Technical analysis YOYOW. YOYO-BTC on October 27, 2018

October 28, 2018


It had followed the downtrend since May, but the support was found in August, which it tested again in September and bounced from it. On 1 day timeframe, we can see how the reverse head and shoulders pattern was formed that indicates the market reverse. If the support “neck” of the pattern is broken and the price is able to consolidate above it (as it is shown on the chart), we should expect the continuation of YOYOW growth.

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