YFI is currently sitting in ascending triangle bullish formation.
I am bullish on BTC, as you can see in my yesterday analysis
My goal is TP3, but I will keep you updated.
This should go well as ussual! Tibor
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YFI's 15 min chart, in ascending triangle riding on 20EMA, strong uptrend. Start of MACD Buying wave after two considerable selling waves, double bottom RSI that is peaking above 60 - volume on the way (hopefully buying one)
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YFI's move already on the way! 4% up
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TP1 $30.850 Hit! +7%. Currently in a bull flag, next target: TP2 $35.000
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Yesterday's YFI flag has made a 11% move up. Currently in a healthy uptrend, retesting 50 EMA. I expect retest of $30.850, but we need a break of this value to continue in uptrend
Nice chart...any idea on a good exit price ? I went in at $28,800 after I read your chart. Be in and out of YFI a few times.
Thanks
Ward
Toronto, Canada
TiborVrbovsky
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@WMWToronto, Thanks! I am looking for a exit price below $35.000, but maybe I will ride all the way to $38.400.. I will keep you updated here.
WMWToronto
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@TiborVrbovsky, and thank you. I would be happy at 35,000 but even more happy at 38,400. I have to make up for my poor performance with UNI's recovery.
Darenno1
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@WMWToronto, I also went into UNI that's a piece of trashy performing coin recently. Let's Hope yfi and yfii will give us back some gains
Well I got back in yesterday at $29,693 as the market was going up at little with a stop/loss order for $29,800, but the stop/loss order failed to execute (Binance) and now I'm still in and things are trading at $28,548 and seem to be moving sideways. I think I will just keep my position and hope for a breakout upwards. I have to do a little more research and see what the indicators are suggesting to more this asset.
Does anyone have any suggestions as to what the indicators are saying and how long we can expect to sit at this plateau and move sideways ?
Thanks
Ward
Toronto, Canada
Having my morning coffee and looking for this week's investment opportunities.
WMWToronto
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Looks reasonable to me. A little less aggressive than the previous chart. A little horizontal movement and then stepping upwards towards 35,000. The steps are clearly defined. Any levels of resistance we should be aware of ? And what about TP3 and TP4, where are they ?
Thanks
Ward
Toronto, Canada