YFI is in a critical spot in the larger pattern testing the ascending support line and previous top support line.
If we fall from here, then we're going much lower. Next support levels are on the chart at $25k and $21k.
Unfortunately the daily indicators are not encouraging, both MACD and RSI can fall much more.
Unless we get some nice buy pressure soon, I don't see how YFI can last another drop from BTC / overall market. Nevertheless, if that happens the first support line is not that far down.
Unless we get some buy pressure soon, I do not recommend buying here, wait for price to give more signs of reversal.
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If we fall from here, then we're going much lower. Next support levels are on the chart at $25k and $21k.
Unfortunately the daily indicators are not encouraging, both MACD and RSI can fall much more.
Unless we get some nice buy pressure soon, I don't see how YFI can last another drop from BTC / overall market. Nevertheless, if that happens the first support line is not that far down.
Unless we get some buy pressure soon, I do not recommend buying here, wait for price to give more signs of reversal.
Like and follow if you liked this idea!
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