- 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...
In daily chart we can clearly see a breakout and a new bullish cycle!
📍 my targets are mostly based on Fibonacci plus ichimoku and e-waves
📍 altcoins are going to pump right after bit coin's corrections; some of which like yfi that have bigger market caps need more time
As you can see YFI broke out its trend line and is now in search of new price levels. The trend line may become its new support level which will make YFI very bullish. However, the RSI seems to show a bit of overbought atm which is why I have added a "buy zone". IMO it's a wait for now for a pullback into the buy zone or a pullback onto the previous trendline. If...
YFI had an insane pump over the summer and it reached 1B marketcap from 0. That clearly was unsustainable and the aftereffects where clear. Everyone was hyped about YFI for a really long time but the chart looked weak. Anything that got added to the YFI ecosystem initially did well, except YFI. However now it is very clear that there is a breakout both in USD and...
This is a continuation of a previous post, link below.
The big move did happen and it came from behind.
This looks like a Livermore setup so go long.
If you haven't entered, then let it hit the double top, fib =1 and wait for the pullback. then consider entering.
All the best,
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YFI has been moving to the beat of its own drum these past few weeks. It looks to have bottomed against BTC and is about to have a second coming.
1st target is 68-73k. 2nd target 83-85k. 3rd target 106-108k.