YFII vs BTC not as Solid as YFIBTC, But Still Good!
Updated
This one here, after I mention that these pairs are moving together, does not look as good as YFIBTC.
We are now looking at YFIIBTC.
Even though we have a strong reversal signal in the form of the Doji that appeared on Nov. 26, we still have prices trading below all EMAs. That is, EMA10, EMA21, and EMA50.
The RSI and MACD are both still in the bearish zone.
The trading volume is also low.
But the fact that we have prices trading above the Fib. support level and going flat...
Can be a bullish signal but nonetheless, we have both; MIXED SIGNALS.
We need a good volume bar to come in as prices move above EMA10.
This would be a strong signal in favor of the bulls and we can say that YFIIBTC will grow next.
For now, consolidation is taking place.
Namaste.
We are now looking at YFIIBTC.
Even though we have a strong reversal signal in the form of the Doji that appeared on Nov. 26, we still have prices trading below all EMAs. That is, EMA10, EMA21, and EMA50.
The RSI and MACD are both still in the bearish zone.
The trading volume is also low.
But the fact that we have prices trading above the Fib. support level and going flat...
Can be a bullish signal but nonetheless, we have both; MIXED SIGNALS.
We need a good volume bar to come in as prices move above EMA10.
This would be a strong signal in favor of the bulls and we can say that YFIIBTC will grow next.
For now, consolidation is taking place.
Namaste.
Note
Prices are now safely above EMA10... A strong bullish confirmation.Enjoy!
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