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P_S_trade
Dec 23, 2020 2:04 PM

YFI 12h H&S Reversal Pattern and Possible Strong Price Fall Short

YFI / TetherUSBinance

Description

It looks like the YFI price is facing dark times.
On the chart, for the second time, a H&S reversal pattern is drawn.
A few months ago, we were one of the first
with the H&S on the YFIUSDT chart and it worked out perfectly.

Now, again there is a threat of a sharp price fall.
Below $22,500 there is still a level of $21,000, and then there is an emptiness up to $16,750.
The volumes suggest that there is no interest in the coin.

The only thing we can control in the market is compliance with risks.

According to the TA canons, after the fall, the price must test the base of the H&S for strength from the bottom.
However, the global targets for the figure fulfillment are in the zone of $11,500-13,000.
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Comments
Jerryklaas
I'll hope this plays out 🙏
P_S_trade
@Jerryklaas, will see..))
Mihai_Iacob
Nice chart!
P_S_trade
@OptimoomFX, thanks)
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