Getting closer to the upper trendline and topping out. Downtrend should start from here now. Maybe a wick to 30K, but I believe that's the maximum. Will change my mind if the daily closes above upper trendline. T1= ~16K T2= ~10K
Hello! CUP & HANDLE did not work out for YFIUSDT that I mentioned in my previous chart. If you zoom out a little bit to see wider picture, then something this might be forming for YFI. SUPPORT/RESISTANCE marked with blue. These are level to watch for scalp trading. Good luck.
YFIUSDT has been growing from the bottom of ~7,000 price level to ~30,000. That's more then 300%. Now it seems that it wants to continue its bullish trend by forming a C&H. Let's see if this really plays out by breaking to upside :)
We are currently trading on a symmetrical triangle. Volume is declining which indicates that big move is coming. Just keeping it simple- will trade the breakout of this triangle.