YFI Short signalThe bear market might have possibly began. The selling pressure is high and people have less hope in this market.
2nd point is that a break of this main support will confirm the head and shoulder and thus the trend reversal.
On my previous idea i had the idea of buying back at the main support. But for now, i switched my changed my mind because buying seems more risky with the current panic and fear going on.
I personally have a small short position set up at 19350 let's see how it goes.
Like and follow!
Shortsignal
Sell GBP/JPY (Update to the 10/09/2020 trade)Remember the trade I placed on GBP/JPY at the beginning of the month, precisely on the 10th . Then, I made a 1 month estimation for the move to get to completion.
Today marks half the time, and the trade is still on.
It currently hit a major support and will consolidate for sometime before continuing with the move to the bottom.
You could still find an entry point to ride out this move with me.
XRPUSDT will probably reach 0.16$I think XRPUSDT BINANCE:XRPUSDT is very good for short possition and it will give good profits
Descending channel
Passing daily Support at 0.23
hidden divergence momentum
hidden divergence stochastic
sell possition in stochastic
remember its short possition and possition will open When the price fell below 0.23
TG1 0.2
TG2 0.173
TG3 0.16
SL 0.25
SHORT Signal: YFI is overvaluedYFI has gained x10 over the past few weeks. it just recently got added on Coinbase which is a home for most retail traders so it pumped EVEN MORE! and that happened after a short break! In my opinion, this market has to CALM DOWN! It's not like this can rise forever and the way it rose is NOT NORMAL. Many investors are eventually going to take their next step which is CASHING OUT!. Think smart before buying. Many retail traders will get trapped by this while all you gotta do is DUMP IT!!!
Stop: 41000
Enter: 34000-36000
TP: 18000-21000