YFI - Testing A Key Support, Will History Repeat itself?
YFI, everyone's favorite anomaly, is testing it's newly formed upward channel and the high liquidity area that has lead to multiple bounces in the past uptrend.
MACD is still bullish, though weakening ever so slightly. priority is still up.
RSI just left overbought, position is strong.
This could potentially be a good opportunity to get in on the next leg up, lets see how it resolves this corner of the ascending channel.
If we break the channel and support we're going back down to .236 fib area. If we can hold the channel it's an easy ride up.
MACD is still bullish, though weakening ever so slightly. priority is still up.
RSI just left overbought, position is strong.
This could potentially be a good opportunity to get in on the next leg up, lets see how it resolves this corner of the ascending channel.
If we break the channel and support we're going back down to .236 fib area. If we can hold the channel it's an easy ride up.
Come hang out with me on telegram, it's free and I won't be too mean too mean to you:
t.me/KadnimCrypto
t.me/KadnimCrypto
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