YYW Decision time

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BITFINEX:YYWUSD is in a bullish descending triangle and will come to a decision point within the next few hours. It may touch support once more before breaking out after which it has good potential. Entry level won't be much lower than $0.1225 with a safer entry at $0.137 if that and should meet resistance around $0.237 - this is a coin that can thrive in the coming months if BTC remains bullish.

What makes YYW interesting is that it is on both bitfinex and binance and that it is a Chinese coin that has seen serious volume when first listed on Bitfinex. Hopefully they can regain some business momentum and (please) professionalize their (English) website. Mere TA can help a coin a lot but serious business creates the interest and volume.

This is an analysis and not intended as advise

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Not enough volume to move it to a new level. Global volume in crypto may be too low at this time for many coins like YYW to make significant moves.

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Previously heavily pumped it now looks like yoyo is trending upwards along with the rest of the crypto market. It's being listed on the "axe" platform which looks a little silly and not very credible with its stock photos of "experts", but perhaps more substantial is a product release conference on may 5th.

Still, social volume as tracked by solume.io isn't high, perhaps that has to do with this being a Chinese crypto and much of the chatter may not be on reddit and twitter.

It's a good concept in the content rewards domain; being Chinese it will probably have a significant home advantage.

As for TA it just looks very bullish at this point and looks like a good hold. Also see tradingview's TA at tradingview.com/symbols/YYWUSD/technicals/