We have recently broken a YFI falling wedge and I will be taking an entry here at ~13719.
TP: Pattern shows ~21750 movement based on pattern size * 0.62 (62% chance of reaching target) and we get 13,483$ from breakpoint as target, or ~26905$
SL: Bottom of Local/swing low ~11960
Pattern info: thepatternsite.com
Holders Making Money at Current Price
yearn.finance price today is $15,225.72 USD with a 24-hour trading volume of $2,486,278,868 USD. yearn.finance is up 12.12% in the last 24 hours. The current CoinMarketCap ranking is #38, with a market cap of $456,279,971 USD. It has a circulating supply of 29,968 YFI coins
I don't know much about this coin, so I did this chart analysis real quick as a start.
The red wave (2) has retraced to 0.786 fibonacci, so perfect entry time.
RSI has broken out.
I put standard 1.618 fib targets for wave 3, but it can go higher.
*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. You should always do your own due diligence before trading or investing.
*Follow me for the latest cryptocurrency analyses on my watchlist
*Thank you to those who donated, I very much appreciate it.
*Let me know in the comment section if you...
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
🚨🚨 New call!! 🚨🚨
🌙 YFIUSDT buy setup! 🌙
📌 Dumped a lot, time to buy the dip
📌 Whales behaviour, it usually rebound strong
📌 Strong FA/development ongoing for YFI
🔵 Chad buys:
🔴 Stop loss:
manual for now, manage your risk accordingly
🟡 Trailing stop loss:
trail it at break even or at previous target whenever a new target is hit