Activation of the transaction only when the blue zone is fixed/broken.
The author recommends the use of anchoring fixed the blue zone, this variation is less risky.
If there is increased volatility in the market and the price is held for more than 2-3 minutes behind the activation zone after the breakdown, then the activation of the idea occurs at...
Looks like we will see the finally of double top which will be confirmed after breaking the neck.
Would be nice short trade down to the end of the channel where we can turn around into a great long position.
Just my opinion and no advice at all.
-Price forming Ascending triangle
-Price needs to confirm or show bullish pattern near trendline (riskier approach)
-Price still in range (corrective structure) might fill longs and short orders so be careful
-Break above ascending pattern less aggressive approach
YFI is dumping strongly and the dip would be 33k$ or 37k$, for target at 45k$, which is very strong resistance and it could push YFI down to 37k$ again and then generate new rally up to 65k$
-Buy: 32-34k$. SL B
-Sell: 44-46k$. SL A
-Sell: 51-53k$. SL A
-Sell: 64-66k$. SL A
-Buy: 27-29k$ if A. SL B
-Buy: 19-21k$ if A. SL...
As you can see YFI broke out its trend line and is now in search of new price levels. The trend line may become its new support level which will make YFI very bullish. However, the RSI seems to show a bit of overbought atm which is why I have added a "buy zone". IMO it's a wait for now for a pullback into the buy zone or a pullback onto the previous trendline. If...
YFI bear action seems to be losing momentum, with a bulish hammer formed in the 4h chart, followed by a long-legged dogi and a bullish engolfing patter, where I entered the trade.
Disclaimer: I am a beginner trader, not a professional.
Hello everyone 😃
As you can see, YFI / USDT has faced a resistance zone and now has reached a primary line in an uptrend!
Volatility is above the underbought zone and is now trying to get out to test the RSI trend.
If the YFI / USDT breaks through the key resistance zone then we will have a new outlook for price action and volatility will return to the bullish...