YOYO has been in an uptrend in the last weeks and I am actually bullish on this coin if it manages to close the day above 575 satoshi. Yesterday we saw a lot of volatility but until now it hasn't been able to stay above 575 price point, now I am expecting it to finish this double top formation IF it breaks below 565 and tests it as resistance. Price target is around 525 satoshi, that would be a great buy opportunity for short and long term trades.
Comment:
Insane price movement, I don't know what is going on. First it pumped crazy, then it dumped crazier, target reached but I am confused. Order filled at 525 satoshi, looks really good to be honest.
Trade closed: target reached:
After getting my order filled at 525, I sold my stack at 730 because we have got bearish rsi divergence with the last surge. I will be looking to buy back around 590-600. Trade closed for now.
This is the trend line I am expecting YOYO to test as support once again.