YFIUSDT is about to break a CUP formation
Hey all,
I'll keep it short. Look at the weekly and the daily charts. We are above the previous highest WEEKLY close right now and heading up to test the previous highest DAILY close. MACD is curling up in the daily. What usually happens is that we break a previous resistance and come back to test it. So, I expect YFIUSDT to test the previous highest daily close and come test the previous highest weekly close. Then? Once we get a close above the previous highest daily candle, the sky is clear.
I estimate price to up as high as $63,000 and I got this target by assuming the price will move up the same amount with the depth of the cup.
This is NOT a financial advise. I am just sharing my analysis with you to get a feedback from the community.
Thank you!
I'll keep it short. Look at the weekly and the daily charts. We are above the previous highest WEEKLY close right now and heading up to test the previous highest DAILY close. MACD is curling up in the daily. What usually happens is that we break a previous resistance and come back to test it. So, I expect YFIUSDT to test the previous highest daily close and come test the previous highest weekly close. Then? Once we get a close above the previous highest daily candle, the sky is clear.
I estimate price to up as high as $63,000 and I got this target by assuming the price will move up the same amount with the depth of the cup.
This is NOT a financial advise. I am just sharing my analysis with you to get a feedback from the community.
Thank you!
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