CRYPTO - YFI - Inverse Head and Shoulders pattern. Get long
CRYPTO - YFI - Yearn Finance. Inverse Head and Shoulders pattern. This is a reliable reversal pattern people. The right shoulder is almost complete. There may be a little more downside that could almost create a triple bottom but I think the strength in the RSI is indicator that now is the time to get long.
Volume - Not much doing which makes me sad. Would like to see bigger green candles on the ups.
RSI - Was 40 on the head and it 47 on the right shoulder. Selling is getting weaker which points to a move sooner rather than later.
STO RSI - Fast Stochastic RSI is 37. I would it expect it to be closer to 20 on the turn which means you may be able to get it a tiny bit cheaper. Round the 40K mark but not worth the risk of missing.
Target 1 = 36900.,
Stop loss = 33,100.
Volume - Not much doing which makes me sad. Would like to see bigger green candles on the ups.
RSI - Was 40 on the head and it 47 on the right shoulder. Selling is getting weaker which points to a move sooner rather than later.
STO RSI - Fast Stochastic RSI is 37. I would it expect it to be closer to 20 on the turn which means you may be able to get it a tiny bit cheaper. Round the 40K mark but not worth the risk of missing.
Target 1 = 36900.,
Stop loss = 33,100.