Long
YFII/USD - Path to $3,000
YFII is on an ascending path towards $3,000 with two immediate resistance points or target points:
Longing this ascending support line presents an interesting opportunity, however any sustained drop by any of the market leaders (BTC/ETH) may break it. So good to put a stop loss just under it if you plan to long.
The indicators are looking a bit bearish to me on daily timeframe and volume has been decreasing on the last two pumps, therefore, treat with care. On 4h indicators are looking good to go higher. Possible paths on the chart.
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- TP 1 @ $1,400
- TP 2 @ $3,000
Longing this ascending support line presents an interesting opportunity, however any sustained drop by any of the market leaders (BTC/ETH) may break it. So good to put a stop loss just under it if you plan to long.
The indicators are looking a bit bearish to me on daily timeframe and volume has been decreasing on the last two pumps, therefore, treat with care. On 4h indicators are looking good to go higher. Possible paths on the chart.
Like and follow if you liked this idea!
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📣 Find more Alpha by joining Your Crypto Community 🔰 LINKs BELOW 🔰
🔹 Over 7,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
🔹 Over 7,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.