Holding above 35951 is bullish and breaking out of 36503 will setup this coin up for a rally till 40604 technically , however , it would be best to aim for 39130
Best entry: 35951
Gets invalidated with a drop below. expected targets are possible only with a breakout above 36503
For YFI/USDT, as I said on the channel, in case of breakout the yellow level YFI can rise to 43k - 48k - 50k , which happened very quickly and I could not publish its analysis here.
Now I think he can make a correction to the level of 40k to 43k and then move back to the retest resistance of 57k and goes to 100k.
There is a divergence on YFIUSDT!
While the Relative Strength and the Volume is going down, the price is going upwards.
The explanation to this is that all crypto are following Bitcoin but at some point buyers would start accumulating their profits, hence we are looking to short it.
Yearn.finance is down-trending but supply zone seems to be holding and RSI is showing strength.
That's why expect it to break bullish even if that pennant is usually a bearish one!
Current Price= 27961
Buy Entry = 27995 - 27569
Take Profit= 29213 | 30672 | 31905
Stop Loss= 26633
Risk/Reward= 1:1.25 | 1:2.52 | 1:3.59
Expected Profit= +20.60% | +41.60% |...
Seems like YFIUSDT created a local ascending channel and has tested it's support line recently.
This channel may also act as a bearish flag pattern, hence a jump to 35700 and 37145 is possible, after which the pair will most likely resume the downtrend.
The second scenario is when the YFIUSDT is not able to stay above the support and goes down...
YFI BUY When a breakout is confirmed
Signal: Blue -> Green, Red -> Green
YFI, yearn.finance, YFIUSD, YFIUSDT, YFIUSDTP, CRYPTO, CRYPTOCURRENCY
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
Hello to you all. Mars Signals team wishes you high profits at all times.
The price is fluctuating inside a rectangle. Now the price is at the bottom.
If it is able to go up and break the upper line of the rectangle, it will go in the direction of the arrow.
Yet if the price does not have enough support to go up, it break to the bottom of the rectangle and go in...