Londinia Opportunities Analyses - 05/08/2024 (GMT) YEARN.FINANCE - YFI/ETH - 1H

- ETH (-)

- Real time data - Cryptocompare

Type:	Cryptocurrencies
Ticker:	YFIETH
ISIN:

Londinia

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.

Cryptocurrencies
Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

22%

My opinion

Bullish above 2.27 ETH

My targets

2.32 ETH (+1.31%)

2.51 ETH (+9.61%)

My analysis

The bullish trend is currently very strong on YEARN.FINANCE - YFI/ETH. As long as the price remains above the support at 2.27 ETH, you could try to benefit from the boom. The first bullish objective is located at 2.32 ETH. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2.51 ETH as an objective. Crossing it would then enable buyers to target 3.41 ETH. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.2

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Additional analysis

Quotes

The YEARN.FINANCE - YFI/ETH rating is 2.29 ETH. On the day, this instrument gained +0.44% with the lowest point at 2.27 ETH and the highest point at 2.29 ETH. The deviation from the price is +0.88% for the low point and 0% for the high point.

2.27

2.29

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

Technical

A technical analysis in 1H of this YEARN.FINANCE - YFI/ETH chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 13 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour

The analysis of the price chart with Central Patterns scanners does not return any result.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Bearish engulfing lines

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.20	2.24	2.27	2.29	2.30	2.32	2.51
Change (%)	-3.93%	-2.18%	-0.87%	-	+0.44%	+1.31%	+9.61%
Change	-0.09	-0.05	-0.02	-	+0.01	+0.03	+0.22
Level	Major	Intermediate	Intermediate	-	Minor	Major	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.17	2.20	2.24	2.27	2.31	2.34	2.38
Camarilla	2.26	2.27	2.27	2.28	2.29	2.29	2.30
Woodie	2.18	2.20	2.25	2.27	2.32	2.34	2.39
Fibonacci	2.20	2.23	2.24	2.27	2.30	2.31	2.34

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.91	2.01	2.12	2.22	2.33	2.43	2.54
Camarilla	2.17	2.19	2.21	2.23	2.25	2.27	2.29
Woodie	1.92	2.01	2.13	2.22	2.34	2.43	2.55
Fibonacci	2.01	2.09	2.14	2.22	2.30	2.35	2.43

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.38	1.70	1.96	2.28	2.54	2.86	3.12
Camarilla	2.06	2.11	2.17	2.22	2.27	2.33	2.38
Woodie	1.35	1.69	1.93	2.27	2.51	2.85	3.09
Fibonacci	1.70	1.92	2.06	2.28	2.50	2.64	2.86

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	59.83
MACD (12,26,9):	0.0100
Directional Movement:	4.49
AROON (14):	64.29
DEMA (21):	2.29
Parabolic SAR (0,02-0,02-0,2):	2.27
Elder Ray (13):	0.01
Super Trend (3,10):	2.26
Zig ZAG (10):	2.29
VORTEX (21):	1.0600
Stochastique (14,3,5):	73.58
TEMA (21):	2.28
Williams %R (14):	-23.32
Chande Momentum Oscillator (20):	0.01
Repulse (5,40,3):	0.1100
ROCnROLL:	1
TRIX (15,9):	0.0400
Courbe Coppock:	0.35

MA7:	2.26
MA20:	2.25
MA50:	2.36
MA100:	2.55
MAexp7:	2.28
MAexp20:	2.28
MAexp50:	2.27
MAexp100:	2.26
Price / MA7:	+1.33%
Price / MA20:	+1.78%
Price / MA50:	-2.97%
Price / MA100:	-10.20%
Price / MAexp7:	+0.44%
Price / MAexp20:	+0.44%
Price / MAexp50:	+0.88%
Price / MAexp100:	+1.33%

Quotes : - Real time data - Cryptocompare