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YFIUSD

YFIUSDT may re-test $20K supportHi friends, hope you are well and welcome to new update on YFI token. Priceline moving in Fibonacci projection zone: After taking bullish divergence from potential reversal zone of bullish Butterfly, the priceline is still moving within the Fibonacci projection or sell zone area. After rejection moving toward support: After being rejected by $30K resistance now the price action is moving towards $20K support and likely to form a parallel channel within these support and resistance levels. While the price action is forming higher highs on the other hand the RSI is forming lower highs, therefore there are more chances for the continuation of bear trend. The channel can be changed: If the price action will be bounced from 100 and 50 simple moving averages then the movement can be changed from parallel to up channel. The harmonic BAT move: On daily chart, the priceline of YFI token is also completing the final leg of bullish BAT and for the completion of this leg the priceline may move down between: $21128 to $ 19773 then it may move up from this potential reversal zone. Conclusion: All indicators and patterns have confirmed a move upto $19773 but we should use the potential reversal zone of bullsh BAT as stop loss because, if it will be broken down then the bear trend can be continued. Note: Above idea is for educational purpose only
by moon333
1
YFIUSDT completing final leg of BAT| Upto 23% move expectedThe previous idea produced more than 281% profit: Now on daily time period chart, the price action of yearn.finance (YFI) is completing the final leg of bullish BAT and soon it will be entered in the potential reversal zone. There is also a 50 SMA support in potential reversal zone. Buying And Sell Targets: The buying and sell targets as per Fibonacci sequence of bullish BAT pattern should be as below: Potential reversal or buying zone: $21128 to $ 19773 Sell or Fibonacci projection zone: $ 29342.54 to $ 24359 Stop Loss: The potential reversal zone area that is up to $19773 can be used as stop loss in case of complete candlestick closes below this level. Possible profit and loss ratio: As per above targets this trade has a profit possibility of 23% and as per the above-mentioned stop loss, the loss possibility is 6.5%. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Long
by moon333
2
✳️Yearn.Finance/USDT (28/11) View + Trading Plan #YFI $YFIYFI is still showing strong buying pressure after retesting the broken 18000$ zone as our previous analysis. The target for YFI is 30000$ and even 40000$. However, the 30000$ zone is very strong and it can cause the YFI to fall sharply. But if YFI falls out of the zone of 21000$, then YFI will continue to fall to 17500$ and even 12500$ 📈BUY- LONG -Buy: 21000-22000$.SL B -Buy: 24000-25000$ if A. SL B 📉SELL-SHORT -Sell: 30000-31500$. SL A -Sell: 40000-42000$. SL A ♻️BACK-UP -Sell: 21000-22000$ if B. SL A -Buy: 17000-18000$. SL B -Sell: 17000-18000$ if B. SL A -Buy: 12000-13000. SL B -Sell: 12000-13000 if B. SL A ❓Details Condition A : "If 1D candle closes ABOVE this zone" Condition B : "If 1D candle closes BELOW this zone"
Long
by CryptoStation
2
YFI 12h Absorbing and joining preparing for the price explosion?The news from 1 December of Sushiswap & Yearn.Finance join and the flow of blocked funds blew up the Sushi and YFI price. We suggest at the same time to evaluate a fresh idea for Sushi. So, the above news helped YFI break the trend and easily rise in value from $26,000 to $31,000. For the second time, YFI price tested for the strength the last defensive bastion of sellers, which was described in the previous idea. Possible scenarios for the coming weeks: Sellers will again try to push the price back to the liquidity zone of $21,000-22,500. If in this zone, sellers show their strength and are able to lower the price below $18,300 , then the Double Top pattern will be activated. The final target for it is in the zone $10,000-11,500. If buyers show their strength, they will drive the price up to the previous high in the range of $44,000.
by P_S_trade
1
YFI/USDT - Levels to watch, YFI is very bullishYFI has broken local resistance and ran for a nice 10% gains. The next levels are on the chart. We are currently testing the 31.5k resistance level which will provide a short relief, but the momentum is very bullish which will be augmented by any BTC rally. Aim to buy any retests of resistance turned support as we go up the ladder as indicated by the arrow path. This is indicative so use your best judgement when entering and adapt as price moves giving you more hints on future price action. Also use stop-losses as YFI can correct quite quickly and deep.
Long
by duonine
1
YFIUSDT ( Descending Channel)In the chart we can see Big bounce from the support zone, I believe it could stay above 20,000. YFI/USDT currently trading at $23500 LONG ENTRY: After The Descending Channel Breakout STOP LOSS ( support): I will update once Descending channel Breakout Resistance level 1(Target) : $34000 Resistance Level 2(Target): $44000 Max Leverage: 5X ALWAYS KEEP STOP LOSS... Follow our Tradingview Account for more Technical Analysis Update, | Like, Share and Comment your thoughts
Long
by GreenCryptoTrades