YFI 12h Absorbing and joining preparing for the price explosion?

3 thg 12, 2020The news from 1 December of Sushiswap & Yearn.Finance join and the flow of blocked funds blew up the Sushi and YFI price.

We suggest at the same time to evaluate a fresh idea for Sushi.

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.