YFI brokeout as expected from my previous analysis.
Price is testing the projected ascending channel resistance.
RSI is printing a bearish divergence signal.
Price action is printing a rising wedge pattern.
Sell entry โฌ๏ธ - breakdown below the rising wedge support.
Targets ๐ฏ - flip horizontal support / fibonacci retracement levels / ascending channel support.
Setup invalidation โ - breakout above the ascending channel resistance.
Price is testing the projected ascending channel resistance.
RSI is printing a bearish divergence signal.
Price action is printing a rising wedge pattern.
Sell entry โฌ๏ธ - breakdown below the rising wedge support.
Targets ๐ฏ - flip horizontal support / fibonacci retracement levels / ascending channel support.
Setup invalidation โ - breakout above the ascending channel resistance.