YGG/USDT It looks triple bottom, Bullish momentum for YGG
💎 Paradisers, #YGG is indeed a coin worth monitoring closely.
💎 It appears that YGG has experienced a strong bounce from the key support area, potentially forming a triple bottom pattern, which is a bullish reversal pattern.
💎 To validate this pattern, YGG needs to break out above the resistance level of 1.06. If successful, this breakout could signal a return to bullish momentum, potentially leading YGG to reach our target supply zone area.
💎 However, if YGG fails to break above the resistance and faces rejection, it may resume its downward movement, retracing back to test the key support area around 0.74 - 0.69.
💎 Based on historical price action, YGG has shown a tendency to bounce when reaching this support zone. Therefore, if YGG revisits this area, there is potential for another bounce, potentially reversing the downtrend and aiming to break above the key resistance level at 1.06.
💎 The bullish invalidation scenario would come into play if YGG fails to bounce from the key support area and the daily candle closes below it. This would confirm bearish sentiment and could lead to further downward movement and deeper dips.
MyCryptoParadise
iFeel the success🌴
💎 It appears that YGG has experienced a strong bounce from the key support area, potentially forming a triple bottom pattern, which is a bullish reversal pattern.
💎 To validate this pattern, YGG needs to break out above the resistance level of 1.06. If successful, this breakout could signal a return to bullish momentum, potentially leading YGG to reach our target supply zone area.
💎 However, if YGG fails to break above the resistance and faces rejection, it may resume its downward movement, retracing back to test the key support area around 0.74 - 0.69.
💎 Based on historical price action, YGG has shown a tendency to bounce when reaching this support zone. Therefore, if YGG revisits this area, there is potential for another bounce, potentially reversing the downtrend and aiming to break above the key resistance level at 1.06.
💎 The bullish invalidation scenario would come into play if YGG fails to bounce from the key support area and the daily candle closes below it. This would confirm bearish sentiment and could lead to further downward movement and deeper dips.
MyCryptoParadise
iFeel the success🌴
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