YEARN.FINANCE - YFI/USD - 1H - Technical analysis published on 11/10/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 6,170.00 USD
My targets
6,765.81 USD (+5.23%)
7,331.62 USD (+14.04%)
My analysis
YEARN.FINANCE - YFI/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 6,170.00 USD. The next resistance located at 6,765.81 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 7,331.62 USD. After this resistance, buyers could then target 10,511.87 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
0
10
8.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
YEARN.FINANCE - YFI/USD rating 6,429.25 USD. The price registered an increase of +18.88% on the session with the lowest point at 5,321.31 USD and the highest point at 6,950.03 USD. The deviation from the price is +20.82% for the low point and -7.49% for the high point.5,321.31
6,950.03
6,429.25
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of YEARN.FINANCE - YFI/USD in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Moving Average bullish crossovers : AMA20 & AMA50
Type : Bullish
Timeframe : 1 hour
In fact, 15 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bullish signals that could support the hypothesis of a small rebound in the very short term:
Upside gap
Type : Bullish
Timeframe : 1 hour
Long white line
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5,305.31 | 5,563.68 | 6,170.00 | 6,429.25 | 6,765.81 | 7,331.62 | 10,511.87 |
| Change (%) | -17.48% | -13.46% | -4.03% | - | +5.23% | +14.04% | +63.50% |
| Change | -1,123.94 | -865.57 | -259.25 | - | +336.56 | +902.37 | +4,082.62 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,912.13 | 5,053.48 | 5,230.93 | 5,372.28 | 5,549.73 | 5,691.08 | 5,868.53 |
| Camarilla | 5,320.70 | 5,349.92 | 5,379.15 | 5,408.37 | 5,437.59 | 5,466.82 | 5,496.04 |
| Woodie | 4,930.17 | 5,062.51 | 5,248.97 | 5,381.31 | 5,567.77 | 5,700.11 | 5,886.57 |
| Fibonacci | 5,053.48 | 5,175.27 | 5,250.50 | 5,372.28 | 5,494.07 | 5,569.30 | 5,691.08 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,567.38 | 3,977.68 | 4,693.03 | 5,103.33 | 5,818.68 | 6,228.98 | 6,944.33 |
| Camarilla | 5,098.82 | 5,202.00 | 5,305.19 | 5,408.37 | 5,511.56 | 5,614.74 | 5,717.92 |
| Woodie | 3,719.90 | 4,053.94 | 4,845.55 | 5,179.59 | 5,971.20 | 6,305.24 | 7,096.85 |
| Fibonacci | 3,977.68 | 4,407.68 | 4,673.34 | 5,103.33 | 5,533.33 | 5,798.99 | 6,228.98 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,320.11 | 3,909.25 | 4,313.05 | 4,902.19 | 5,305.99 | 5,895.13 | 6,298.93 |
| Camarilla | 4,443.79 | 4,534.81 | 4,625.83 | 4,716.85 | 4,807.87 | 4,898.89 | 4,989.91 |
| Woodie | 3,227.44 | 3,862.92 | 4,220.38 | 4,855.86 | 5,213.32 | 5,848.80 | 6,206.26 |
| Fibonacci | 3,909.25 | 4,288.55 | 4,522.89 | 4,902.19 | 5,281.49 | 5,515.83 | 5,895.13 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 92.26 | |
| MACD (12,26,9): | 244.6500 | |
| Directional Movement: | 67.03 | |
| AROON (14): | 85.72 | |
| DEMA (21): | 5,930.76 | |
| Parabolic SAR (0,02-0,02-0,2): | 5,636.45 | |
| Elder Ray (13): | 702.86 | |
| Super Trend (3,10): | 5,930.74 | |
| Zig ZAG (10): | 6,463.72 | |
| VORTEX (21): | 1.4000 | |
| Stochastique (14,3,5): | 80.33 | |
| TEMA (21): | 6,082.56 | |
| Williams %R (14): | -32.81 | |
| Chande Momentum Oscillator (20): | 1,055.19 | |
| Repulse (5,40,3): | 5.9800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3200 | |
| Courbe Coppock: | 25.11 |
| MA7: | 5,193.03 | |
| MA20: | 4,945.45 | |
| MA50: | 5,016.77 | |
| MA100: | 5,029.97 | |
| MAexp7: | 5,998.20 | |
| MAexp20: | 5,577.27 | |
| MAexp50: | 5,374.62 | |
| MAexp100: | 5,228.67 | |
| Price / MA7: | +23.81% | |
| Price / MA20: | +30.00% | |
| Price / MA50: | +28.16% | |
| Price / MA100: | +27.82% | |
| Price / MAexp7: | +7.19% | |
| Price / MAexp20: | +15.28% | |
| Price / MAexp50: | +19.62% | |
| Price / MAexp100: | +22.96% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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