Yesterday I painted a bearish view, based on the downtrend and a triangle formation I was watching. Today I'm feeling cautiously bullish on VTC. The triangle broke down, as I predicted, but not with any conviction or big price move. I think the price will now look to test higher resistance. The Bollinger Bands are squeezed tightly, and the Stoch RSI is oversold on higher timeframes.
I'm also watching this blue line, which starts from the beginning of this mini-downtrend, and is acting as resistance that the price action is pushing up against. The Bollinger Band squeeze means we are about to see a big move one way. I'm cautious betting for a break of that resistance. Target 8k.
I'm also watching this blue line, which starts from the beginning of this mini-downtrend, and is acting as resistance that the price action is pushing up against. The Bollinger Band squeeze means we are about to see a big move one way. I'm cautious betting for a break of that resistance. Target 8k.
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Broke upward, it's almost as if TA works. Target 8k still.