Closed 25% of my short position. It would have been nice to see some divergence with the RSI and since it is not I am waiting till $15374 to close another 25% I will then determine further action. I still see $12000 as a strong possibility. Still not oversold on the day chart. Have fun trading! This is not financial advice.
Price clearly looks like Head & Shoulders setup. If it goes below 2.0 this can trigger selloff during late autumn and possible to reach 1.5 this year, where nearest support is located. Good luck!✌️
camarilla + cpr + confirmation indicators.
on daily support. ocsillation and dots flashing. oversold. wide cpr indicates at the very least ranging. this may be the place. tight stops on L4 if not
Well it doesn't look too good for YFI currently. The head and shoulder pattern has completed and it looks like it will take the price down for the next couple of weeks. $16,600 is the first support I'm looking at. That head and shoulders is a nasty one and I would not be surprised if the YFI price dropped all the way down to $4,000. I have my marks on the...
Yearn.Finance needs to break out at around 21k and hold that finding support around 21.6k as this was support a few weeks ago until we broke it. If we don't break above above 21k within the next few hours, we are most likely going to see it fall down testing around the 18k levels and if we break that, then it will be going much lower.
The priceline of yearn.finance ( YFI ) is completing the final leg of bullish Butterfly , the targets as per the Fibonacci sequence of Butterfly are: Potential reversal or buying zone: 1.15570 to 0.32152 btc Fibonacci projection or sell zone: 1.80300 to 3.37288 btc Regards, Atif Akbar (moon333)
Please feel free to share your view on this pair down below in the comment section. I'm more than happy to be challenged and have an interaction on this idea. Also make sure to leave a like as it helps me out a lot! ------------------------------------------------------------------------------------------
Chart is self explanatory. If it breaks out of the right shoulder and holds a few days, the pattern is invalidated. However if it breaks below the neckline and holds for 1-2 days, we are going to tank to the lower support. RSI is the only potentially positive thing which shows room to the upside, but could still fall through the floor. Not investment advise just...
I have mapped a way out for YFI head and shoulders pattern. Make sure to check out my past posts linked at the bottom. If YFI can hold these levels, and does not break the neckline, then we could see some upward momentum. I have drawn out one potential path here. It would also be a head and shoulders bottom. Good luck trading! This is not financial advice.
We are currently in this symmetrical triangle, the price creates higher low => uptrend is intact. The red trend line can be very useful in the future, because you can sell/short when the time comes. Bottom trend line really should hold for smooth continuation of the trend to the upside. Else this symmetrical triangle can become an descending triangle, which is...
I think we are going to break some trend upward and first target is 25200 If it happens it means we can reach many higher target let see what will happen! if YFI don't break the black trend it's bullish for me! hope you enjoy it thanks for reading
camarilla + cpr + magnetic trade
It has hit the bearish points I am watching. It would need to break the neckline with uptick in volume to confirm the head and shoulders reversal pattern. Make sure to check the linked post for my original targets. Thanks for reading and good luck trading! This is not financial advice.
Watching this one closely. A short might just be in store soon. There is a head and shoulders forming on the BINANCE:YFIUSDT charts and it would be a rude decline if it completes. I have the levels I'm watching for all marked out on the chart. Bearish in red and Bullish in green. Bearish- $23550; $22110; $20771; $15374; $3988 Bullish- $26196; $25001 Enjoy...
After ~$32k rejection price is looking for support, the closest one is near $20k level. Idea to catch some knives near $19k - $20k area, although it can be tested for the third time, I still think it's a good idea. Hit the "LIKE" button and follow to support, thank you! Information is just for educational purposes, never financial advice. Always do your own...