YFI / BTC - Price Action Analysis
The rectangles highlight the areas of value which also serve as support/resistance.
This is where the bulls/bears have previously battled.
Keep an eye on the 1.1 level. Once this price breaks out of this level, the next target will be 1.6.
This is where the bulls/bears have previously battled.
Keep an eye on the 1.1 level. Once this price breaks out of this level, the next target will be 1.6.
Note
Blastoff! Here we go!Note
Hit 1.6 target as projected. Look for consolidation above 1.4 before the next attempt to breach 1.6. If 1.4 level breaks, then next support level will be 1.10.Note
1.4 level is holding. Taking a breather and consolidating is what we want in order to continue this run.Note
Holding strong. Bull pennant forming on the daily.Note
Nice breakout! Hitting some resistance but that's OK. Ideally want to see some consolidation before next leg up.Note
1 to 1.1 level acting as support. Let the consolidation continue.Note
Well that was a fun ride ... not. Areas of value remain meaningful.Note
1.10 is the floor, assuming we don't get another widespread crypto selloff.
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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.