The bottom low for this pair, YFIUSD, hit June 2022. Ever since this low we have higher lows, with all the action from June 2022 through present time being a very long consolidation phase, if we zoom out and consider the big picture.
When this pair starts to move strong, the action we are seeing now will look flat basically compared to the strong bullish wave that will develop.
Looking at October 2023, today, we have a break above EMA10 and EMA21. This "switches" the potential from bearish (below these levels) to bullish (above).
Notice the broken downtrend line on the chart... Another bullish signal.
The next target can happen around 20,000 or more. If we consider the current price, that's 400% "easy" growth.
I hope this trade idea answers your questions and doubts. I hope you are blessed with wealth, health and success.
I am wishing you tons of luck and amazing profits in this upcoming Cryptocurrency market bullish wave.
Thanks a lot for your continued support. You are appreciated, now and always!