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TiborVrbovsky
Sep 18, 2020 3:05 PM

YFI in a 6-Day 🐂 Flag! Long

YFI / TetherUSBinance

Description

YFI is in a Bullish flag that is about to retest the downtrend line of the flag, roughly testing $38.250 - 13%
If the downtrend line breaks, I expect a peek at least to $42.000, so that can be the second TP - 24%.
IF the price of YFI breaks the $42.000, I expect to rise all the way to $45.000 (33%) and if this level is also broken, maybe even $50.000 (47%).

RSI has found support and is forming new higher high.
MACD is giving first tick of buying wave.
Price found support at 200EMA.
We are in a 6-day bullish pattern called Bull Flag .

The setup is invalid if the price breaks below $29.000, that would mean over 10% loss.

And remember not to get too greedy, there are many other good alt coin trade opportunities.
All the best!
Tibor

Comment

YFI 4h bullish divergence, overall I am not really happy with YFI movement so far..
Comments
Ersin_ARSLAN
Are you sure _ YFI goes to down... Is it a retest or what ?
TiborVrbovsky
@Ersin_ARSLAN, So far yes, if falls below $29.590 then I would consider leaving.
PolarHusk
NiceIdea
yektrader_com
So It will grows forever...
TiborVrbovsky
@medicalik, Forever surely not haha
eggpa
confirmed, Thx!
Asma7assan
hey! can you please do a TA for yfii..(defi money)! thanks!
TiborVrbovsky
@Asma7assan, Hey! Sure I can try for tommorow.
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