Marketsurfer
$YFIUSDT - These two scenarios on the watchHello everyone,
Seems like YFIUSDT created a local ascending channel and has tested it's support line recently.
This channel may also act as a bearish flag pattern, hence a jump to 35700 and 37145 is possible, after which the pair will most likely resume the downtrend.
The second scenario is when the YFIUSDT is not able to stay above the support and goes down when it breaks the lower edge of the channel.
$BTCUSD - Head and shoulders againHello everyone!
Looks like we got screwed once again hoping that Bitcoin will go higher above the dynamic resistance.
It was mainly caused by the news about Japan's FSA banning two most popular exchanges, Japan has large purchasing power and trading volume, so in panic shorts were opened.
Downtrend might continue after this retest of the resistance, following the head and shoulders pattern down to 32500 and 31150.
$DOTUSDT - Wait for a breakoutHello everyone!
There is a strong resistance followed by previous support acting as static resistance and dynamic resistance of the flag pattern at 23.5
Upon a successful breakout from this level, DOTUSDT will test another dynamic and static resistance at levels near $27 and $29.7.
$MITHUSDT - Wait for the confirmationHello everyone!
Mithril is about the break the dynamic resistance and escape from the descending channel.
If the confirmation is made, Mith might jump to 0.12
$FLMUSDT - Going to 0.90Hello everyone!
Welcome to the crypto-summer.
After a hard shake-off, looks like the cryptocurrency market is rebounding and we are ready for new jumps.
Here is our vision of FLMUSDT trade setup based on the triangle pattern, of course it could go higher, but there is a strong resistance on FLMUSDT.
$YFIUSDT - Long only above $51KHello everyone.
There is a similar inverted head and shoulders looking pattern being formed on most of the altcions.
Since there is no confirmation, I highly recommend you not to buy or go long especially with leverage.
Yearn Finance is in a descending channel, probably a bullish flag though lacks some momentum, breakout is needed for the confirmation of the short-term bull run.