Market & Ticker: Yield Guild Games – YGG/USDC

Date: 29/11/2024

Horizon / Timing:  Tactical Mid-term / 1 to 3 months

Scenario: 

Last update in august 2024: YGG consolidated after the BTC halving within a seasonal period which now offers opportunity to buy the lower part of the consolidation pattern in progress.

We do expect a rapid test of the 0,7230 on a 1-to-3-Weeks basis as long as 0,35 remains a key support area valid.

Today we adjust the tactical support at 0.55 to anticipate a test of 0,76 before opening 1,12.

Technical Key Elements:

• Auto-similar move reached at 0,27
• RSI indicator is positive without divergence
• The Moving average are support
• Fibonacci key support is adjusted at 0,55 while the Elliot wave shows upside potential towards 1,12

Trade Idea conclusion: Buy 

• Tactical Target max: 1,12
• Tactical Target: 0,76
• Tactical Key support (Pivot): 0,55
• Tactical Alternative target: 0,44 & 0,40

Chart: Daily Basis (Candle Stick) - Logarithmic 

Indicators: Exponential Moving Average (21/34/89) - RSI (21)

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