YFI has been moving to the beat of its own drum these past few weeks. It looks to have bottomed against BTC and is about to have a second coming.
1st target is 68-73k. 2nd target 83-85k. 3rd target 106-108k.
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Love the structure of this pair.
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Looks ready I think. Maybe a little more consolidation under resistance and it should go.
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Target 1 hit.
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Target #2 hit. Honestly thought it would take a big longer with some bumps along the way, but here we are.
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Update: YFIUSD This level needs to hold otherwise the trend will be lost.
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YFIBTC potential bull flag forming.
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Bull flag obviously failed, but trend line is holding on YFIBTC. It trades a lot cleaner than YFIUSD. If you're trading USD pair you're most likely liquidated on that recent crash which was brutal. I'll continue to monitor it's progress. We most likely range for awhile on BTC pairing.
BTCily Wassilyevich Kandinsky (16 December [O.S. 4 December] 1866 – 13 December 1944) was a Russian painter and (ch)art theorist. Kandinsky is generally credited as the pioneer of abstract (ch)art.