Deviation and is holding above the main S/R point in my analysis is bullish..
It came super quick from rejection so it might be send back super quick but lets see.
It is holding pretty nicely here.
Building a long position here is going to be a good idea with taking profits at 11k, 14k and 17k.
Invalidation below the area.
Note: Not Financial Advice
YFIUSDT has recently broken out of a descending broadening wedge and is now forming a potential Adam and Eve pattern. A break of the pattern's neckline will trigger our target area. Accumulation of the coin can be done through the demand zone and down towards $6000, with a stop loss to be placed below the Eve bottom.
It's important to note that a breakout from...
**Fundamental Analysis**
Yearn.finance (YFI) is the native governance token of the Yearn.finance ecosystem, a suite of decentralized finance (DeFi) protocols designed to optimize yield generation for cryptocurrency holders. Yearn.finance's flagship product, yVaults, automatically seeks out and maximizes returns on users' crypto assets by employing various DeFi...
Yearn Finance (YFI) has orchestrated a strategic move, executing a feigned breakout from a descending triangle—a bullish pattern that saw a swift sweep of the $14,000 level. In this analysis, we unravel the narrative behind YFI's tactical retreat, its implications, and the anticipated journey back into accumulation.
Chart Analysis: The Intricate Dance of...
We hit 15- and at 14k YFI went pukeeee
down to 8,200
automatic relief rally to 10k
bleed down to 7.500
reject at 8,200 then claimed it
reject at 8,700 then claimed it
now YFI try'n to run
& claim 9,100 & 9,750 (really 10k)
easy run to low 13,000s may'b more
I also want to point out that mess of indicators on the bottom of the screen in a second panel. So if u...
We hit 15- and at 14k YFI went pukeeee
down to 8,200
automatic relief rally to 10k
bleed down to 7.500
reject at 8,200 then claimed it
reject at 8,700 then claimed it
now YFI try'n to run
& claim 9,100 & 9,750 (really 10k)
easy run to low 13,000s may'b more
YFI is or was nothing that turned into something as a project and experiment went FoMo bananas, Dude named...
We hit 15- and at 14k YFI went pukeeee
down to 8,200
automatic relief rally to 10k
bleed down to 7.500
reject at 8,200 then claimed it
reject at 8,700 then claimed it
now YFI try'n to run
& claim 9,100 & 9,750 (really 10k)
easy run to low 13,000s may'b more
YFI is or was nothing that turned into something as a project and experiment went FoMo bananas, Dude named...
On weekly chart YFI had a clear breakout from its well tested support at around 5000 range.
After the bounce back from the support it went directly to 15k range within two week, this is a healthy movement.
We can expect minor correct up to 10k in upcoming weeks.
For long term trade we can enter around 12-14K and set our target for 20-25K range and potentially...
The instrument has formed a level with three approaches after a strong dump, I am considering the situation for a short break after the formation of consolidation near the 8718 mark.
The most limited total supply in the crypto market (35K ONLY)
and what happened in my believe in the last correction.
it will be the FLY ZONE as 1w chart I see BIG SHOOTING STAR.
GOOD LUCK TO EVERY ONE
Really long term SUB 10k YFI you kinda cant loose but in the short I would look for a cost average from 8500 to 6kish depending on if we see a few red sideways days or more green. THIS ONE CAN lay asleep like a volcano and then boom no rhyme or reason she just blasts the f off ( when i was trading YFI actively a year or so ago almost all the tokens or like 70...
YFI 1hr time frame
finding support ( at the moment ) on the 0.618 ( fib retracement )
enter at current price
lower entries 8734 / 8323
stop loss 7942
targets 10257 / 11093 / 13115
This is for ENTERTAINMENT purpose Only.
Not Financial Advise
Always DYOR ( do your own research )
It appears that the TSXV:YFI market value loss sparked various reactions among traders. Some believe it's a coordinated cash-out by the team and exchanges, resulting in innocent traders getting liquidated. There's a call for decentralized exchanges (DEX) as an alternative due to distrust in centralized exchanges (CEX), drawing parallels between CEX and banks,...
