Remember March 2021?
After March's low YFIBTC went on to grow by 200%+.
A new low has been hit recently which means that all the gains from the previous bullish wave have been completely removed.
All stop-loss triggered, this can turn into good news.
After a bullish wave, what follows is a bearish wave (March to April = bullish. April to now = bearish).
Bullish divergence on the 1D chart, hit at long-term support 0.50 BTC. MACD ready to rise. Weekly time-frame ready to go for a sustained climb.
Coin significantly undervalued only 36600 coins in total, very low supply and strong project with long-term applications.
Previously worth 4BTC, and the coin almost broke $100000 in May - the highest price of any...
If we manage to stay above this bottom at ~0.5-0.6 and turn up strong, we have strong potential for an inverted HS on the weekly, and a triple bottom on the daily chart. Should those succeed we should at least go back to our range highs around 1.1-1.5, and if we can get above range highs, we could see 1.8, then >2 and >3, a potential 6x run vs. btc that could...
YFIBTC (Yearn.finance) is preparing for a new round of growth.
We have a volume breakout today (small but noticeable).
Prices moving above EMA10 and EMA21.
The RSI entering the bullish zone.
Bullish divergence with the MACD.
Higher low compared to March.
All these signals are pointing to higher prices.
The targets are marked on the chart.
according to last analyse in my opinion yfi/btc is bottomed out in other hand bts and etherium need correction because of divergence in RSI and by considering btc dominance it could be the best time to buy alt/btc
"not suggested to buy or sell"
Quick hopium chart, certainly possible. YFI could be forming a giant inverted HS on the weekly here. On the daily this could see lower lows than what is shown on the weekly. The daily seems to have more potential for a triple bottom, which would see us go lower.
On the other hand, it could totally ignore that and turn up from where we are now. Either way,...