Londinia Opportunities Analyses - 05/23/2022 (GMT) YEARN.FINANCE - YFI/ETH - 1H
| Type: | Cryptocurrencies |
| Ticker: | YFIETH |
| ISIN: |
- Cryptocurrencies
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 4.63 ETH
My targets
4.52 ETH (-1.67%)
4.35 ETH (-5.50%)
My analysis
The bearish trend is currently very strong for YEARN.FINANCE - YFI/ETH. As long as the price remains below the resistance at 4.63 ETH, you could try to take advantage of the bearish rally. The first bearish objective is located at 4.52 ETH. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 4.35 ETH as an objective. Crossing it would then enable sellers to target 4.10 ETH. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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 bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds 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
YEARN.FINANCE - YFI/ETH rating 4.60 ETH. On the day, this instrument lost -0.22% with the lowest point at 4.50 ETH and the highest point at 4.71 ETH. The deviation from the price is +2.22% for the low point and -2.34% for the high point.4.50
4.71
4.60
A study of price movements over other periods shows the following variations:
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
A technical analysis in 1H of this YEARN.FINANCE - YFI/ETH chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, 12 technical indicators on 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Bullish doji star
Type : Bullish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 4.60 | 4.63 | 4.80 | 4.90 |
| Change (%) | - | +0.65% | +4.35% | +6.52% |
| Change | - | +0.03 | +0.20 | +0.30 |
| Level | - | Intermediate | Intermediate | Intermediate |
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 | 4.42 | 4.52 | 4.56 | 4.66 | 4.70 | 4.80 | 4.84 |
| Camarilla | 4.57 | 4.58 | 4.60 | 4.61 | 4.62 | 4.64 | 4.65 |
| Woodie | 4.40 | 4.51 | 4.54 | 4.65 | 4.68 | 4.79 | 4.82 |
| Fibonacci | 4.52 | 4.57 | 4.60 | 4.66 | 4.71 | 4.74 | 4.80 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.10 | 4.35 | 4.52 | 4.77 | 4.94 | 5.19 | 5.36 |
| Camarilla | 4.59 | 4.62 | 4.66 | 4.70 | 4.74 | 4.78 | 4.82 |
| Woodie | 4.07 | 4.33 | 4.49 | 4.75 | 4.91 | 5.17 | 5.33 |
| Fibonacci | 4.35 | 4.51 | 4.61 | 4.77 | 4.93 | 5.03 | 5.19 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.21 | 5.03 | 5.56 | 6.38 | 6.91 | 7.73 | 8.26 |
| Camarilla | 5.72 | 5.84 | 5.97 | 6.09 | 6.21 | 6.34 | 6.46 |
| Woodie | 4.07 | 4.96 | 5.42 | 6.31 | 6.77 | 7.66 | 8.12 |
| Fibonacci | 5.03 | 5.55 | 5.86 | 6.38 | 6.90 | 7.21 | 7.73 |
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): | 35.75 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | -18.83 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 4.61 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.70 | |
| Elder Ray (13): | -0.09 | |
| Super Trend (3,10): | 4.66 | |
| Zig ZAG (10): | 4.53 | |
| VORTEX (21): | 0.8300 | |
| Stochastique (14,3,5): | 19.96 | |
| TEMA (21): | 4.61 | |
| Williams %R (14): | -100.00 | |
| Chande Momentum Oscillator (20): | -0.07 | |
| Repulse (5,40,3): | -1.1400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 2.15 |
| MA7: | 4.68 | |
| MA20: | 5.28 | |
| MA50: | 5.90 | |
| MA100: | 6.59 | |
| MAexp7: | 4.61 | |
| MAexp20: | 4.63 | |
| MAexp50: | 4.65 | |
| MAexp100: | 4.70 | |
| Price / MA7: | -1.71% | |
| Price / MA20: | -12.88% | |
| Price / MA50: | -22.03% | |
| Price / MA100: | -30.20% | |
| Price / MAexp7: | -0.22% | |
| Price / MAexp20: | -0.65% | |
| Price / MAexp50: | -1.08% | |
| Price / MAexp100: | -2.13% |
Quotes :
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Real time data
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Cryptocompare