YFI in a Daily Falling wedge .YFI is in a daily falling wedge that has a bias to break to the upside and can often change trend, which is currently downtrend.
First target is $21,100 (43%)
RSI has bottomed and is giving slight bullish divergence, MACD has given second buy tick today, confirming a buying a wave. As long as Bitcoin doesn't drop below $12k this setup should go well.
Good luck!
Tibor
YFIUSD
YFI/BTC (Support Break?)💎Technical Analysis Summary💎
BINANCE: YFIBTC
-YFI is starting to break its local key support area
-This is not a good sign in terms of Bullish price action
-If this level breaks down, the next potential minor support is around 1 BTC
-Please manage your risk and user proper stop loss location
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YFI/BTC (Testing Key Support Level)💎Technical Analysis Summary💎
BINANCE: YFIBTC
-YFI broke bearish after confirming the H&S pattern
-It reaches the key level of support today
-Buying during a heavy downtrend is a high risk
-This is the first touch so it is hard to say it will hold
-We need further consolidation and more green candles
-Let us wait for a few more days and look for patter reversals
A big Thanks for donating 💰 via Tradingview coins this week to  ahancock  🙏🎉
``````````````````````````````````````````````
Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
``````````````````````````````````````````````
Thank You All!🙏😊💖For Supporting My Channel 📺
Through Leaving A Thumbs Up, Comment & Follow 💬
Happy Trading!😊💕💖
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