💎 YGG has recently demonstrated notable market dynamics, breaking out of the Bullish pennant pattern, signaling bullish momentum for continued upward movement.
💎 The trend appears to be strongly bullish, consistently forming new higher highs. With this breakout, YGG may likely reach our target area near the bearish Order Block (OB).
💎 However, if YGG fails to sustain upward momentum and experiences a false breakout, there's potential for the price to retreat to the demand area to establish new momentum, or even descend towards the support of the bullish trendline.
💎 The support provided by the bullish trendline is a crucial level, necessitating a bounce to sustain upward movement. Conversely, if this support level is breached, it could indicate a bearish shift, prompting further downward movement.
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
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.