An analysis on $YFI

Well I couldn’t see anything that matches my trading pattern on this pair. But all I can see is a coin that had a fake breakout from a daily resistance. And you all know that a dump follows after a fake break out.

(Daily time frame analysis)

Now a trend line support was broken and it’s about to get a retest. I can only watch to see whether price will respect the retest of the trend line support of $7787.

So when price gets to the trend line support of $7787, we will observe its reaction to see whether it will give a confirmation to continue to the up side or crash further down.

This is just my observation from what I have seen on the chat., it’s not a financial advise. You can take your trading decisions if it aligns with your trading pattern.

#YFIMarketUpdate #TradingOpportunities #dyor #Binance