YFIUSDT has recently broken out of a descending broadening wedge and is now forming a potential Adam and Eve pattern. A break of the pattern's neckline will trigger our target area. Accumulation of the coin can be done through the demand zone and down towards $6000, with a stop loss to be placed below the Eve bottom.
It's important to note that a breakout from the pattern neckline could signal a potential trend reversal and strong uptrend. Therefore, we should continue to monitor the price action.
Trading is about probabilities, not certainties. Always practice proper risk management.
It's important to note that a breakout from the pattern neckline could signal a potential trend reversal and strong uptrend. Therefore, we should continue to monitor the price action.
Trading is about probabilities, not certainties. Always practice proper risk management.
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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.