Londinia Opportunities Analyses - 05/21/2022 (GMT) YEARN.FINANCE - YFI/ETH - 1H
| Type: | Cryptocurrencies |
| Ticker: | YFIETH |
| ISIN: |
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
- Cryptocurrencies
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
61%
28%
My opinion
Bearish under 4.80 ETH
My targets
4.33 ETH (-6.01%)
4.10 ETH (-11.00%)
My analysis
YEARN.FINANCE - YFI/ETH is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 4.80 ETH. The next support located at 4.33 ETH is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 4.10 ETH. Below this support, sellers could then target 3.67 ETH. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.7
Analysis too old. There are no more charts available.
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Additional analysis
Quotes
The YEARN.FINANCE - YFI/ETH price is 4.61 ETH. The price is lower by -1.29% since the last closing and was between 4.59 ETH and 4.66 ETH. This implies that the price is at +0.44% from its lowest and at -1.07% from its highest.4.59
4.66
4.61
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by YEARN.FINANCE - YFI/ETH:
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of YEARN.FINANCE - YFI/ETH indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 11 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 4.61 | 4.63 | 4.80 | 4.90 |
| Change (%) | - | +0.43% | +4.12% | +6.29% |
| Change | - | +0.02 | +0.19 | +0.29 |
| Level | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.44 | 4.54 | 4.61 | 4.71 | 4.78 | 4.88 | 4.95 |
| Camarilla | 4.62 | 4.64 | 4.65 | 4.67 | 4.69 | 4.70 | 4.72 |
| Woodie | 4.42 | 4.53 | 4.59 | 4.70 | 4.76 | 4.87 | 4.93 |
| Fibonacci | 4.54 | 4.61 | 4.65 | 4.71 | 4.78 | 4.82 | 4.88 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.63 | 3.67 | 4.33 | 5.37 | 6.03 | 7.07 | 7.73 |
| Camarilla | 4.53 | 4.69 | 4.84 | 5.00 | 5.16 | 5.31 | 5.47 |
| Woodie | 2.45 | 3.58 | 4.15 | 5.28 | 5.85 | 6.98 | 7.55 |
| Fibonacci | 3.67 | 4.32 | 4.72 | 5.37 | 6.02 | 6.42 | 7.07 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.10 | 4.98 | 5.53 | 6.41 | 6.96 | 7.84 | 8.39 |
| Camarilla | 5.70 | 5.83 | 5.96 | 6.09 | 6.22 | 6.35 | 6.48 |
| Woodie | 3.95 | 4.90 | 5.38 | 6.33 | 6.81 | 7.76 | 8.24 |
| Fibonacci | 4.98 | 5.52 | 5.86 | 6.41 | 6.95 | 7.29 | 7.84 |
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): | 40.32 | |
| MACD (12,26,9): | -0.0300 | |
| Directional Movement: | -5.61 | |
| AROON (14): | -7.15 | |
| DEMA (21): | 4.63 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.77 | |
| Elder Ray (13): | -0.03 | |
| Super Trend (3,10): | 4.70 | |
| Zig ZAG (10): | 4.61 | |
| VORTEX (21): | 0.6700 | |
| Stochastique (14,3,5): | 13.68 | |
| TEMA (21): | 4.61 | |
| Williams %R (14): | -89.15 | |
| Chande Momentum Oscillator (20): | -0.09 | |
| Repulse (5,40,3): | -0.4500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0700 | |
| Courbe Coppock: | 3.80 |
| MA7: | 4.74 | |
| MA20: | 5.43 | |
| MA50: | 5.99 | |
| MA100: | 6.65 | |
| MAexp7: | 4.63 | |
| MAexp20: | 4.66 | |
| MAexp50: | 4.70 | |
| MAexp100: | 4.77 | |
| Price / MA7: | -2.74% | |
| Price / MA20: | -15.10% | |
| Price / MA50: | -23.04% | |
| Price / MA100: | -30.68% | |
| Price / MAexp7: | -0.43% | |
| Price / MAexp20: | -1.07% | |
| Price / MAexp50: | -1.91% | |
| Price / MAexp100: | -3.35% |
Quotes :
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Real time data
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Cryptocompare