YFII/BTC analysis: expecting a bearish movement.
Hi every one
YFII/BTC
YFII/BTC has been ranging in a channel for quite sometime. If you pay attention you can see that the price couldn't break the resistance (around 0.07 which is shown in the picture). so there is a strong chance that the price won't be able to break this resistance again and would fall to the support level once again. there is also a regular bearish Divergence (-RD) visible on both MACD and RSI which makes the expected bearish movement more reliable to happen!
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Thank you for seeing idea .
Have a nice day and Good luck
YFII/BTC
YFII/BTC has been ranging in a channel for quite sometime. If you pay attention you can see that the price couldn't break the resistance (around 0.07 which is shown in the picture). so there is a strong chance that the price won't be able to break this resistance again and would fall to the support level once again. there is also a regular bearish Divergence (-RD) visible on both MACD and RSI which makes the expected bearish movement more reliable to happen!
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Thank you for seeing idea .
Have a nice day and Good luck
📥┃Telegram:
t.me/CobraVanguard
📥┃Premium trading experience with COINCALL
coincall.com/r/47022631
📥┃Join the platform where I trade and receive up to a $500 welcome reward! coinex.com/register?refer_code=n8fmk
t.me/CobraVanguard
📥┃Premium trading experience with COINCALL
coincall.com/r/47022631
📥┃Join the platform where I trade and receive up to a $500 welcome reward! coinex.com/register?refer_code=n8fmk
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.