YFIUSDT
YFIUSDT upto 214% profit possibility aheadHi friends hope you are well and welcome to the new update on YFI token
Wedge and 100 SMA support:
Even though the priceline has already completed a Gartley move on the weekly chart, but if the priceline breaks down the support of wedge and the 100 SMA on the daily chart, then it can give another chance to buy from the potential reversal zone.
Gartley move:
When the price action will again enter the potential reversal zone of Gartley then the buying and sell targets can be as below, as per the Fibonacci sequence of Gartley:
Potential reversal or buying zone: $18649 to $11787
Fibonacci projection or sell zone: $ 24079 to 37071
YFIUSDT it can be another buy the dip opportunity Hi friends hope you are well and welcome to the new update on the YFI token.
Rejection by 30K resistance level:
Previously we have seen that the price line of YFI was rejected by the 30K resistance and it was moving towards the support of 20K. Now finally the price action has bounced from the 20K support.
Price action forming lower highs:
Now if we take a look at the live daily chart, the price action of YFI is also having good support of 100 simple moving average at the same level where it has the 20K support. But after getting bounced from these supports the YFI did not reach the 30K resistance even it is forming lower highs.
Formation of a falling wedge:
While forming lower highs and lower lows the price action of YFI token has also formed a falling wedge pattern. The 100 simple moving average is also working as strong support with the support of this wedge pattern.
An expected Gartley move:
Now if we switch to the long-term weekly chart, then priceline is likely to complete the final leg of the bullish Gartley pattern. If the price action breaks down the 100 simple moving average and the 20K support level on the daily chart, then this Gartley move on the weekly chart will be confirmed. The potential reversal zone of this pattern is from $18649 to $11787.
Conclusion:
Even though the priceline of YFI token has good supports of 100 simple moving average, 20K and support of wedge on the daily chart, but if these supports will be broken down then an imminent move upto $ 11787 can be expected to complete the final leg of bullish Gartley pattern that is being formed on the weekly chart.
YFIUSDT: Fast Short Possible (04.01.2021)On D1, the price broke through the uptrend, after which a correction “zigzag” downward pattern was formed.
At the moment, a correctional "zigzag" pattern is also forming, but upward and on H4.
The downtrend border has become resistance for the price rise.
In addition, RSI (at H4) has reached the overbought level.
In our opinion, the price can test the 76.4% Fibonacci resistance level at h4 (28500), after which a rapid decline is expected to the 14000 level, possibly lower.
We recommend planning short sales of YFIUSDT in the range of 28000-30000 in order to take profit at14000, possibly lower.
YFI/USDT : Bearish crossovers on 6H timeframe BINANCE:YFIUSDT
Hello everyone 😃
YFI breaks support-line at 22050$, And now it's holding below it,
On this current market, Dominance is very on ALTS and their movement will be critical.
They can't grow like BTC but they will fall twice more than BTC !
Now, MACD have a Bearish crossover and Volatility movement is being Bearish neither.
📍 Main target is 20K but we expect a retest on 23K level.
Attention : this is not a financial advise we just try to help people on their own vision.
HAVE A GOOD DAY
- Helical_Trades
YFIUSDT D1: BEST Level to BUY/HOLD 200%+ gains(SL/TP)(NEW)YFIUSDT D1: BEST Level to BUY/HOLD 200%+ gains(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: YFIUSDT daily chart review
::: updated/revised outlook
::: chart looks good /strong
::: speculative XABCD setup
::: buy near bottom/low at point C
::: BULLS seek to BUY/HOLD near C
::: 200%+ gains BUY/HOLD
::: exit near point D +100% gains
::: BULLS got a cycle low at point C
::: and BUY/HOLD near market
::: BULLS get ready to BUY near C
::: TP bulls is +200% gains later
::: exit near point D +200%+ gains
::: expecting re-test of heavy resistance
::: details: see chart
::: FINAL TP is +200%+ gains
::: recommended strategy: BUY/HOLD near market
::: TP BULLS +200%+ gains
::: SWING TRADE: BUY/HOLD IT
::: bull run not over yet
::: good luck traders!
::: BUY IT and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS
::: Sentiment short-term: BEARS/PULLBACK
yearn.finance (YFI) - January 1Happy New Year!!!
Dear traders, nice to meet you.
"Like" is a huge force for me.
By "following" you can always get new information quickly.
Thank you for always supporting me.
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You should watch for any movement that deviates from 20530-26467.
We need to see if we can get support and climb in the 14927-20530 section.
If it falls at 17973, you need a Stop Loss to preserve your profit and loss.
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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Hence, the interpretation is the same as the conventional Stochastic RSI indicator. (K, D line -> R, S line)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closed price
G2: Market price at the time of opening
(Example) Gap (G1-G2)
YFI-3h. Critical point $21000 is in danger!The sharp rebound in the price of YFI on December 24-25 gave investors a chance for a new wave of growth.
Within 4 days, buyers formed a reversible pattern to break the critical range of $24100-24700 . The main buyer support for this scenario was in the range of $22000-22500.
At the moment, sellers have managed to cancel this pattern and test the $21,000 mark several times. Buyers do not have the strength to regain control of the $22000-22500 range.
In our opinion, there is now a high probability of a breakdown of the 21,000 mark. By doing so, sellers will be able to lower the price to $18,000 fairly quickly.
How important is the $21,000 mark? See our global YFI idea: