YFI finally woke up after sleeping for almost a month. We did a nice re-test of the previous ATH level and actually exceeded it slightly, only that we were quickly pushed back down.
Nevertheless, the momentum is very bullish on YFI with an expanding MACD and RSI about to break into overbought territory. Volume is also growing nicely, so this pump has legs to stand on. These are all bullish signals.
Once we clear the current resistance at $44k we should be a on a path towards $66k. I definitely see YFI reaching at least $100k longer term, so this is a good hold for a longer term position.
For now, wait to see how price reacts at this resistance level, then if breakout happens good time to enter. You can also explore longs at support, if we happen to drop there again.
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Nevertheless, the momentum is very bullish on YFI with an expanding MACD and RSI about to break into overbought territory. Volume is also growing nicely, so this pump has legs to stand on. These are all bullish signals.
Once we clear the current resistance at $44k we should be a on a path towards $66k. I definitely see YFI reaching at least $100k longer term, so this is a good hold for a longer term position.
For now, wait to see how price reacts at this resistance level, then if breakout happens good time to enter. You can also explore longs at support, if we happen to drop there again.
Like and follow if you liked this idea. Also join my crypto community to stay in touch!
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