DFI.Money (YFII) Chart Analysis, New Wave Incoming! Long

Description

⋅ Jan 9, 2021 7:56 PM

Let me read the DFI.Money (YFIIBTC) chart for you, we might be getting a new bullish wave.

First, the 5-Nov low has been taken out.
A new low was hit just two days ago.

After this new low was hit, we get high volume and the RSI starts to move up.

We can see strong bullish divergence with the MACD and prices challenging EMA10.

Finally, we can see a broken down trendline based on the candles closure... A new bullish wave comes next.

We are already active on this pair...

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Your support is always appreciated.

Namaste.

Comments

metza24

⋅ Jan 9, 2021 9:56 PM

Thank you sir!

espenespen

⋅ Jan 10, 2021 9:44 AM

Great TA! Thank you for sharing your thoughts.

I am very much long on YFIIUSDT. Have been for a while, and merely added to my position on the low. Next target for me is 3,800-4,000 on USDT pair. Coincides with the 1.618 of wave 3, and the .618 algo target from wave two low. There will be a few resistance levels to break through, but now finally these pairs are getting some well deserved volume.

Good luck in your positions!

Mamlek

⋅ Jan 9, 2021 7:59 PM

Nice thank you, I mean yfi not yfii, and its Yfiusdt pairs okay

Dur0

⋅ Jan 9, 2021 8:14 PM

@Mamlek, ???

Mamlek

⋅ Jan 9, 2021 8:15 PM

@Dur0, What???