Currently, due to the increase in the bitcoin range and its movements, all altcoins will be affected by it. The analysis is just a series of probabilities.
I hope you find this analysis useful🌹
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Hi guys..its the latest analyze chart of #YFIBTC(folowers Requested analysis) .if you are interested any crypto that you want analyze with me and any questions please do not hesitate and comment below the chart!
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Warning: our thoughts are ours; not financial advice.
Last week, we warned that YFI was at a level where it needs to either make a breakout or cool off.
Well, it seems to have chosen a direction; to cool off.
How bad can this go? $32,800.
On D1, the price broke through the uptrend, after which a correction “zigzag” downward pattern was formed.
At the moment, a correctional "zigzag" pattern is also forming, but upward and on H4.
The downtrend border has become resistance for the price rise.
In addition, RSI (at H4) has reached the overbought level.
In our opinion, the price can test the 76.4%...
YFI / USDT
Possible Breakout of trendline in 4TF
if this pattern successed the potential targets can be up to 30k-32k zone
watch it carefully
The ema 100 act as support and local support (green area) hold as wells
The price shouldn't break and close below to remain bullish
WORTH ADDING TO YOUR WATCHLIST
this is no financial advice
Good luck for you all 🌹
YFI / USDT on left side
YFI / BTC on right side
🌟 QUICK ANALYSIS 🌟
PRICE is showing bull flag with both btc and usdt pairs
If the Breakout upward happened targets 26k-30k usdt
Or around 1.6 BTC
If break down happened targets 18k-16k usdt
Or around 1.2 BTC
I hope BTC keep stable here and didnt drop hard then
The possibility of breaking upward will be the on...
YFI / USDT
Clear symmetrical traingle formation or flag on 4h frame chart
Breakout of this pattern is extremely bullish
Wait patiently for the break of upper trendline before buy
or buy on the retest
Another thing..the price is above 200 ema which is also bullish and should hold to remain bullish
Good luck and happy trading 🌹
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Defi zones recovery did not take long.
If we want to be optimistic, the current decline is a correction of the previous uptrend and not the other way around!
With this assumption, our entry point will be in these areas.
On this pair..There are two good points to entry long position.. 1.4 and 1.3
At 1.4 we have static support from the past of Market and fibo...