VITE vs Bitcoin

On the above 1-day chart price action has corrected 70% since early April. A number of reasons now exist to be bullish. They include:

1) Price action breaks out of resistance following a ‘incredible buy’ signal.

2) The 10-day EMA crosses up the 21-day EMA.

3) Price action makes an impulsive move to the upper half of the Bollinger Band (not shown here).

4) On the weekly chart price action has corrected to the golden ratio and prints a Bullish engulfing candle.

5) Have studied a lot of alt-coin / BTC pairs recently. This is one of a few (the others being Metal MTL and another I’ll publish soon) that have broken through both 21-weekly and 50-weekly EMAs.

Is it possible price action falls further? Sure.

It is probable? Very unlikely.

Target? 600-650 sats / 350%

Good luck!

WW


The Weekly chart

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Weekly stochastic RSI confirms crossing up 20. It will be a good month to stay long on this little unknown of a project.

Bình luận:

Lots of confluence occurring within the next 5-days (see 1-day chart below). This will likely result in a powerful move.

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Price action tests past resistance as support (and confirms) and then crosses the 21-week EMA (green line) - look left!

Stochastic RSI crosses up 20 (circled in purple) as a new higher low is printed on the RSI.

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a good moment