YFI is in a Bullish flag that is about to retest the downtrend line of the flag, roughly testing $38.250 - 13%
If the downtrend line breaks, I expect a peek at least to $42.000, so that can be the second TP - 24%.
IF the price of YFI breaks the $42.000, I expect to rise all the way to $45.000 (33%) and if this level is also broken, maybe even $50.000 (47%).
RSI has found support and is forming new higher high.
MACD is giving first tick of buying wave.
Price found support at 200EMA.
We are in a 6-day bullish pattern called Bull Flag .
The setup is invalid if the price breaks below $29.000, that would mean over 10% loss.
And remember not to get too greedy, there are many other good alt coin trade opportunities.
All the best!
Tibor
If the downtrend line breaks, I expect a peek at least to $42.000, so that can be the second TP - 24%.
IF the price of YFI breaks the $42.000, I expect to rise all the way to $45.000 (33%) and if this level is also broken, maybe even $50.000 (47%).
RSI has found support and is forming new higher high.
MACD is giving first tick of buying wave.
Price found support at 200EMA.
We are in a 6-day bullish pattern called Bull Flag .
The setup is invalid if the price breaks below $29.000, that would mean over 10% loss.
And remember not to get too greedy, there are many other good alt coin trade opportunities.
All the best!
Tibor
Comment:
YFI 4h bullish divergence, overall I am not really happy with YFI movement so far..
