YFI making massive new ATH's, Where to Next?
YFI has made a massive new ATH by nearly 30% and is now trading right back at the previous ATH level. This can be a great sign for finding support at this level and we can see more growth to come if this level holds.
Here we can see YFI trading in either a symmetrical or a descending triangle pattern, both of which would need clear confirmation before trading because theoretically a symmetrical triangle can breakout both ways and a descending triangle breaks out to the downside most of the time.
I would like to see a breakout of the upside and once this is confirmed I would look at a retest of the pattern and support levels and ladder some long orders around the marked area.
Here we can see YFI trading in either a symmetrical or a descending triangle pattern, both of which would need clear confirmation before trading because theoretically a symmetrical triangle can breakout both ways and a descending triangle breaks out to the downside most of the time.
I would like to see a breakout of the upside and once this is confirmed I would look at a retest of the pattern and support levels and ladder some long orders around the marked area.
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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.