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YOYOW

YOYO Secret Cup and Handle on Daily Chart Hello, This is my first chart publishing! My future ones shall be more clean of course, but I had to get this idea out before bed. YOYO is looking great on the daily chart. It seems a secret Cup and Handle breakout has already happen, things are looking like they are about to turn bullish on the MACD (Daily). Shall we see a volume increase here in the next day, I would be looking for the upper target around 2100-2200. Notice if YOYO breaks below 1190, I would call this play off. Partial profits (or full) may also be taken at 1600-1700. If this cup and handle takes off, it will be a beautiful one. Provide feedback please.
YLong
by LtCmdrData
YOYOW Could Outperform Bitcoin By 260%Following the previous idea on YOYOW vs Bitcoin , it has reached the upside target at 2175 satoshis and managed to close above it. At the same time YOYO/BTC continues to produce higher highs and high lows as well as rejecting the uptrend trendline, suggesting the continuation of the uptrend. After reaching the target price corrected down to 61.8% Fibonacci retracement level where it has found the support.  As the support has been rejected and if it will continue to be respected, YOYOW should continue moving higher, towards the next major resistance at 227.2% Fibonacci retracement level, that is 6.4k satoshis area. This is the rise of 260% from the current price which could take place in the next few months. The downside risk should not be ignored, and if YOYO will close below the 1490 satoshis, a double bottom formation could take place, sending price back to 800 satoshis area.
YLong
by CryptoPAMM
YOYO vs Bitcoin Can't Break AboveYoyow coin has found the support at 88.6 Fibonacci retracement, that is 810 satoshis. The support was rejected cleanly, although price has formed a strong resistance at 1140 satoshis, that YOYO/BTC failed to break on multiple attempts. However, while the support is holding there is a good probability of the potential corrective move up, but only if YOYO/BTC will managed to break and close above the 1140 satoshis resistance. When/if that happens, Yoyow could jump up towards 76.4% Fibonacci retracement at 2175 satoshis, where previously resistance was formed. On a downside, if Yoyow continues to trade below 1140 satoshis resistance price could go down and perhaps below the 810 support, before correcting up.
YLong
by CryptoPAMM
YOYO Idea Update! ABC correction over, what next?Here is an updated idea for YOYO. I believe we have just completed an ABC correction, and now the price has to eventually choose a direction. It would not surprise me if we consolidated a while or entered a sideways trading channel short-term. I'll get to why later. But if there is a break above resistance, consider entering the position and take profit at the next resistance level / fib zone Note that the fib levels for YOYO don't seem to be as defining for price action. Price did tend to range in the general area however, so think of these levels (in red) more as a general zone than a specific level. I don't think anyone would dispute that recent price action suggests some kind of reversal, explaining our moves up so far. But now we have to ask ourselves, what next? Is the correction over, or is this the start of something? To answer this I think it is best to turn towards the overall market. Alts are experiencing good growth right now, and bitcoin appears healthy. As long as bitcoin continues in the uptrend, Alts should continue to at least break even, but more likely, increase value. If this were to apply to YOYO, then we could predict a new Elliott structure will take place after adequate consolidation / ranging price channel, and that this structure should move us up to test the next resistance levels, so long as the market stays healthy. I advise to keep stops a little below strong support levels (keep the "zone" in mind, don't set too close to the levels), and you can move stops up as YOYO hits its next targets in green. That way you can protect some of your profits should we see positive price action. One last thing to keep in mind. YOYO is currently ranked 274 by coinmarketcap.com This makes it a pretty low cap coin, which can mean more volatility. It also makes the trade inherently more risky. Practice proper risk management with well placed stop-losses! Set alerts on TV if you can. As always, happy trading! :) ***This is a volatile market, always practice risk management, as the future is unknown***
YLong
by darth_bitcoin
YOYO Buy OpportunitySolid up trend that has maintained itself very well. Support line has held good, the MACD is just about to cross over indicating a buy signal, the volume is begining to pick up, indicating that this could Pop, especially if it breaks the key resistance point marked on the chart! My only concern here is the RSI is about to go into the over purchased territory, but, A solid purchase here, set your stop loss at the bottom of the support line, there is great upside, with little risk. A great Trade.
YLong
by rajeezus
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