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AlanSantana
Nov 11, 2020 12:58 AM

YFI Faces Resistance, Will It Grow More? Long

YFI / BitcoinBinance

Description

Just as prices can go almost straight down as we saw from Sept. till' Nov., they can also do straight up, as it is happening now.

YFI Has More To Offer (245%+ Mapped)


YFIBTC is now facing resistance at 1.255 or EMA50.
This is an important level.

Looking at the bearish wave and how quickly prices fell, the possibility exists for the up wave to do the same.

If EMA50 can be cleared, we can expect another jump of 170%.

On an EMA50 rejection, we would have a retrace before the next move can develop.

The chart is full bullish here.
  • Strong RSI.
  • Rising MACD.
  • Increasing volume.
  • Bullish altcoins market.


Additional information can be seen on the chart.

Namaste.
Comments
DInoaososo
PLease in green again, nice chart
pabloescutia
Babenski
nice 👍
lavventura
Will it try to pass 1.25 again?
pabloescutia
Looks like there was a EMA50 rejection, Where should we re-enter long, many thanks!!
AlanSantana
@pabloescutia, That's a great question, it needs time.

Also, if you are talking about re-entering means you already exit?
InkyGrip
nice setup my friend! 🦐👌🏻
nevada999
STOP POSTING SHITCOINS!!
pabloescutia
@nevada999, If you know how to trade, there are no shitcoins mate!
AlanSantana
@pabloescutia, Well said!
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