1. YFIBTC Corrected and found support exactly at the 0.786 Fib. retracement level of the last bullish wave. 2. Its price is back above MA200 (black line). 3. Look at the bullish cross on the MACD (chart below). 4. Other altcoins (Altcoins vs Bitcoin) are starting to move strong.
MACD:
YFIBTC can potentially resume its uptrend here.
Note: If prices break and close below 0.83396, we are likely to experience additional bearish action (red arrows).
Any trading above 0.83396 (Fib. retracement support) and/or 0.89857 (MA200) and we stay bullish.
If the charts signals change we also change. Always adapt to the market.
Nice post here @AlanSantana - looking like it's almost time for the move
colin_mark13
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When could the last all time high be here again
TheKitchenTrader
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I know you focus on assets individually but do you think this will help the DeFi segment? See a correlation?
AlanSantana
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@TheKitchenTrader, I wouldn't know unless I look at the DeFi's segment charts.
I can say that most of the altcoins, which includes DeFi, will have a bullish wave in the coming weeks and months.
TheKitchenTrader
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@AlanSantana, Agree, thanks. Altcoins typically do well with a macro wave but has been interesting to see segments catch bids. i.e. DeFi 2020, NFT 2021, etc...