I was hoping for the completion of a cup and handle, but YFII dropped with ETH and BTC dropping and is continuing down even as ETH and BTC moved back up. This a very bad sign in Alts. YFII also broke down from the big channel and is following a downward channel. RSI has plenty of room for downward motion. Must monitor for a couple days to see if downward trend...
Price has been in a range since October 2020. At the moment price heading to test resistance of the range after forming a double bottom.
as we focused on DEFi projects these days we have to mention YFII too YFII has a clean break out from its trend line but if you are not a professional you will go for BUY but this chart doest go for more values in this time frame and you can head for SELL and to make sure you are doing it right just wait to chat become more clear but its all advanced price action...
ANALYSIS 🔎 - YFIIUSDT is printing the double bottom pattern. - This is a bullish reversal pattern. - RSI is printing a bullish divergence signal. - The right bottom is supported by an ascending trendline support. - Price is approaching the double bottom neckline resistance. BUY ENTRY ⬆️ - Breakout above the double bottom neckline resistance. TARGET 🎯 -...
A steep bullish divergence was formed creating a definite change in trend. A cup was formed and now it seems the handle is completing. The target of the cup and handle is 0.10985. Assuming that BTC stays flat which is ideal for Alts season then 0.10985 BTC translates to $3,500 for yfii so roughly 2x on the usd pair.
A close below this line should spell trouble for YFII. Volume is low as is needed for wedge confirmation as well. Bears in control unless bulls can close inside the line. Will short a close outside.
Bitcoin is tightening up on the 4HR timeframe, as long as we bounce from the support trendline we'll continue to see big % moves across the altcoin market. Playing several altcoins currently including $LINK, $WAVES, $YFII & $ETH. There's currently 4 days & 8 hours of this range remaining, will be wise to revert completely into $BTC awaiting a decision with stop...
YFIIBTC has broken out of its descending wedge formation...this one has a great deal of potential upside...bullish divergence in rsi and cci... macd preparing for a crossover into positive territory...first target is 0.11400000 (100%)...volume profile suggests that this would be a good place to take profit and wait for a possible dip...second target is 0.28000000...
YFII and it's bigger brother that looks indistinguishable after a couple drinks YFI, have not really seen the same level of growth as the rest of defi has today. Interesting to say the least as Yearn's tokens seemed to lead the charge last time. It does look like the chart has broken out, after a surprisingly bearish looking harmonic pattern non the less. Good...
Let me read the DFI.Money (YFIIBTC) chart for you, we might be getting a new bullish wave. First, the 5-Nov low has been taken out. A new low was hit just two days ago. After this new low was hit, we get high volume and the RSI starts to move up. We can see strong bullish divergence with the MACD and prices challenging EMA10. Finally, we can see a broken down...
Hey guys welcome for a fresh update on YFII -------------------------------------------------------- We Completed 200 Ideas With you Love And Support.. Thankyou All of You... -------------------------------------------------------- As all of You has Eye's on major coins i.e. BTC, LTC, ETH. Here we are for Some Unnoticed Coin that are performing well and on our...