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dudebruhwhoa
Feb 22, 2023 3:36 PM

Second Attempt at Weekly Channel Breakout Long

yearn.finance / BitcoinCoinbase

Description

YFI is attempting to break out of its weekly channel for the 2nd time, last time it failed but has since kept pushing on it.

Let's see if we get an actual breakout this time. First need to see it get and hold above the 200 day EMA, then targets come into play.

Otherwise lose the top of the channel and it may either push for a 3rd attempt, or it could swing back down towards channel bottom

This should show 3 touches on both ends, below:

Comment

Another chart pic showing channel extended to the left of the chart:

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