YFI has a potential head and shoulders pattern
Hello, friends, I am the captain!
The mid-line time frame of YFI may build a head-and-shoulders structure. If it falls below $22051 in recent days, the captain intends to go short at $22051. The stop loss is currently set at $25,460, and the first target is about $15,000. , If the market outlook can fall as expected to form a head and shoulders, then I will update the real-time stop loss point and profit target to the bottom of this article.
The above is the captain's strategy for the current trend of the YFI currency. If the head and shoulders cannot be formed, a convergence triangle may be formed later or a wide fluctuation may continue.
Okay, that’s all for today’s sharing. If you like Captain, please follow me! Good luck everyone!
Disclaimer: This chart and text are not as investment advice, and you are responsible for your own profits and losses based on this operation!
The mid-line time frame of YFI may build a head-and-shoulders structure. If it falls below $22051 in recent days, the captain intends to go short at $22051. The stop loss is currently set at $25,460, and the first target is about $15,000. , If the market outlook can fall as expected to form a head and shoulders, then I will update the real-time stop loss point and profit target to the bottom of this article.
The above is the captain's strategy for the current trend of the YFI currency. If the head and shoulders cannot be formed, a convergence triangle may be formed later or a wide fluctuation may continue.
Okay, that’s all for today’s sharing. If you like Captain, please follow me! Good luck everyone!
Disclaimer: This chart and text are not as investment advice, and you are responsible for your own profits and losses based on this operation!
Comment:
At present, YFI has fallen below US$22051, and the current decline target has not changed for the time being. If YFI later rises above US$23,620, the captain’s short order will be closed out. If the market drops further, the captain will update again later. Good luck everyone