YFI USD hype
Updated
Greetings,
YFI coin for TA trading history is very small, but still we will try to consider possible scenarios.
In September, the price formed a pattern of head and shoulders, resulting in a dump that coincided with the dump of all altocoins.
Then, the price formed a falling wedge, which was broken through and the price returned to the area of the most active trades, where the largest horizontal volumes are held.
At the moment, the price has encountered resistance of the trend and horizontal resistance zone of 18500-19000$.
The upward triangle has been formed locally; in the next few days, this figure will finish and in which direction the breakthrough will be, in that direction the local trend will develop. If you break up the target 25000 and 31000. If you break down, strong support zones 15600 and 12600 will be formed.
I prefer a long scenario, and if we talk about a trade, we can construct it in the following way.
Entry point - a break-down of the triangle and the resistance zone where the largest horizontal volumes, will talk about the strength of buyers, you need to confirm the support 18000-18700.
Stop Loss - for resistance zone 17800-17600. Targets of taking profit 22000, 24800, 34800. It is necessary to take into account before a strong movement takeout Stop Loss, short-term breakdowns and a quick buyback, and the beginning of upward movement. It is important not to rush to open a position, but to wait for the development of the uptrend for sure, in order to get a profit, even if it is less, but more profit in your dreams, if the price turns in the opposite direction. If the price doesn't break through the resistance zone and the trend, it will be an opportunity to open a short position with 15550, 12500 targets.
Always use Stop Loss, and do not use a leverage greater than x3.
A trader should always have tomorrow.
If you find the information useful, place a liking and sign up so you don't miss anything.
YFI coin for TA trading history is very small, but still we will try to consider possible scenarios.
In September, the price formed a pattern of head and shoulders, resulting in a dump that coincided with the dump of all altocoins.
Then, the price formed a falling wedge, which was broken through and the price returned to the area of the most active trades, where the largest horizontal volumes are held.
At the moment, the price has encountered resistance of the trend and horizontal resistance zone of 18500-19000$.
The upward triangle has been formed locally; in the next few days, this figure will finish and in which direction the breakthrough will be, in that direction the local trend will develop. If you break up the target 25000 and 31000. If you break down, strong support zones 15600 and 12600 will be formed.
I prefer a long scenario, and if we talk about a trade, we can construct it in the following way.
Entry point - a break-down of the triangle and the resistance zone where the largest horizontal volumes, will talk about the strength of buyers, you need to confirm the support 18000-18700.
Stop Loss - for resistance zone 17800-17600. Targets of taking profit 22000, 24800, 34800. It is necessary to take into account before a strong movement takeout Stop Loss, short-term breakdowns and a quick buyback, and the beginning of upward movement. It is important not to rush to open a position, but to wait for the development of the uptrend for sure, in order to get a profit, even if it is less, but more profit in your dreams, if the price turns in the opposite direction. If the price doesn't break through the resistance zone and the trend, it will be an opportunity to open a short position with 15550, 12500 targets.
Always use Stop Loss, and do not use a leverage greater than x3.
A trader should always have tomorrow.
If you find the information useful, place a liking and sign up so you don't miss anything.
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