Long
will $yfi blow the roof off soon

yfi had a nice response at the yearly show providing a $10k candle to the upside that his since retraced to the $8k region.
whilst selling pressure has made a low on the OBV, the price has managed to stay above the last bearish candle open on the monthly chart.
we now have a clear demand zone with unlimited upside potential, given that bitcoin seems to have found a local bottom / dxy has possibly peaked giving relief everywhere else.
if yfi can break the diagonal and claim the daily at $11k then there is no reason yfi cannot test $22k upward, possibly even mid-high $40k, or just go nuts and hit the 1.62 fib at $150k, but baby steps for now ;-)
whilst selling pressure has made a low on the OBV, the price has managed to stay above the last bearish candle open on the monthly chart.
we now have a clear demand zone with unlimited upside potential, given that bitcoin seems to have found a local bottom / dxy has possibly peaked giving relief everywhere else.
if yfi can break the diagonal and claim the daily at $11k then there is no reason yfi cannot test $22k upward, possibly even mid-high $40k, or just go nuts and hit the 1.62 fib at $150k, but baby steps for now ;-)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.