YFI about to perform 14% move from bull pattern! Long

YFI / TetherUSBinance

Description

⋅ Sep 16, 2020 12:34 PM

YFI is currently in an ascending triangle which is an bullish pattern.

The price has already broken the resistance area of the triangle and confirmed it as a support, and the move up is already happening.

I don't expect YFI to retest the ascending triangle uptrend line, but it's a possibility.

Either buy market or buy the break of $36.688.
Take profit below $39.000 and below $41.500

If the uptrend line of this ascending triangle gets broken, that would invalid this setup.

Good luck!
Tibor

Comment

⋅ Sep 16, 2020 3:25 PM

I didn't expected the retest of uptrend line, but it happened. Setup is still active.

Comment

⋅ Sep 17, 2020 11:47 AM

I am still in YFI, looking to take profit at $38.250, which is the top of the dowtrend channel.

Comments

PolarHusk

⋅ Sep 16, 2020 5:50 PM

Keep it up

Saeed966

⋅ Sep 16, 2020 5:10 PM

Nice analysis

TiborVrbovsky

⋅ Sep 17, 2020 11:47 AM

@Saeed966, Thanks!

Asma7assan

⋅ Sep 16, 2020 4:04 PM

I love your work!!! so neat, concise and beautiful to read! thank you!

TiborVrbovsky

⋅ Sep 16, 2020 4:12 PM

@Asma7assan, Hey! Thanks a lot for such kind comment, this one of the few reasons I am publishing these charts .. :-)

Fisher_Fx

⋅ Sep 16, 2020 1:52 PM

great analysis thanks

nandroidd

⋅ Sep 17, 2020 11:20 PM

Totally.

LennyNero

⋅ Sep 17, 2020 6:55 AM

Bitcoin goes down from 11000, this thing goes down.
So no point in analyzing it separately, just like every other crypto.
Worth noting that it takes higher and higher levels of BTC just to get YFI back to 36000 - it used to be there at 10,250-10,350 BTC, now 11000 is not enough.

TiborVrbovsky

⋅ Sep 17, 2020 11:49 AM

@LennyNero, I think YFI/BTC Chart says enough..