YFIUSD: Repeating descending triangle pattern

Updated

As AlanSantana so keenly observed and was spot on in the analysis previously posted on TV...YFIUSD looks to be repeating this pump and dump descending triangle pattern.

Watch again for breakout once it approaches the descending resistance line again.

Will follow.

Good luck traders!

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Obey that trendline and descending triangle pattern!

YFI looking to possibly touch 4900 level again...consolidation period should follow near that low and watch for signs of quick pump and take profit.

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As predicted. Price action restricted above by trend line in the descending triangle pattern... closer to local bottom now and will follow..

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Getting closer....looking for one more small dump maybe to 5K again

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Hit lower 5K range as expected. Following historic and repeating descending triangle trend pretty closely again.... volume still low... watch for trending up volume and price action spike to confirm breakout... will follow

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OK. I spy some bullish divergence on the 1D MACD....continue to watch carefully and watch for trending up volume and price action spike to confirm breakout...

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OK folks...still going as planed...Price finally eking over the HMA and the MACD trending up and looking to cross over on the 1W chart. Would venture to guess that will trade sideways for a bit them looking for that big pop in price action... will follow.

Trade active

POP goes the weasel!

Trade closed: target reached

ROCKETS!!!

Ambassadorj

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