as you see there is a divergence in 4h time frame.
now the price of YFI/USDT is in yearly support area.
clearly take long position of YFI/USDT will take you around 128% profit until the area i have colored into red box(33K-34K).
In this post, I'll be providing my technical analysis on YFI, specifically for the Tether (USDT) pair on the daily.
YFI is a decentralized finance (de-fi) coin that has seen immense gains ever since it got listed on Binance
- The first thing we can notice is that YFI is consolidating within a descending wedge
- It has been forming lower highs and lower...
Our pessimistic forecasts regarding the YFI fall came true.
After we published the previous idea , a two-week fall began without corrections.
The price decreased by more than $17,000, or in 2.5 times, the fall was about 60%.
As soon as the price reached the red zone, there was a rebound, which is now 50%.
Just phenomenal volatility)
Now the price is in...