On D1, the price broke through the uptrend, after which a correction “zigzag” downward pattern was formed.
At the moment, a correctional "zigzag" pattern is also forming, but upward and on H4.
The downtrend border has become resistance for the price rise.
In addition, RSI (at H4) has reached the overbought level.
In our opinion, the price can test the 76.4%...
As You See YFI is Heading down to it's Original Listing Support Level, and there 2 things that will happen.
1. YFI will Bounce and Will Head Up to 13000 But Might Fall After. ( 60% )
2. YFI will Break Support and Might Go Up a Lil Bit and Continues to Fall. ( 40% )
2 Things To Do
Buy When Price Bounce From Support and SL 7 - 20% ( Use 1-5% of Balance )
Short...
Hello everyone! Andrew here, quick up date on YFI, IMO a Short is obvious. If you plan to short, do it now, don't try to catch a falling knife. Set tight stops.
I am not an investment adviser, confirm all calls.
If you agree, please like and follow...
Pretty obvious setup here.
I see this continuing downwards unless of course a alt rally happens (which it probably will here soon) so tread carefully. either way HnS is bearish I would not enter.
