YFI about to perform 14% move from bull pattern!
YFI is currently in an ascending triangle which is an bullish pattern.
The price has already broken the resistance area of the triangle and confirmed it as a support, and the move up is already happening.
I don't expect YFI to retest the ascending triangle uptrend line, but it's a possibility.
Either buy market or buy the break of $36.688.
Take profit below $39.000 and below $41.500
If the uptrend line of this ascending triangle gets broken, that would invalid this setup.
Good luck!
Tibor
The price has already broken the resistance area of the triangle and confirmed it as a support, and the move up is already happening.
I don't expect YFI to retest the ascending triangle uptrend line, but it's a possibility.
Either buy market or buy the break of $36.688.
Take profit below $39.000 and below $41.500
If the uptrend line of this ascending triangle gets broken, that would invalid this setup.
Good luck!
Tibor
Comment:
I didn't expected the retest of uptrend line, but it happened. Setup is still active.
Comment:
I am still in YFI, looking to take profit at $38.250, which is the top of the dowtrend channel.
