So, the above news helped YFI break the trend and easily rise in value from $26,000 to $31,000. For the second time, YFI price tested for the strength the last defensive bastion of sellers, which was described in the previous idea.
Possible scenarios for the coming weeks: Sellers will again try to push the price back to the liquidity zone of $21,000-22,500. If in this zone, sellers show their strength and are able to lower the price below $18,300, then the Double Top pattern will be activated. The final target for it is in the zone $10,000-11,500.
If buyers show their strength, they will drive the price up to the previous high in the range of $44,000.