Chibuike_Odoh

YFIUSDT (YEARN.FINANCE) - BUY ENTRY

Long
BINANCE:YFIUSDT   YFI / TetherUS
ANALYSIS πŸ”Ž
- YFIUSDT brokeout above the inverse head and shoulders neckline resistance and descending trendline resistance (DTR-1).
- The market then retraced for the retest of the neckline resistance, descending trendline resistance (DTR-1), key fibonacci retracement zone and ascending trendline support ( ATS ).
- The retracement was resisted by the descending trendline resistance (DTR-2).
- Price brokeout above the descending trendline resistance (DTR-2).
- This is a bullish signal.

BUY ENTRY ⬆️
- Conservative entry : breakout above the previous swing high resistance (R1).
- Aggressive entry : market price (now).

TARGETS 🎯
- Horizontal resistance level (R2).
- Fibonacci extension levels.

SETUP INVALIDATION ❌
- Breakdown below the ascending trendline support ( ATS ) and previous swing low support level .

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter