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YFIUSDT

YFI/BTC (Key Area of Support Retest?)💎Technical Analysis Summary💎 BINANCE: YFIBTC -YFI unable to break the 3 BTC resistance area -It is now going back to a previous key area of support -With this, we can see a potential Bearish H&S pattern -If you are looking to play Short position -I recommend to Sell once the key support failed -The downside target is 1.4s BTC range `````````````````````````````````````````````` Trading Involves High Risk Not Financial Advice Please Exercise Risk Management `````````````````````````````````````````````` If You Like My Daily Published Ideas A little Help By Supporting My Channel Through Leaving A Thumbs Up, Comment & Follow Happy Trading! --> Thank You! :) ``````````````````````````````````````````````
by PolarHusk
5
YFI. 12h. A break of $21,000 will trigger the test of $13,000.Briefly about the situation . Now the market draws a classic Head and shoulsedr reversal figure on a large time frame. The base is $21,000. After breaking the base = the target is below $13,000. Alternative scenario. If the price rises above $37,300, then it will be necessary to look for a new working pattern on the chart. Fundamental side of the coin. The hacker, who broke the Kucoin exchange yesterday, began to sell coins and fix his profits mainly through DeFi coins, which pretty much squandered them. And the developers began to stop smart contacts and organize tokenswipes, that is, manually regulate "like decentralized projects". A strong slap in the face for those who believe that real decentralization already exists in the cryptoworld. If investors begin to doubt and become disillusioned with such decentralization, then the capitalization of many DeFi projects may roll down . _________________________________ If we help you to be calmer and richer - help us to be happier :)
Short
by P_S_trade
YFI may go up from here..when bitcoin's dominance is moving up fast and we have a bearish market it isn't seems right to analysis altcoins like this one but anyway i tried to find out what will happen to yfi for practice..i have two scenario according to bitcoin's move, if BTC continue correction i expect RED ARROW's path so it will support on 16800 and if btc stop correction i will wait for the GREEN ARROW's path and a bullish move to 34k...(also can you see possible head & shoulder like me?) and btw i'm writing a guide for read my chart below: YELLOW VERTICAL LINES are possible timelines those are where i think waves can start or end.. BLACK LINES are resistance and supports that i got from GANN tools.. ORANGE LINES are fibbonacci retracement GREEN and RED zones are where we have powerful support... everything else is clear i guess... note that this chart is a practice I'M NOT TRADING in this market right now please don't consider this as a financial advice please like and comment if you're agree with me
by hesamh
Laddering my shorts on $YFI: Bearish retest After giving an impressive rally in the last couple of days, it looks like, YFI may do a bearish retest on the larger timeframe. I took a small scalp and sold for a 4% gain today, but currently, I'm laddering my shorts till the 32k zone. Though market is choppy, and anything can happen, it is always better to play with proper position sizing and risk management! :) Time will tell if this simple setup is correct or wrong. As of now, I personally do not see any major reason (other than the Defi hype, which may soon die out) to take long here. I'll update targets soon, stay tuned :)
BINANCE:YFIUSDShort
by Retail_Insider
4
yearn.finance (YFI) - September 27Hello? 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. -------------------------------------------------- ----- You need to make sure you can get support at point 31836.97320. If it falls, we need to make sure it is supported at 27324.97824. If you fall from the uptrend line (1), I think you need to trade to preserve profit and loss. It remains to be seen if it can rise above 39898.86000 points around October 1. Every support and resistance point or segment is very weak, so we think careful trading is necessary. Therefore, new investments are not recommended. It is expected that if you check the flow with interest as a coin belonging to the side with a large volume of DeFi coins, it is expected that it will be helpful in understanding the flow of the coin market, so it was posted. -------------------------------------------------- ----- (OKEX YFIUSDT 1D Chart) We have to see if we can sideways on the 28908.8-32585.1 section. It remains to be seen if it falls below the 27658.9 point around October 2. We also need to see if we get support at 27658.9 and move up the short-term uptrend line. -------------------------------------------------- ------------------------------------------- I think it is the period of volatility from September 21st to October 1st. Therefore, I think careful trading is necessary. ** 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 generating profit 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 trading. You must trade from a short-term investment perspective.)
