Before I start to talk about YFI I would be grateful if you could like, follow and comment. I am starting to post more often so it would mean a lot.
YFI had two descending triangles in the past weeks that broke the resistance and had a run. After yesterdays bearish divergence on the 4H chart we can expect a small correction to 34K, and then continue the bullish bias toward the coin. In the daily chart the coin doesn't have any recent bearish divergence, so I don't excepect any drop on the mid term. However a major market crash can happen if the bitcoin price movement turns out to be a bull trap. No reason to be worried about that for now. Comment your thoughts about the idea.
YFI had two descending triangles in the past weeks that broke the resistance and had a run. After yesterdays bearish divergence on the 4H chart we can expect a small correction to 34K, and then continue the bullish bias toward the coin. In the daily chart the coin doesn't have any recent bearish divergence, so I don't excepect any drop on the mid term. However a major market crash can happen if the bitcoin price movement turns out to be a bull trap. No reason to be worried about that for now. Comment your thoughts about the idea.
