Looking at the 12-hour of YFI, its at a crucial decision point on the verge of a breakout. If this breaks out of this downtrend to the upside, YFI is going to hit $30,000 and beyond to the moon 🌙
The downtrend is formed from the ATH at $43,562 down to the most recent swing high at $30,000. YFI has been creating higher highs and higher lows, both common signs of bullish momentum. There is a very good chance with the recent price of Bitcoin that YFI will follow suit and break out of this downtrend. Here are my TP levels going up:
TP1 🎯 $30000
TP2 🎯 $32299
TP3 🎯 $34835
Eventually after YFI finds support at $34825, its going to come up and retest its previous-ATH at $43,562.
Cheers traders let me know your thoughts
The downtrend is formed from the ATH at $43,562 down to the most recent swing high at $30,000. YFI has been creating higher highs and higher lows, both common signs of bullish momentum. There is a very good chance with the recent price of Bitcoin that YFI will follow suit and break out of this downtrend. Here are my TP levels going up:
TP1 🎯 $30000
TP2 🎯 $32299
TP3 🎯 $34835
Eventually after YFI finds support at $34825, its going to come up and retest its previous-ATH at $43,562.
Cheers traders let me know your thoughts
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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.
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.