Hello traders here is a quick analysis on YFIIUSDT
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Expecting YFIIUSDT to test resistance at $1.280 as long as the falling wedge is confirmed.
The Falling Wedge is a bullish pattern that begins wide at the top and contracts as prices move lower. This price action forms a cone that slopes down...
YFII is ready to break out!
As the chart you can see the price is trying to break up a trend line which has been too strong for over 2months .
After poll back you can enter on this position and get over 37% reward.
This beast is about to take off. buy here and hold for some days.
Target 1: 4300
Target 2: 4500
Target 3: 4900
Target 4: 5500(mid term)
Target 5: 6000 (long term)
STOP LOSS: 3640
Give a like and Enjoy your profit.
YFII broke out of the descending trendline. Bounced strong form the bottom with an engulfing bullish 4H candle.
Best entries: 3738.2 - 3810.0
Max leverage: 3
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There is a beautiful picture on the YFIl chart. You can see the trend line, the price has already tested this trend line 5 times. With each test, the resistance becomes weaker, and maybe this time the price can finally break this resistance level. A good buying opportunity will be after the breakdown or retest of this trend line.
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YFIIUSDT Bullish divergence
trading cryptocurrencies is quite risky, if you experience losses due to using my analysis, I am not responsible for that, always use risk management, hope you are healthy always good luck.
YFII Seem to be on a downtrend for sometime now but that is all about to change for YFII. My YFII target are pretty simple 3 target Take Profit points.
Currently we are yet to see a breakout from the current side ways market but the higher timeframe show we are not far from this breakout point.
I see The resistance that the bulls will need to conquer for this...