Potential opportunity of (+30%) to be monitored on YFI

MARKET_MINDS BULLISH YFI

 Mid-term study 

 

image (1).png

Scenario : 

 

We expect a tentative of bullish exit from the current bearish trend as long as YFI remains 6565 and 8100 in setback.


An intermediate resistance area at 10950 is acting as taking profit level on the short-term while 17690 is the standard target for the coming weeks/months

 

Key Element:
 

  • The long-term trend analysis shows potential towards 44000 as long as 4020 strategic support remains valid
  • The mid-term element as Mobile average and RSI are showing bullish pre-signal (RSI)
  • YFI is outperforming ETH & BTC since August basis which allows us to keep this coin in portfolio.
  •  

Trade Idea : Buy

 

  • => Target 2 : 17690 (+115% from 8100)
  •  
  • => Target 1 : 10950 (+30% from 8100)
  •  
  • => Entry area 8100 (in setback)
  •  
  • => Stop 6565 (Daily close)

 

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