MachiavelliTrader

YFII: Makaveli & The YFII BULLS(Exposing Bulls Next Plan)

Long
YFII Seem to be on a downtrend for sometime now but that is all about to change for YFII. My YFII target are pretty simple 3 target Take Profit points.
Currently we are yet to see a breakout from the current side ways market but the higher timeframe show we are not far from this breakout point.

I see The resistance that the bulls will need to conquer for this breakout to occur is at the range of 2380 to 2600.
Bulls these bulls look prepared and will most likely to attempt a break of this resistance soon that will lead the bulls to my first target around $3600 to $4600.
Now mind you that the $3600 to $4600 is actually a much sturbone resistance area and Here, also lies a strong chance of push down by the resistance that is likely to kick
bulls to fall back to $3200 to $2800 support.
My second and final target base on weekly chart is, 2nd TA = $7600 and 3rd TA = $9000

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