Yearn.Finance (YFI) Likely To Go Again...

30 giu 2021

These signals are very simple:

1. YFIBTC Corrected and found support exactly at the 0.786 Fib. retracement level of the last bullish wave.
2. Its price is back above MA200 (black line).
3. Look at the bullish cross on the MACD (chart below).
4. Other altcoins (Altcoins vs Bitcoin) are starting to move strong.

MACD:

YFIBTC can potentially resume its uptrend here.

Note: If prices break and close below 0.83396, we are likely to experience additional bearish action (red arrows).

Any trading above 0.83396 (Fib. retracement support) and/or 0.89857 (MA200) and we stay bullish.

If the charts signals change we also change.
Always adapt to the market.

Namaste.