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
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YFI 4h bullish divergence, overall I am not really happy with YFI movement so far..