YFI-4h. Buyers have a chance to test $ 43,000.A few steps were not enough for YFI buyers to test the historical high. After a grueling price consolidation at $30,000 , buyers were able to set a new local high of $39,930.
Of course, this is good news. However, after 50 days of consolidation , buyers managed to grow by only 50% . If you look at the dynamics of YFI price growth from November 5 to 19, it becomes clear that buyers do not have enough strength for a new aggressive wave of growth.
The YFI price has tested the upper trend line of the wedge , in which the price has been trading since the beginning of November. Buyers are now trying to consolidate above the previous strong level of $30,000.
If buyers fail to break the $43,000 mark , the probability of a reversal of the growth trend and the test of the $20,800-22,000 range will increase significantly.
The global level that YFI holds remains unchanged at $18,000 . Continuing the downward wave in the BTC market to the $26,000 mark will help YFI sellers test this mark. The situation is tense. You need to be extremely careful:
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