Falling wedge, break out and 40k is min target. Get beyond 40k, we could head towards 50. Fail to break out and we could head towards a new low in the low 20s. We stopped 3 times in the same area, with a slightly higher low each time. Chances seem good here.
Yearn has been correcting and consolidating for over a year now. If it's going to move again, it may...
Yearn Finance - YFI - CHEAT CODE - Chasing BTC to $100K? YFI easy money play with BTC as the Cheat Code? Now that BTC is at $50K, YFI may rise to chase or surpass BTC. We will see? Edutainment Purposes Only!
Yearn.finance is down-trending but supply zone seems to be holding and RSI is showing strength.
That's why expect it to break bullish even if that pennant is usually a bearish one!
Current Price= 27961
Buy Entry = 27995 - 27569
Take Profit= 29213 | 30672 | 31905
Stop Loss= 26633
Risk/Reward= 1:1.25 | 1:2.52 | 1:3.59
Expected Profit= +20.60% | +41.60% |...
YFI possibly finishing wave 4 here. this count will still be valid if it dips further, unless it dips below wave 2. since it has already dipped below wave 1 this can only be considered a leading diagonal, otherwise the count is invalid.
if this plays out as a leading diagonal, then the top of this cycle can easily be located when near the trendline resistance...
Yearn Finance - YFI - YFI may be the first coin to hit $100k. Yes, it is trading higher than Bitcoin. It hit a high of about $95K. This is one to watch for the historic value of paving the way for other coins to rise to new heights.
Yearn Finance -YFI- Crypto - YFI will be the first crypto to hit $100,000. YFI is paving the way to $100,000 for Bitcoin BTC. If you don't believe in the financial energy that is generated through crypto you will soon. If YFI can hit $100K then BTC can also. More and More people will jump into crypto. Also consider that a Golden Sachs Director quit his job...
YFI bagholder special. I fully expect YFI to outperform ETH this coming Defi summer 2.0. Looking to build a long term position around current price action. Signs of weakness below 20 YFI/ETH (many daily closes) I would look to close and re-enter lower.
Break and close above the horizontal line could indicate a change of sentiment. May even look to enter on a retest of the horizontal line.
Larger diagonal break with volume would confirm. Setting a moderate target (green line).
All eyes on BTC.
I remember when we were charting BTC price parity for YFI.
Maybe those days are long gone for Yearn Finance.
Still candles are holding above the EMA trendline for now after a slowdown of Bitcoin pricings.
Pretty big resistance here + all the fibonacci confluences explained in the last $yfi post below 👇
If we break this resistance, then we fly.
For now i think it's more likely we follow the path in red.
If this 12 hours candle closes like that in 3 hours, it will print a bearish shooting star which will most likely send us to the $20K area
you can trade $yfi on FTX...
Price action looks like an impulse wave down from the top after completing a leading diagonal in higher timeframe.
The bounce we had after this impulse to the downside seems too short in both price and time.
I expect more of a bounce before more downside.
The green area is confluence of 1/1 wave A/C + 0.5 / 0.618 retracement form the top + resistance level from...