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AlanSantana
Nov 30, 2020 12:48 PM

yearn.finance (YFI) vs TetherUS (USDT) Mapped Up To $162,201 Long

BINANCE:YFIUSDT1D
YFI / TetherUSBinance

Description

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There are four charts that are all moving closely together and these are:

1) YFIBTC
2) YFIUSDT
3) YFIIBTC
4) YFIIUSDT

So far, they have been following each other always.

I just shared YFIBTC, check my profile, and now YFIUSDT is looking very similar.

Instead of BTC numbers, we get USDT numbers.
It is all pretty much the same.

  • After a low was hit 5-Nov. a strong bullish breakout took place.
  • The price continued to grow, peaked 20-Nov. and then we had a retrace.
  • After EMA50 was tested as support, we saw a quick reversal and now the bulls are back in control.


The retrace hit the 0.5 Fib. retracement support level, signaling good strength.

Earlier we were seeing the retraces going lower and bounce at 0.786 fib.

All trading above EMA50 we consider it bullish.
Breaking below this level can send prices lower but the bulls stay in control.

These things take time to move...
It doesn't happen in days or weeks, every wave needs months to complete.

Namaste.

Previous chart (YFIUSDT) | Nov. 7

Comment

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A new high for YFIUSDT.

Enjoy the profits.
Trend AnalysisTechnical IndicatorsBeyond Technical Analysis
Comments
Paul_Robs
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162k? OMG, if it would be possible, it will be in very long term as same time as BTC arrives to that range of prices.
Good analysis at supports and resistances to follow.
karl_jr
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@Paul_Robs, Yes 160k might sound crazy but the secret weapon of YFI is it's incredible low max supply. There are only 30k coins going around. 5B marketcap would bring YFI to this price level.
metza24
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Please update yfi! Thanks
Trix79
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sorry newbie question here, is YFI/USDT different to YFI/USD ? TIA :-)
AlanSantana
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@Trix79, Basically the same.
Trix79
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@alanmasters, got ya, thanks for the prompt reply!
AlanSantana
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@Trix79, 😊🙏🏼
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