YFI 1D Careful with long, active sales started, drawing Pinbar

12 May 2021

We missed something about YFI and haven't analyzed it for a long time, but in vain)
YFIUSDT price came to life and soundly updated the maximum, new ATH $95,000

After yesterday's strong growth, today at the daily candlestick, the price of YFIUSD begins to draw a pinbar. And if today the value of the token of the Yearn.finance project closes in the range of $80-85K, then a Pin bar will finally form, which in turn will be perceived by traders as a strong reversal signal.

The consequences of a reversal after such growth are difficult to assess, however, we note that the strong liquid zone where YFIUSDT longs were accumulated is $30-44 thousand. If we take a little narrower, then the range of $34,000-37,500 can be considered a tasty zone for investment long term.
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