💎 YGG's recent market performance has undoubtedly turned heads. The coin's trajectory, marked by its breakout from the ascending triangle pattern, is further validated by its subsequent retesting phase.
💎 This suggests that YGG is primed probability for a continued upward trajectory, with the supply area being the next anticipated target. However, the volatile nature of the crypto market means that there's always a chance for YGG to retrace its steps and test the resistance trendline of the ascending triangle, aiming to gather more momentum for another upward push.
💎 A potential bearish scenario could unfold if YGG revisits the support zone between $0.270 - $0.260 and fails to uphold its position. Should YGG falter and breach this support zone, it could trigger a bearish trend. This downturn might see YGG descending further, potentially targeting the demand area. In a more pessimistic scenario, YGG could even gravitate towards its key support area, emphasizing the ever-present balance between bullish optimism and bearish caution in the crypto realm.
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