YFI may go up from here..
Updated
when bitcoin's dominance is moving up fast and we have a bearish market it isn't seems right to analysis altcoins like this one but anyway i tried to find out what will happen to yfi for practice..i have two scenario according to bitcoin's move, if BTC continue correction i expect RED ARROW's path so it will support on 16800 and if btc stop correction i will wait for the GREEN ARROW's path and a bullish move to 34k...(also can you see possible head & shoulder like me?)
and btw i'm writing a guide for read my chart below:
YELLOW VERTICAL LINES are possible timelines those are where i think waves can start or end..
BLACK LINES are resistance and supports that i got from GANN tools..
ORANGE LINES are fibbonacci retracement
GREEN and RED zones are where we have powerful support...
everything else is clear i guess...
note that this chart is a practice I'M NOT TRADING in this market right now please don't consider this as a financial advice
please like and comment if you're agree with me
and btw i'm writing a guide for read my chart below:
YELLOW VERTICAL LINES are possible timelines those are where i think waves can start or end..
BLACK LINES are resistance and supports that i got from GANN tools..
ORANGE LINES are fibbonacci retracement
GREEN and RED zones are where we have powerful support...
everything else is clear i guess...
note that this chart is a practice I'M NOT TRADING in this market right now please don't consider this as a financial advice
please like and comment if you're agree with me
Trade closed: target reached
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.