Hello there ladies and gentlemen, BulloTaurus here with an awesome find!
#YFI has retraced perfectly into 0.618 Fibonacci Retracement level that acts now as a support for upcoming altcoin bounce.
Bitcoin has ruined most altcoins to run further, making the so needed correction for a healthy uptrend.
Personally i think yearn.finance has good potential for mid-long term because it acts as a big gravity point to most DeFi projects and inspired other cryptocurrency appeared later on.
Risk: 4
Reward: 8
Disclaimer!
This post does not provide any direct financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market.
But you must do your own research and use it as the priority.
Trading is risky, and it is not suitable for everyone.
Only you can be responsible for your trading.
Gentlemen, i need your help... if my ideas that you read are interesting and profitable, please hit the LIKE button to support me sharing my setups and ideas with YOU!
P.S. You're awesome. Keep doing it and you will achieve step by step your financial freedom!
Peace out.
#YFI has retraced perfectly into 0.618 Fibonacci Retracement level that acts now as a support for upcoming altcoin bounce.
Bitcoin has ruined most altcoins to run further, making the so needed correction for a healthy uptrend.
Personally i think yearn.finance has good potential for mid-long term because it acts as a big gravity point to most DeFi projects and inspired other cryptocurrency appeared later on.
Risk: 4
Reward: 8
Disclaimer!
This post does not provide any direct financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market.
But you must do your own research and use it as the priority.
Trading is risky, and it is not suitable for everyone.
Only you can be responsible for your trading.
Gentlemen, i need your help... if my ideas that you read are interesting and profitable, please hit the LIKE button to support me sharing my setups and ideas with YOU!
P.S. You're awesome. Keep doing it and you will achieve step by step your financial freedom!
Peace out.
Trade active:
The trade is going pretty well! I would wait to reach the resistance and take some profits over there.
Happy Trading!
Happy Trading!
Comment:
It seems that YFI has enough power to break out! Let's see if it will.
Comment:
If you still look into an entry, the pink line should act like a strong support mid-term.
