We identified a corrective diametric for YFII.
We have considered two scenarios for the waves ahead of us. For risk-averse people, the lower green range is suitable for buying.
Also, in the upper green range, if the buy trigger is issued, you can enter the position along with setting the stop loss.
Note: This coin has sharp movements, do not enter the position...
The buy zone is obvious for YFII. The question is how many times are there to keep on buying it under 1k? The chart shows 3 great buying momentum's followed buy a huge pump, I consider the same thing next very soon!
The reward ratio up is bigger then the one down, great entry point for holders.
(PS: Don't forget this is not financial advice).
There is an Inverted Head and Shoulders Pattern with Triple RSI Bullish Divergence at the PCZ of a Bullish Bat.
You likely don't want to see price trading below $1,480 and your first area for taking profit will probably be around $4,165
If we break this wedge we could go for a huge ABCD move that would take us to the 1.618. So long as we continue to hold onto this support level like we've been doing for the past few months we should expect to see this eventually break upwards.
