YFI has both broken out of its falling wedge, and formed an Adam & Eve reversal pattern at the end of that breakout, neckline already has a breakout.
Before heading to targets for either (targets on the chart):
- I'm expecting it to push just above the 200 day EMA, potentially near the halfway point to its falling wedge TP 1, or around 8800-9k
It will likely consolidate around the 200 EMA for a bit before moving on to higher targets, or failing to get above it and re-testing either top of wedge break or Adam/Eve neckline again.
Adam/Eve pattern could also be considered a cup & handle - targets would be the same in either case.
SUMMARY
- if we can eventually get and hold above the 200 EMA, short-term targets are the Adam/Eve TP 1 and 2, and longer-term targets are the falling wedge TP 1 and 2.
- meanwhile, look for a move above the 200 EMA to 8800-9k, followed by consolidation around the 200 EMA.
Before heading to targets for either (targets on the chart):
- I'm expecting it to push just above the 200 day EMA, potentially near the halfway point to its falling wedge TP 1, or around 8800-9k
It will likely consolidate around the 200 EMA for a bit before moving on to higher targets, or failing to get above it and re-testing either top of wedge break or Adam/Eve neckline again.
Adam/Eve pattern could also be considered a cup & handle - targets would be the same in either case.
SUMMARY
- if we can eventually get and hold above the 200 EMA, short-term targets are the Adam/Eve TP 1 and 2, and longer-term targets are the falling wedge TP 1 and 2.
- meanwhile, look for a move above the 200 EMA to 8800-9k, followed by consolidation around the 200 EMA.
Nota
Note: it also stopped just above and is now near the halfway to the larger pattern / falling wedge's target TP 1Declinazione di responsabilità
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.