YFIIUSDT: Possible Long (16.10.2020)
At D1, the price has broken up the downtrend line. The trading volume increased significantly, and a good initial impulse was formed.
On H4, the price set a new high at $ 2500. The Ichimoku cloud is pointing up.
At the moment, the price is slowly decreasing within the framework of the expected correction. Fibonacci levels of 61.8%, 50%, 38.2% will become good support.
Besides, the RSI also declines to the oversold level, at which the price decline can stop, and a rapid rise begins.
We recommend buying YFIIUSDT from the Fibonacci support level, and RSI oversold level, to keep the position above $ 3000.
On H4, the price set a new high at $ 2500. The Ichimoku cloud is pointing up.
At the moment, the price is slowly decreasing within the framework of the expected correction. Fibonacci levels of 61.8%, 50%, 38.2% will become good support.
Besides, the RSI also declines to the oversold level, at which the price decline can stop, and a rapid rise begins.
We recommend buying YFIIUSDT from the Fibonacci support level, and RSI oversold level, to keep the position above $ 3000.
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