alanmasters

YFI "V Bottom" | Bullish Momentum Building Up!

Long
BINANCE:YFIBTC   YFI / Bitcoin
This is another pair that we hit perfectly... YFIBTC.

On this current chart, you can see a "V bottom" pattern, which is strongly bullish .

Let's start by looking at the previous chart (this is from November 6):
Notice how the YFIBTC, 4H timeframe, price is now staying above EMA200 on the previous chart.

Now, we are looking at the YFIBTC on the daily (D) timeframe, meaning, you get 24 hours per candle rather than just 4.

Here we have prices challenging EMA50 (1.215) which is a very strong level.
Above this level, we get another price jump.

  • We have the RSI above 50.
  • The entire altcoins market heating up, continues to grow.
  • Bitcoin is hitting highs that haven't been hit in years and...
  • The USA will have a huge surprise for you all.

All these signals are pointing to additional growth.

Still, you don't have to take my word for it...
Give it some time, do your own research, and we will see how it goes.

My view remains, YFIBTC will continue to grow.

Thanks a lot my friend for the amazing and continued support.

Namaste.
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Comments

Great explanation, what about YFII? Is it the same?
+1 Reply
alanmasters Eric_trade05
@Eric_trade05, I will share an analysis tomorrow because I already reached my posting limit today.

The last time I checked they were both moving together.
+1 Reply
Eric_trade05 Eric_trade05
@alanmasters okay thanks, will be waiting for your analysis
Reply
Great call!

LOVING this DeFi push we have right now, hoping with the volume it's here to stay for a while.

Peace to you Alan! 🙏 Keep proving the haters wrong
+1 Reply
alanmasters reggiogeorge
@reggiogeorge, Thanks a lot for the support.
Reply
nice chart! thanks for sharing! 🚀🦐👏🏻
Reply
Sir, you are excellent, thank you for your excellent analysis
I owe it to the people, when we give it is over, I will definitely cooperate with you as soon as I get the money.
Reply
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