This is very obviously a high-risk trade on a very young and volatile asset - proceed with caution. YFI is about to hit a support level - given the fact that this is the only historical support level around this price level in this young asset's life, there is a strong chance we'll see a little bounce. For the record - I am not entering this trade as it's too high...
The great YFI is likely going to dump. Here are my reasons. Using technical analysis, a head and shoulder pattern is clearly shown on the chart as seen which also indicates its ATH (All Time High). On a 4 hour timeframe, price has broken and retested the first zone and now resting on the second zone. A break on the second zone will give higher possibilities of...
Take a look at daily candles, as you can see - there is a bullish hammer right at the horizontal resistance support. Impulse Elliott wave completed and this channel looks like it wants to breakout. Please, hit the like button and follow me for more of these ideas! Also, check my signature down below ↓
#YFI has lost the Monthly Weekly open. Trading underneath the Daily 200 EMA Lose the diagonal and & the 25% range and we head lower to demand zones for buying support. Note* I may short a retest red line - Long impulse - the green.
It does not make sense for YFI to be worth more than bitcoin. It has also recently gained a fiat off-ramp at Gemini. Weekly close may provide as support, I think the price where it first crossed over bitcoin makes sense as reversal if it doesn't completely die.
Let's see how it goes. Was stopped out on the last one trade. Do not plan to open a new one until $12k (the next support) or above $21k. To be bullish again it needs daily close above $21 at least. On the other hand, considering a small coin supply (this includes locked tokens in yGov, Vaults and other farms) it's kinda hard to predict the next move using TA...
Potential LONG
i think YFI can be super bullish YFI can break the Red Trend so let give it a chance btw i think green is going to happen! so watch the YFI come back to game! our 2 last yfi analysis hit the target easily i hope you enjoy my last 2 one and now wait for red trend line if break, YFI can come back to game!
Closed 25% of my short position. It would have been nice to see some divergence with the RSI and since it is not I am waiting till $15374 to close another 25% I will then determine further action. I still see $12000 as a strong possibility. Still not oversold on the day chart. Have fun trading! This is not financial advice.
I use some trend line and fibo level (i hide some of them in chart) If YFI cant fix above 22500 that's look very bad i think YFI need to go 16720 maybe another shot break this downward tend lets see what will happen! btw we made some profit with my last yfi analysis hope you enjoy that one thanks for reading
Well it doesn't look too good for YFI currently. The head and shoulder pattern has completed and it looks like it will take the price down for the next couple of weeks. $16,600 is the first support I'm looking at. That head and shoulders is a nasty one and I would not be surprised if the YFI price dropped all the way down to $4,000. I have my marks on the...
The market is printing a head and shoulder trend reversal pattern. A breakout below the neck line support will be bearish signal possibly pushing price down to next support line.
Yearn.Finance needs to break out at around 21k and hold that finding support around 21.6k as this was support a few weeks ago until we broke it. If we don't break above above 21k within the next few hours, we are most likely going to see it fall down testing around the 18k levels and if we break that, then it will be going much lower.
Please feel free to share your view on this pair down below in the comment section. I'm more than happy to be challenged and have an interaction on this idea. Also make sure to leave a like as it helps me out a lot! ------------------------------------------------------------------------------------------
YFI USDT bullish divergence on rsi targets posted