BINANCE:YFIUSD
by readCrypto
2
Reversal in progress how far will it go?The current situation: 1. On the 12HR chart, price action has formed an inverse head and shoulders with a measured target of 33K USD. Currently, it is at about 30.3K and price action has formed an ascending triangle with a measured target of almost 33K as well. The 0.5 Fib level is currently seen as resistance as there is no other major moving averages above the price action. 2. On the 12HR chart, it is also apparent that buyer volume is still increasing with higher price action. This is a good sign that buyer strength has not slowed down yet and higher price action is possible. 3. Some pretty high readings on the 1HR and 4HR RSI as their last high was close to or above 70. This should be paid attention to as bearish divergence is possible and can prompt a pullback. *Let me know in the comment section if you agree or disagree, would love to hear your ideas too. *These are purely my speculations and not financial advice. You should always do your own due diligence before trading or investing.
COINBASE:YFIUSDLong
by CryptoRush_
7
YFI - Update. History repeating?YFI has had a pretty good week all things considered. NOTE: Not sure why my EMA line went all funny and shifted down on me. Assume that red line is on the EMA trendline, in bold red. On the last analysis, we said to watch YFI and whether it can break through the downward channel, setting a higher low and continuing it's overall upward channel. After the last few days, it's looking like that may be the case. Though I don't believe we've seen the last of the market shake-out right at this moment. Let's look at some factors... I've marked two areas on the chart, 1. is the previous low-point in the proposed upward channel, 2. is now. I see similar trends forming in these areas on all the indicators I have on the chart. I've been seeing this more and more around the market, similar trend patterns as have happened in the past but in a seemingly compressed period of time. Timeline accelerating due to the general market insanity perhaps? Or perhaps just imagining things... Other than that, MACD looks healthy, we're seeing a series of higher highs and lower lows, pushing to the top of it's downward channel in what looks to be a new short term sideways/vertical column. If YFI continues this direction I think history may repeat and we may see it climb back to the top of it's overall upward channel. Potentially even new ATH? But that would be crazy. Wouldn't it?? Let's check back in a few days and see what happens... Be safe everyone. It's a wild world out there.
by cryptosince1963
2
YFI's Grand up-trend to continue? or are bubbles popping?YFI , Yearn Finance's governance token, saw a meteoric rise to $40k+ in August. This unheard of rise left many people scratching their heads in disbelief (and no doubt deeply regretting not picking up the token for $3-4k when it was fresh off the presses). I'm sure most of us expected a massive drop or an exit scam, but here we sit, weeks later; and YFIUSDT is still almost three times the price of BTCUSDT. So what does the future hold for YFI? --- At the moment on the 4H charts it's trading in a downward triangle . This pattern can go either way, as we've seen in the past with YFI the previous breakout followed a downward channel. It's good to buy the breakout in situations like this. If we pull out a little further, we can see what seems to be an upward channel that stretches back to the intial listing of YFIUSDT on Binance until the present time.Now would seem to be the very bottom of the overall trend channel. Interesting to note, the previous breakout happened immediately following YFI dropping below it's MA 100 and recovering, showing this may be a strong trend line. At the moment, YFI is trading below it's MA 100 by a significant margin for the first time ever really. Historically, we would normally take this as a strong sign a reversal is imminent. But we don't have much history to really pull from here so I'm going to need good confirmation of a breakout. Plus the market is looking like a dogs breakfast right now across the board. BUYING IN? I feel like I wanted to find a reason not to buy in to YFI, and while the RSI and MACD are by no means promising, they weren't really on the last reversal either. Meanwhile, the clear historical upward channel, and the first major drop below MA 100, leads me to be skeptical of my skepticism. I'd wait to see a reversal out of the downward triangle, back towards MA 100 level around $30k to make a definitive move. Potential upwards from MA 100 to previous ATH is 40%. If the historical upwards channel continues it could be closer to 50% gains. Potential to break down 30% from where it's at to previous resistance. Even more if the DeFi bubble decides to burst, putting a decided end to the upwards channel. WAIT FOR THE BREAK!! I'm a simple guy that you don't know posting his ideas on the internet for the sake of improving as a human being. If you take this as financial advice, that's on you. Feedback, criticism and crude humor are welcome :)
by cryptosince1963
YFI | breaking the bullish canal downwards, and consolidatingYFI has broken the bullish canal that it has been. This is a big sell sign. However, since it is holding onto the support level below the canal so far, this breakout can be a fake one. In the case of YFI holding onto this support level, it is likely that it will go back to the bullish canal and make a new higher high. The current level is also a strong Fibonacci level, making this support level even more valuable. In the case of this support line braking downwards, the analysis will be very bearish.
Long
by knnhsn
5