$YINN
Added 2024-08-19 14:05:46 +0000 UTCRemember $YINN follows the HSI but it is a 3 x Leveraged bullish position.
In terms of moving within its 50 and 200 Day MA's this will likely mimic the HSI too so some small differences
We can see that the HSI held exactly on its 0.618 Fib, whereas $YINN lost it slightly but held above the 0.78 Fib
And now $YINN is above its 50 Day MA now, while the HSI held at this level today
$YINN is on the US exchange so this will likely account for the difference
But the big picture, if the HSI goes up on its next bullish move higher, so will $YINN
Blue line at $30 is the next target then.
