattern. A break of the pattern's neckline will trigger our target area. Accumulation of the coin can be done through the demand zone and down towards $6000, with a stop loss to be placed below the Eve bottom. It's important to note that a breakout from...
Bullish pattern! I think it is getting ready for next leg up.Entry after breakout and test of broken resistance as support is recommended.
Lets see how this plays out. Support at a key fib. Maybe push to the upside with momentum from btc.
**Fundamental Analysis** Yearn.finance (YFI) is the native governance token of the Yearn.finance ecosystem, a suite of decentralized finance (DeFi) protocols designed to optimize yield generation for cryptocurrency holders. Yearn.finance's flagship product, yVaults, automatically seeks out and maximizes returns on users' crypto assets by employing various DeFi...
Yearn Finance (YFI) has orchestrated a strategic move, executing a feigned breakout from a descending triangle—a bullish pattern that saw a swift sweep of the $14,000 level. In this analysis, we unravel the narrative behind YFI's tactical retreat, its implications, and the anticipated journey back into accumulation. Chart Analysis: The Intricate Dance of...
if you look at the chart. recently elliot ended and started again with number 1 . it does not know number 2 came or not. but it is bull position.
We hit 15- and at 14k YFI went pukeeee down to 8,200 automatic relief rally to 10k bleed down to 7.500 reject at 8,200 then claimed it reject at 8,700 then claimed it now YFI try'n to run & claim 9,100 & 9,750 (really 10k) easy run to low 13,000s may'b more I also want to point out that mess of indicators on the bottom of the screen in a second panel. So if u...
We hit 15- and at 14k YFI went pukeeee down to 8,200 automatic relief rally to 10k bleed down to 7.500 reject at 8,200 then claimed it reject at 8,700 then claimed it now YFI try'n to run & claim 9,100 & 9,750 (really 10k) easy run to low 13,000s may'b more YFI is or was nothing that turned into something as a project and experiment went FoMo bananas, Dude named...
We hit 15- and at 14k YFI went pukeeee down to 8,200 automatic relief rally to 10k bleed down to 7.500 reject at 8,200 then claimed it reject at 8,700 then claimed it now YFI try'n to run & claim 9,100 & 9,750 (really 10k) easy run to low 13,000s may'b more YFI is or was nothing that turned into something as a project and experiment went FoMo bananas, Dude named...
On weekly chart YFI had a clear breakout from its well tested support at around 5000 range. After the bounce back from the support it went directly to 15k range within two week, this is a healthy movement. We can expect minor correct up to 10k in upcoming weeks. For long term trade we can enter around 12-14K and set our target for 20-25K range and potentially...
The instrument has formed a level with three approaches after a strong dump, I am considering the situation for a short break after the formation of consolidation near the 8718 mark.
Really long term SUB 10k YFI you kinda cant loose but in the short I would look for a cost average from 8500 to 6kish depending on if we see a few red sideways days or more green. THIS ONE CAN lay asleep like a volcano and then boom no rhyme or reason she just blasts the f off ( when i was trading YFI actively a year or so ago almost all the tokens or like 70...
YFI 1hr time frame finding support ( at the moment ) on the 0.618 ( fib retracement ) enter at current price lower entries 8734 / 8323 stop loss 7942 targets 10257 / 11093 / 13115 This is for ENTERTAINMENT purpose Only. Not Financial Advise Always DYOR ( do your own research )
It appears that the TSXV:YFI market value loss sparked various reactions among traders. Some believe it's a coordinated cash-out by the team and exchanges, resulting in innocent traders getting liquidated. There's a call for decentralized exchanges (DEX) as an alternative due to distrust in centralized exchanges (CEX), drawing parallels between CEX and banks,...