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Yoyo

YOYOW Could Outperform Bitcoin By 260%Following the previous idea on YOYOW vs Bitcoin , it has reached the upside target at 2175 satoshis and managed to close above it. At the same time YOYO/BTC continues to produce higher highs and high lows as well as rejecting the uptrend trendline, suggesting the continuation of the uptrend. After reaching the target price corrected down to 61.8% Fibonacci retracement level where it has found the support.  As the support has been rejected and if it will continue to be respected, YOYOW should continue moving higher, towards the next major resistance at 227.2% Fibonacci retracement level, that is 6.4k satoshis area. This is the rise of 260% from the current price which could take place in the next few months. The downside risk should not be ignored, and if YOYO will close below the 1490 satoshis, a double bottom formation could take place, sending price back to 800 satoshis area.
YLong
by CryptoPAMM
YOYO - Buy Opportunity - 56% ROI - 14:1 Risk/RewardReasons to buy: 1. Valid break-out pattern with a clear consolidation zone 2. Smaller break out pattern triggered 3. High return on investment (56%) with massive 14:1 risk/reward 4. Buy low / sell high WAIT for a retracement back into consolidation zone to offer high risk/reward ratio. Should this zone fail, price can still re-test the lower consolidation zone and move towards the projected targets. Enjoy. Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
YLong
by kayventrades
3
YOYO vs Bitcoin Can't Break AboveYoyow coin has found the support at 88.6 Fibonacci retracement, that is 810 satoshis. The support was rejected cleanly, although price has formed a strong resistance at 1140 satoshis, that YOYO/BTC failed to break on multiple attempts. However, while the support is holding there is a good probability of the potential corrective move up, but only if YOYO/BTC will managed to break and close above the 1140 satoshis resistance. When/if that happens, Yoyow could jump up towards 76.4% Fibonacci retracement at 2175 satoshis, where previously resistance was formed. On a downside, if Yoyow continues to trade below 1140 satoshis resistance price could go down and perhaps below the 810 support, before correcting up.
YLong
by CryptoPAMM
YOYO Trading Idea with Trend and Pattern AnalysisHere we can see YOYO on the 4 hr chart after it's recent breakout. There are a few things going on here. First, I used trend lines to explain previous price action, and to identify a potential bottom for YOYO. The initial up-move after the Spring transitioned into a sideways trading channel, which is normal Price action may have formed an Ascending Broadening Wedge pattern, see below to see an explanation of what that is: excellenceassured.com The first time YOYO entered this pattern, it did not have the strength to break out, which is expected since it had only just sprung from the bottom. After some consolidation, it appears we may again be in an Ascending Broadening Wedge pattern, only this time it's larger, with more volatility. If we are indeed in this formation, there should be an A,B,C,D,E,F pattern before YOYO makes an ultimate decision to breakout or not That is where the trouble lies, as no F point has been established yet. This will happen when price once again touches the lower green line. This is why it may be wise to wait for further price action so that a reasonable entry can be made. I highlighted this area in yellow. Ultimately, I am very bullish on YOYO, and if this coin doesn't wanna mess around then I believe it could just break out without ever touching back down. But I think it is a less likely scenario, and I'd imagine it would require some heavy volume. As always, we shall see how this plays out :) Happy trading!
YLong
by darth_bitcoin
$YOYO $YOYO.X - YOYO 1 Day BinanceLooking at YOYO it is in a decent buying area right now at the bottom of the lower bollinger band and near the bottom of the last retracement. Still a bearish candle though, I would wait for a confirmed uptrend and RSI should be also trending up which it isnt right now. I would give it another day or so to see if this is the new bottom before buying in. For the gamble, if you buy in now target sell spots 1735 and if there is a good reversal 1990 would be a second point.
Y
by UnknownUnicorn2091450
YOYO Buy OpportunitySolid up trend that has maintained itself very well. Support line has held good, the MACD is just about to cross over indicating a buy signal, the volume is begining to pick up, indicating that this could Pop, especially if it breaks the key resistance point marked on the chart! My only concern here is the RSI is about to go into the over purchased territory, but, A solid purchase here, set your stop loss at the bottom of the support line, there is great upside, with little risk. A great Trade.
YLong
by rajeezus
4