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Yggusdtanalysis

YGG target $1712h time frame - YGG increased over 100% while broke out its prevailing resistance zone of a huge rounding bottom structure. Price is still testing this zone that had been converted to support at approximately $0.86, this price zone aligns closely with YGG's 0.382 Fibonacci projection, an attractive point to purchase YGG. Also, current market cap is around 300 million, a conservative target is set at $17 with total supply when bull push its cap to 15 billion. - Bull target: $17~$20
Long
by EthanTW
YGG/USDT Breakout the Bullish Pennant! Bullish Momentum for YGG💎 YGG has recently demonstrated notable market dynamics, breaking out of the Bullish pennant pattern, signaling bullish momentum for continued upward movement. 💎 The trend appears to be strongly bullish, consistently forming new higher highs. With this breakout, YGG may likely reach our target area near the bearish Order Block (OB). 💎 However, if YGG fails to sustain upward momentum and experiences a false breakout, there's potential for the price to retreat to the demand area to establish new momentum, or even descend towards the support of the bullish trendline. 💎 The support provided by the bullish trendline is a crucial level, necessitating a bounce to sustain upward movement. Conversely, if this support level is breached, it could indicate a bearish shift, prompting further downward movement.
by MyCryptoParadise
1
YGG/USDT Keep an eye on the demand area potential back retesting💎YGG has undoubtedly attracted significant attention in the market. Currently, it appears to be on a downward trajectory, heading towards the demand area for a retest and the potential to create new momentum. 💎 Historically, when YGG has approached the demand area, it has often resulted in a bounce, followed by an upward movement, with the possibility of aiming for the strong resistance area. 💎 However, if YGG fails to bounce upon reaching the demand area and instead consolidates in that region, this could be a concerning sign. 💎 Such a scenario could indicate potential weakness, with the price potentially breaking below the demand area and continuing its downward movement towards the support area, or even further down.
by MyCryptoParadise_Nathan
YGG/USDT Break the bullish continuation pattern. Continue Trend?💎 YGG has recently become a significant point of interest in the market, currently making a breakout from a bullish flag pattern. Should YGG manage to break through its resistance zone, it could set the stage for a continued upward trend, potentially heading towards the supply area. 💎 However, if YGG struggles to overcome the resistance, it may face a downturn, prompting a retest at the demand zone around $0.378. The ability to bounce back in this demand zone is crucial; failing to do so could signal a weakening in the area. If YGG fails to rebound, it could validate a false breakout, leading to a potential retest at the lower demand level of $0.328. 💎 A more concerning scenario would unfold if YGG also breaches the demand area at $0.328. This would indicate a shift to a bearish trend, potentially leading YGG on a downward path towards a significant support zone.
by MyCryptoParadise
YGG/USDT Ready to Continue Upward movement ??? 💎 YGG's recent market performance has undoubtedly turned heads. The coin's trajectory, marked by its breakout from the ascending triangle pattern, is further validated by its subsequent retesting phase. 💎 This suggests that YGG is primed probability for a continued upward trajectory, with the supply area being the next anticipated target. However, the volatile nature of the crypto market means that there's always a chance for YGG to retrace its steps and test the resistance trendline of the ascending triangle, aiming to gather more momentum for another upward push. 💎 A potential bearish scenario could unfold if YGG revisits the support zone between $0.270 - $0.260 and fails to uphold its position. Should YGG falter and breach this support zone, it could trigger a bearish trend. This downturn might see YGG descending further, potentially targeting the demand area. In a more pessimistic scenario, YGG could even gravitate towards its key support area, emphasizing the ever-present balance between bullish optimism and bearish caution in the crypto realm.
by MyCryptoParadise_Nathan
1
YGGUSDT levels for long tradeThe price hit the daily support DS1 on this drop and bounced strongly from there. However, this bounce was resisted by 4h resistance 4HR1 and the price reversed from there. The price is trading currently between 4h support 4HS1 and 4h resistance 4HR1. A long is favorable from 4h support 4HS1. However, there is a hourly support HS1 sitting in between which may also provide the bounce for a long trade. Ideal would be to allocate some size at hourly support HS1and major portion of the position at 4h support 4HS1. The first target for this long idea would be 4h resistance 4HR1. If price move extends beyond there, then the next relevant resistance level is daily resistance DR1.
Long
by angela_altair
3