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...
Take a look. We may be forming a possible H&S as Simon said The short position will only be indicated if we drop below that level and starts an accumulation pattern The first target will be the 0.382 Fibonacci retracement level
Bearish head and shoulders formation endangers YFI. Must hold support at 2btc. but high probability will reach 1.8 but still can be a false breakout or just a wick. Target of heads and shoulders is 0.04 btc. If prices bounces or consolidate of 2btc, price will form a double bottom formation and star ascending completing a W.
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...
💎Technical Analysis Summary💎 BINANCE: YFIBTC -YFI unable to break the 3 BTC resistance area -It is now going back to a previous key area of support -With this, we can see a potential Bearish H&S pattern -If you are looking to play Short position -I recommend to Sell once the key support failed -The downside target is 1.4s BTC...
Pretty obvious setup here. I see this continuing downwards unless of course a alt rally happens (which it probably will here soon) so tread carefully. either way HnS is bearish I would not enter.
Bottomed at the support of a rising channel with bullish divs. Not necessarily straight up, can go much higher with time then depicted on the chart.
YFI - Yearn looks to increase Depending on new trend study : YFI looks to increase Have good time all (:
By the request of many, here we have the next target for YFIBTC. First, we saw prices moving below EMA10/50 on the retrace. Now, prices are moving back up... The trading volume is starting to increase... The MACD and RSI are clearly starting to curve. Expect YFI to print some additional growth. If support breaks, the red arrow comes into play. Namaste.
breakout!! first target=5300 at 0.38 fibonacci retracement level dont forget stoploss
breakout!! first target=30500 right at the 0.618 fibonacci retracement level dont forget stop loss
YFI is currently sitting in ascending triangle bullish formation. I am bullish on BTC, as you can see in my yesterday analysis My goal is TP3, but I will keep you updated. This should go well as ussual! Tibor
$CRYPTO Welcome Traders >> We Have Here Opportunity And Direction For $YFIBTC ! Tools Details On Chart ! ♦️ We Have Trend Area ♦️ We Have Fibonacci Area ( Target ) 📚 Vision 📚 🔷 The Price Break Out Trend And Now Going To Fibonacci Area And It,s Our First Tp 🔷 ♠️ Stop Lose Close 4H Candle Down Trend !! Please Take care Trading Is Very Risk Don't Risk On Any...
YFI has broken the bullish canal that it has been. This is a big sell sign. However, since it is holding onto the support level below the canal so far, this breakout can be a fake one. In the case of YFI holding onto this support level, it is likely that it will go back to the bullish canal and make a new higher high. The current level is also a strong Fibonacci...
BINANCE: YFIBTC -YFI is trading inside a descending channel with a series of LH and LL -If the price keeps respecting this channel, it may retest the key support at 2 BTC -I recommend waiting for the price reaches key areas or until the channel is broken -A drop to 2 BTC is more than -20% so let's wait and see how the market will react...