YFI / BitcoinLong
YFIBTC - BreakOut Happening Now - 120% Gains Incoming?
This is not financial advice - I am a noob and I am just learning TA. Leave a comment if you have anything to correct.
Looks like YFIBTC is breaking out of a long term wedge with some reasonable volume. Gaining against BTC already, showing all signs of turning for the upside. MACD, RSI, Volume, OBV+MA starting to trend together.
In the longer term - 80% - 120% gains seem likely. In the short term - we are already seeing a +20% day - but a trade to keep an eye on and look for a good entry.
Couple of interesting points on the chart:
50 MA and major resistance around 1.00-1.05 - watch this point for a true breakout - would show strength if we can close above these levels.
If we continue the uptrend and break 1.05 - next levels to watch:
1.20
1.37
My targets:
~1.40
~1.64
~2.05
Looks like YFIBTC is breaking out of a long term wedge with some reasonable volume. Gaining against BTC already, showing all signs of turning for the upside. MACD, RSI, Volume, OBV+MA starting to trend together.
In the longer term - 80% - 120% gains seem likely. In the short term - we are already seeing a +20% day - but a trade to keep an eye on and look for a good entry.
Couple of interesting points on the chart:
50 MA and major resistance around 1.00-1.05 - watch this point for a true breakout - would show strength if we can close above these levels.
If we continue the uptrend and break 1.05 - next levels to watch:
1.20
1.37
My targets:
~1.40
~1.64
~2.05
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.