P_S_trade

YFII Well, the "second bottom" as a gift or still to $1900?

Our previous idea accurately worked out, and given the great interest of users and their "support", it's time to update thoughts on YFII.
For 3 months, the YFII cost has been non-stop falling in the channel.
For the first time, the "bottom" at the level $1169 was recorded on 10.07.2020, and the fall was 88% of the maximum value. Those days, the maximum trading volumes were recorded, that is, there was interest.

Today, for the third time, the price has approached "conditional bottom"level. But trading volumes are gradually decreasing, you need to carefully monitor whether there are interested large buyers, because so far there are no applications for a rebound from the “bottom”.

Although, we see the following scenarios in the near future:
  • If the price can fix above $1385-1400 and exit from the falling channel, then the way to a firm volume level $1900 will be opened.
  • If the price breaks the "bottom" down and fixes below $1135, then there will be every chance to get a second "bottom" at the level $860 or even a third "bottom" in the zone $500-630.

P.S. our YFII trade here
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