Descripción
⋅ The last time we looked at YFIBTC and YFIIBTC both pairs/charts were moving together... Basically the same but this is not the case anymore.
While DFI.Money (YFIIBTC) went on to print a lower low and is yet to cross above EMA10, YFIBTC is in a better position as you will see next.
(You can find the full YFIIBTC chart on the related trade ideas below).
Yearn.finance chart analysis by Alan Masters
Here we have a clear higher low when we compared 5-Nov. with 3-Jan.
Price is already trading above EMA10 and aiming to close above EMA21 today.
The trading volume has been green for the past 3 days.
Bullish cross on the MACD is young but clear and the RSI above 50 gives everything away.
The bulls are now in control of this chart, the green arrow signaling higher prices is what we expect next...
WAIT! Remember, things can always change.
So make sure to do your own research, use a stop-loss or build a plan/strategy before you trade.
This is Alan Masters.
Thanks a lot for your support.
Namaste.