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Acel
Jan 12, 2021 1:50 PM

YFIUSD - An asymmetrical risk/reward? Long

yearn.finance / United States DollarCoinbase

Description

There is a possible completed expanded flat correction on YFI, with an impulsive move coming from ltf.

Comment

Possible leading diagonal from the lows, so better be careful here.

Comment

We can still be in a bigger diagonal while below red fib, so care for a pullback after a new high.

If that's the case structure is bullish for the macro.

Comment

A series of 1-2s is bullish too, should trend this week...

Trade closed manually

This chart is getting weirder after every move... Recent PA may hint to a leading diag so watching for a long opportunity @ 50% retracement ~20k.


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