Possible moves in YFI over the coming week
We are either just starting to form a right shoulder or we will break down from the ascending wedge we are currently in to form a double bottom. That said the mkt trend is moving in a pattern synonymous with that of a head and shoulders. It's either down to 12.3K then up or up to a max of 17.2k upon confirmation of the head & shoulder pattern. There is hidden bearish divergence which usually occurs when the trend is to the downside which is indicative to BOTH scenarios we could be in right now. I would like to point that even if price does go up MARGINALLY the H&S patter could still be valid as the neckline would become horizontal instead of diagonal
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