YFIUSDT - Intraday - We look to Buy a break of 38083 (stop at 36166)
Daily signals are bullish.
Short term oscillators have turned positive.
A break of bespoke resistance at 38000, and the move higher is already underway.
Price action continued the aggressive move higher and looks for follow through buying today.
Our profit targets will be 43829 and 46888...
For YFI/USDT, as I said on the channel, in case of breakout the yellow level YFI can rise to 43k - 48k - 50k , which happened very quickly and I could not publish its analysis here.
Now I think he can make a correction to the level of 40k to 43k and then move back to the retest resistance of 57k and goes to 100k.
- DEFI chart is actually very bullish.
- YFI is one of the DEFI coin that is still waiting for massive breakout to the upside.
- On the daily chart we can see an ascending triangle + huge ascending channel.
- Your profit target can be top of the channel or around 50k.
- Expected duration of the trade, Stop Loss, Profit Target, Entry Price and Risk To Reward...
YFII is a coin of great interest. Its the little brother of YFI, one of the DEFI leaders that will also shine soon.
In my opinion YFII as bottomed out on the daily.
I know its hard to keep up with all those coins looking so juicy and i get asked a lot : how do you invest in all of them?
Simple : when a I own coin pump (XVG, SC, FET, SXP this week), I sell 1/4 or...
Second retest of the back then resistance that was the All Time High, now a support.
We are at a great point of LONG entry.
We can see the wedge lenght shall become the pump lenght.
Also, with Eliott Waves pattern we can predict the kind of move is to be done, in 5 wave impulse
then an ABC correction.
Overall, I see the top near 80k in the next 4 to 6...
YFI / BTC
Movement detected last few days and strong volume start to enter
Here Against BTC pair we are in potenial bottom for next bullish wave
Green area should hold to remain Bullish (0.66)
Make sure you have your own analysis before any trade ...best wishes 🙏
In this analysis, I found 2 bearish pattern at YFI
1. Head and shoulders perform with neckline at 21819. If this neckline break down, bearish target at 4295
2. ABCD Fibonacci pattern also perform with right shoulders as C point. This pattern projection at fibonacci 1.618 at 11563
Tell me your opinion
After the update of the historical high, the BTC price stop had a positive effect on the YFI market. Yesterday's attempt by BTC sellers to start the correction did not greatly affec t the price of YFI . On the contrary, buyers today have managed to update the historical high and show their willingness to continue the price movement in the white wedge.
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 has made a massive new ATH by nearly 30% and is now trading right back at the previous ATH level. This can be a great sign for finding support at this level and we can see more growth to come if this level holds.
Here we can see YFI trading in either a symmetrical or a descending triangle pattern, both of which would need clear confirmation before trading...