Quick trade on YFI/USDT: inverted Head and Shoulders AHEAD
Long time since I posted my last call on any trading set-up. Obviously, since then, not so many chances have appeared because BITCOIN has been moving hesitant but, in my opinion, I think most of the altcoins have touched the bottom lately and perhaps it is a good moment to set some longs on them. Actually, I am following what the pair YFI/USDT is doing on the 1h-chart which is building a nice inverted Head and Shoulders pattern.
This powerful pattern is preceded by a not less powerful Bullish divergence with the RSI, do you see? when the price does lower lows but not RSI that means a reversal is likely to happen and that is what is exactly occurring since yesterday.
I set my entry close to the Neckline of this pattern (15550 USD) and the target would be 17550 USD as the projected by the same:
Let's have fun!
I'm sharing only my quick trading Ideas here, not financial advice at all ;-)
Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.
