YFII - possible Bull outbreak on the 4H chart. - The FIB GP from the big upwards move is a resistance level in the possible outbreak - The TT is the FIB GP from the last downward move - The 50 SMA is moving down and will also be a resistance for the move up
I drew the same resistance, the price needs to flip it!
iksf
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Agree with technicals
However, YFII is a seriously dead project.
Market Cap $70,511,185
Total Value Locked (TVL) $299,219
Market Cap / TVL Ratio 235.65
Governance website doesn't exist anymore.
Etc
If you want to try play the technicals on this one just please be aware YFII really should be $0 and will get there soon enough, please use a stop loss. They say YFI is dead and I don't really agree but there's an argument there, but YFII is the living dead at this valuation. Sellers out of steam for now I agree though, but doubt we'll see much buying in next phase.
zAngus
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Thanks and well done on posting your first chart. We hope you found it an easy process. Hope you have a great day. From mod @zAngus
Nico.Muselle
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Hello, congratulations on sharing your first post with the community. We hope it was a fun experience. Thanks for sharing. 👍 @Nico.Muselle, TradingView Mod Team