Largo
YFIBTC - Possible Bullish Pattern
The YFI/BTC(Yearn.Finance) is forming a bullish RSI divergence like it did a few days ago before its ~25% increase which indicates a trend reversal.
For safer short term trading, wait until the 50MA & the 200MA make a golden cross on the 30minute/1hour chart.
If YFI breaks below the bottom fib level, I will expect further downward movement. I will be watching the fib levels for support and resistance if YFI begins to trend upwards.
For safer short term trading, wait until the 50MA & the 200MA make a golden cross on the 30minute/1hour chart.
If YFI breaks below the bottom fib level, I will expect further downward movement. I will be watching the fib levels for support and resistance if YFI begins to trend upwards.
Nota
YFI has dropped roughly 6% breaking below the bottom fib level.If YFI drops below .582 btc which is the bottom fib level on the 12H chart drawn from the low in beginning of January, I will expect even more downside
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.