YFIUSD: 4H Watch for confirmation of breakout or breakdown
Updated
As above.
YFI currently in a down channel and has reached the upper trend line in this channel and is at an important crossroads at least short term.
Watch out for breakout above trendline for continued uptrend or rejection for reversal and continued bearish pressure.
Would like to see volume increase as well.
Watch out for false breakouts though!
Good luck traders!
YFI currently in a down channel and has reached the upper trend line in this channel and is at an important crossroads at least short term.
Watch out for breakout above trendline for continued uptrend or rejection for reversal and continued bearish pressure.
Would like to see volume increase as well.
Watch out for false breakouts though!
Good luck traders!
Note
Ok. some sideways action with low volume... to be continued...Note
Testing 35K resistance again. Need increase in bull volume to overcome this previous area of rejection.
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.