YFI / BTC - Price Action Analysis

٥ مايو ٢٠٢١

The rectangles highlight the areas of value which also serve as support/resistance.

This is where the bulls/bears have previously battled.

Keep an eye on the 1.1 level. Once this price breaks out of this level, the next target will be 1.6.

١١ مايو ٢٠٢١

ملاحظة

Blastoff! Here we go!

١٢ مايو ٢٠٢١

ملاحظة

Hit 1.6 target as projected. Look for consolidation above 1.4 before the next attempt to breach 1.6. If 1.4 level breaks, then next support level will be 1.10.

١٢ مايو ٢٠٢١

ملاحظة

1.4 level is holding. Taking a breather and consolidating is what we want in order to continue this run.

١٧ مايو ٢٠٢١

ملاحظة

Holding strong. Bull pennant forming on the daily.

١٨ مايو ٢٠٢١

ملاحظة

Nice breakout! Hitting some resistance but that's OK. Ideally want to see some consolidation before next leg up.

٢٠ مايو ٢٠٢١

ملاحظة

1 to 1.1 level acting as support. Let the consolidation continue.

٢٦ مايو ٢٠٢١

ملاحظة

Well that was a fun ride ... not. Areas of value remain meaningful.

٢ يونيو ٢٠٢١

ملاحظة

1.10 is the floor, assuming we don't get another widespread crypto selloff.