YFII is on an ascending path towards $3,000 with two immediate resistance points or target points:
Longing this ascending support line presents an interesting opportunity, however any sustained drop by any of the market leaders (BTC/ETH) may break it. So good to put a stop loss just under it if you plan to long.
The indicators are looking a bit bearish to me on daily timeframe and volume has been decreasing on the last two pumps, therefore, treat with care. On 4h indicators are looking good to go higher. Possible paths on the chart.
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- TP 1 @ $1,400
- TP 2 @ $3,000
Longing this ascending support line presents an interesting opportunity, however any sustained drop by any of the market leaders (BTC/ETH) may break it. So good to put a stop loss just under it if you plan to long.
The indicators are looking a bit bearish to me on daily timeframe and volume has been decreasing on the last two pumps, therefore, treat with care. On 4h indicators are looking good to go higher. Possible paths on the chart.
Like and follow if you liked this idea!
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