YGG/USDT We will see Significant Upward movement if YGG Break

٧ أكتوبر ٢٠٢٣

💎 Paradisers, YGG has certainly piqued our interest. Currently stationed at a formidable resistance zone, YGG's historical behavior indicates a pattern of rejections upon reaching this threshold.

💎 Previously, after breaking out of the descending channel pattern, YGG experienced a robust upward trajectory. However, upon encountering the strong resistance, it faced a sharp decline, retreating to retest the breakout support zone. Given the current chart dynamics and the powerful bullish candle that closed yesterday, there's a heightened potential for YGG to breach this resistance.

💎 On the flip side, if YGG once again struggles to surpass this resistance, we might witness a pronounced pullback. In such a scenario, YGG could revert to its support zone, aiming to fortify its position. A bounce from this level could set the stage for another attempt at the resistance. However, prolonged consolidation at the support might risk a breakdown, potentially sending YGG towards the more pronounced demand zone.