BINANCE:YFIBTC
A few days ago, I warned about the Yafi in the @Bitexgroup, which has the potential to break its triangle and just needs to surge a good volume:
As I expected, the breakout happened with a full candlestick and good volume, and it touched the initial resistances,
For now , Breaking the Important S/R level can push #YFI to 1.4 to 2 bitcoins
...
*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. You should always do your own due diligence before trading or investing.
*Follow me for the latest cryptocurrency analyses on my watchlist
*Thank you to those who donated, I very much appreciate it.
*Let me know in the comment section if you...
The current situation:
1. On the 12HR chart, price action has formed an inverse head and shoulders with a measured target of 33K USD. Currently, it is at about 30.3K and price action has formed an ascending triangle with a measured target of almost 33K as well. The 0.5 Fib level is currently seen as resistance as there is no other major moving averages above the...
YFI has broken the bullish canal that it has been. This is a big sell sign. However, since it is holding onto the support level below the canal so far, this breakout can be a fake one. In the case of YFI holding onto this support level, it is likely that it will go back to the bullish canal and make a new higher high. The current level is also a strong Fibonacci...
