The sharp rebound in the price of YFI on December 24-25 gave investors a chance for a new wave of growth.
Within 4 days, buyers formed a reversible pattern to break the critical range of $24100-24700 . The main buyer support for this scenario was in the range of $22000-22500.
At the moment, sellers have managed to cancel this pattern and test the $21,000 mark several times. Buyers do not have the strength to regain control of the $22000-22500 range.
In our opinion, there is now a high probability of a breakdown of the 21,000 mark. By doing so, sellers will be able to lower the price to $18,000 fairly quickly.
How important is the $21,000 mark? See our global YFI idea:
Within 4 days, buyers formed a reversible pattern to break the critical range of $24100-24700 . The main buyer support for this scenario was in the range of $22000-22500.
At the moment, sellers have managed to cancel this pattern and test the $21,000 mark several times. Buyers do not have the strength to regain control of the $22000-22500 range.
In our opinion, there is now a high probability of a breakdown of the 21,000 mark. By doing so, sellers will be able to lower the price to $18,000 fairly quickly.
How important is the $21,000 mark? See our global YFI idea:
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www.okx.com/join/10pstrade
🔥V-I-P cutt.ly/PwkLhT56
👍Crypto activities and free💲 cutt.ly/0w9VqL2X
🔵Telegram t.me/pstrade_eng
