YFI - Bounced off the liquidity zone as expected - Retest soon?
Updated
YFI on the 4H is looking short term bullish with a good bounce out of our historic liquidity area.
As we can see in the past, this doesn't tend to be a one time deal, with at least one retest of the area before we move onward and upward.
We're also testing the short term upward resistance, looking to breakout.
I suspect we'll get another market shakeout at some point over the next few days that will lead us to retest the liquidity area, we'll likely bounce off a lower short term high first to form a consolidation wedge.
Then on to the next targets.. Wait for the retest or breakout and play it accordingly.
This isn't financial advice.
As we can see in the past, this doesn't tend to be a one time deal, with at least one retest of the area before we move onward and upward.
We're also testing the short term upward resistance, looking to breakout.
I suspect we'll get another market shakeout at some point over the next few days that will lead us to retest the liquidity area, we'll likely bounce off a lower short term high first to form a consolidation wedge.
Then on to the next targets.. Wait for the retest or breakout and play it accordingly.
This isn't financial advice.
Note
Beginning to think I should exclusively call YFI. Really predictable chart.
Come hang out with me on telegram, it's free and I won't be too mean too mean to you:
t.me/KadnimCrypto
t.me/KadnimCrypto
Related publications
Disclaimer
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.