Why I believe that YFI has not completed its pullback yet

Тема в разделе "English", создана пользователем Trading Ideas, 24 сен 2020.

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    Why I believe that YFI has not completed its pullback yet
    YFI / TetherUS BINANCE:YFIUSDT
    rsammut1973
    zVzJbfAD_mid.png
    I believe that YFI is at the wave 4 stage of an EIW. For 1-4 days we will bounce between two lines of support & resistance (23,832 - 27,367) forming a double top and then make our way down to 18.6K

    Since we entered Wave 4 the sell pressure is getting the better of the buy pressure (longer wicks on top of the candlestick bodies) Fri - Sat we will make an attempt on the 20 EMA (The TD sequential on the daily is at 9 & indicating a pump) and get rejected which will trigger the move down to 18.6K

    We already have Bullish Divergence on the daily RSI but there is still room for it to increase. Whether we can make it to the measured move ($43.9), which would be a double top with the current ATH , still remains to be seen due to the dollar having at least a temporary recovery
     
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