I posted a TA on VTC on 10/10:
Previous TA demonstrated a symmetrical pattern in previous accumulation waves.
And I tried predicting the most profitable entry for this wave.
VTC has only gotten stronger since,
I added bar patterns on this chart to demonstrate the symmetry.
Only this time the 52K target is merely the beginning.
Indicators:
ADX:
Currently at 24 on the 1 day chart, indicating the beginning of an uptrend.
Previous ADX at these price levels was much higher, indicating the trend was weakening.
This time we can expect a rally to new highs. A much more sustainable ones.
RSI:
Strength index is in confluence with ADX, the chart is making new highs on a lower RSI.
VTC is rising and not getting overbought. This is crucial for a strong chart.
Our next target is 52K sats.
And we've had a buy recommendation on it since my last TA, 10 days ago with entries in the 22K sats!
Hang on tight my friends, the moon is getting closer!
Previous TA demonstrated a symmetrical pattern in previous accumulation waves.
And I tried predicting the most profitable entry for this wave.
VTC has only gotten stronger since,
I added bar patterns on this chart to demonstrate the symmetry.
Only this time the 52K target is merely the beginning.
Indicators:
ADX:
Currently at 24 on the 1 day chart, indicating the beginning of an uptrend.
Previous ADX at these price levels was much higher, indicating the trend was weakening.
This time we can expect a rally to new highs. A much more sustainable ones.
RSI:
Strength index is in confluence with ADX, the chart is making new highs on a lower RSI.
VTC is rising and not getting overbought. This is crucial for a strong chart.
Our next target is 52K sats.
And we've had a buy recommendation on it since my last TA, 10 days ago with entries in the 22K sats!
Hang on tight my friends, the moon is getting closer!