The bearishness seems coming to an end. Price is at support of a long-term falling wedge and the technicals are pulling out of overbought. Breakout of the technical trendline will start the process of breaking out of the falling wedge.
There is an Inverted Head and Shoulders Pattern with Triple RSI Bullish Divergence at the PCZ of a Bullish Bat.
You likely don't want to see price trading below $1,480 and your first area for taking profit will probably be around $4,165
After the pump in August YFII has been cooling off for the past 3 months consolidating on key level. 200EMA is now getting close to the price creating additional support, and the price is approaching lower trendline of the channel. On lower timeframes we can see that the peaks are getting shorter and shorter which means the price is soon gonna get squeezed between...
This beast is about to take off. buy here and hold for some days.
BUY SETUP:
BUY: 3900-4090
SELL:
Target 1: 4300
Target 2: 4500
Target 3: 4900
Target 4: 5500(mid term)
Target 5: 6000 (long term)
STOP LOSS: 3640
Give a like and Enjoy your profit.
TA explained
YFII broke out of the descending trendline. Bounced strong form the bottom with an engulfing bullish 4H candle.
Trade setup
Best entries: 3738.2 - 3810.0
TP1: 4010.7
TP2: 4105.4
TP3: 4286.1
SL: 3621.9
RR: 3.33
Max leverage: 3
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Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you...
A trend line has formed on the YFII chart.
The bulls have already tried to break it but it ended up being a trap. Now the price is back again and under the trend line.
A good buying opportunity would be a squeeze and a breakout.
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Buying at support is the perfect Buying opportunity and setting a stop loss right below it makes it a risk free trade. Get ready for solid gains in yfii if this goes perfectly else keep a stop loss right below it so you wont loose anything.
- DFI.Money YFII - Rank #274
- On the daily chart we can see a rectangle formation, which usually leads to explosive moves!
- Target 1 is 1.618 FIB extension, but I beliave the price will be much higher than that.
- YFII is really ready to pump very soon!
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to...
Bull flag pattern
The bull flag pattern is a continuation chart pattern that facilitates an extension of the uptrend. The price action consolidates within the two parallel trend lines in the opposite direction of the uptrend, before breaking out and continuing the uptrend.
$YFII Bull flag breakout.
YFII will be the next orchestrated pump by the FTX and Tether cabal.
Binance collapsing soon so be cautious.
YFII has some serious potential here but can get risky so manage some stop losses.
YFII will flip the garbage YFI.
Enjoy.
- On the daily chart we can see a rectangle formation, which usually leads to explosive moves!
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓
- Target 1 is 0.618 FIB and target 2 is below all time highs, but I beliave the price will be much higher than...
- We can clearly see a rounding bottom printed on the chart.
- Also the price is above the blue ascending triangle.
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓
- Buy YFII now (as it currently retesting the main support.
- Our target is 0.618 FIB.
-...
