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YFI 12h. Test of $13,000 and a new wave of fall to $6075.

BINANCE:YFIUSDT   YFI / TetherUS
Having fixed a new low at $9635, the Yearn.finance project token made us look at it again and publish a new idea.

Our previous YFI idea worked out in 3 weeks. As a result, the price fell by 50%.
This token moves quite technically and now it is facing the choice of its path.

The current consolidation is not fully understood at the moment and has approximately equal chances of breaking up or down.

While testing the level $9750 , buyers showed their interest and it is evident from the increased volumes. However, buyers do not have the strength to fix above $11,500 (the previous critical point of the token). Sellers' trend wasn't broken.

Scenarios for the development of events:
1) The price next week is consolidating in the shape of a triangle (purple arrow version) and makes a false breakdown to the level $9250, thereby knocking out the stops of longists, and begins to grow to the level $13,000.
2) The price from the current indicators begins to grow smoothly to $13,000.

After these two scenarios, there probably will be a continuation of the protracted fall, where the zone $5700-6075 will serve as a magnet of attraction.

A positive scenario for the YFI price movement will come only after the price can confidently fix above $13,000.
In this case, the path to the level $18,350 be will open.

To determine the most likely scenario in time - subscribe to us and get an idea update at the right time!

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