Remember March 2021?
After March's low YFIBTC went on to grow by 200%+.
A new low has been hit recently which means that all the gains from the previous bullish wave have been completely removed.
All stop-loss triggered, this can turn into good news.
After a bullish wave, what follows is a bearish wave (March to April = bullish. April to now = bearish).
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...
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📌 YFI /USDT - Daily Chart - Heiken-ashi
📌 PRICE ACTION - Fibbo channel - Double bottom - Triple bottom
📍 YFI looks it might have a breakout from this zone.
📍 Yearn Finance is one of the most underrated projects available in the market and I think YFI is not respected enough
✍🏼 In the chart I see a...
| YFIUSDT | LONG @ 31000 - 31500 | TP @ 32000, 32500, 33000, 33500, 34000 | SL @ 27000 | PATTERN = BULLISH TRIANGLE BREAKOUT |
PNF chart on the hourly shows a trend reversal.
The strategies I use involve a mix of PNF and Renko. My type of trading is strictly swing trading.
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!
There is a divergence on YFIUSDT!
While the Relative Strength and the Volume is going down, the price is going upwards.
The explanation to this is that all crypto are following Bitcoin but at some point buyers would start accumulating their profits, hence we are looking to short it.
YFIUSD - Intraday - We look to Sell a break of 30932 (stop at 31707)
Pivot support is at 31000.
Bearish divergence is expected to cap gains.
A break of bespoke support at 31000, and the move lower is already underway.
Expect trading to remain mixed and volatile.
Our profit targets will be 28828 and 28228
Resistance: 32500 / 34000 / 34800
Support: 31000 /...
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(YFIUSD 1W Chart)
If the price holds above the 30217.97887 point, it is expected that the uptrend will continue.
If the price is maintained...
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% |...
Upper Gold Band = ATH
Blue Bands = Major Support / Resistance Levels
Range Inside Lower Orange/Yellow Bands = Relatively Good Accumulation Price Range as of 7/3/21
Red Band = Absolute Local Bottom (most likely will never hit this price again)
Seems like YFIUSDT created a local ascending channel and has tested it's support line recently.
This channel may also act as a bearish flag pattern, hence a jump to 35700 and 37145 is possible, after which the pair will most likely resume the downtrend.
The second scenario is when the YFIUSDT is not able to stay above the support and goes down...
These signals are very simple:
1. YFIBTC Corrected and found support exactly at the 0.786 Fib. retracement level of the last bullish wave.
2. Its price is back above MA200 (black line).
3. Look at the bullish cross on the MACD (chart below).
4. Other altcoins (Altcoins vs Bitcoin) are starting to move strong.
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...