YFII | Key position.
In the 4h time frame, YFII came to a key position: the $950 resistance area, and the price encountered EMA 200 again. As can be seen from the figure, although the price has broken out several times, it has all retreated below the EMA. There is reason to believe that if YFII can turn the EMA 200 into support, the bulls will push the price towards the upper line of the ascending channel, at least the $1,000 level.
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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.