#Accumulation_Recommendation
Pair : #VIA /#BTC
RSI : 53
Volume : Showed a good pump by the last 4 hour but still need some inputs.
EMA(50) : On the way towards the floor of current price.
Note : After some good resistance test after our last call once again #VIA is on a good bullish short term trend for now. A good bullish candle sticks created by the last 24 hours and is going to test the major resistance level at around 7790 sats. MACD and RSI seems good and on favor of the bulls and EMA is also on bullish side for now. Besides the falling wedge it is already in a breakout of a short term triangle too. If the current candle can close the resistance of the blue triangle it is going to be a good indication for a breakout even upto the level of 61.8% fib levels. Trade need a strict stoploss management since Bitcoin is moving in a good uptrend testing the 8k level currently.
Accumulation Area : 7100 sats - 7300 sats
Distribution Area :
Target 1 : 7630 sats
Target 2 : 7760 sats
Target 3 : 8250 sats
Target 4 : 8530 sats
Target 5 : 9150 sats
Target 6 : 9780 sats
Target 7 : 10670 sats
Target 8 : 11810 sats
Stop Loss : 6500 sats
Risk : High
Capital Allocation : Up to 4%
Pair : #VIA /#BTC
RSI : 53
Volume : Showed a good pump by the last 4 hour but still need some inputs.
EMA(50) : On the way towards the floor of current price.
Note : After some good resistance test after our last call once again #VIA is on a good bullish short term trend for now. A good bullish candle sticks created by the last 24 hours and is going to test the major resistance level at around 7790 sats. MACD and RSI seems good and on favor of the bulls and EMA is also on bullish side for now. Besides the falling wedge it is already in a breakout of a short term triangle too. If the current candle can close the resistance of the blue triangle it is going to be a good indication for a breakout even upto the level of 61.8% fib levels. Trade need a strict stoploss management since Bitcoin is moving in a good uptrend testing the 8k level currently.
Accumulation Area : 7100 sats - 7300 sats
Distribution Area :
Target 1 : 7630 sats
Target 2 : 7760 sats
Target 3 : 8250 sats
Target 4 : 8530 sats
Target 5 : 9150 sats
Target 6 : 9780 sats
Target 7 : 10670 sats
Target 8 : 11810 sats
Stop Loss : 6500 sats
Risk : High
Capital Allocation : Up to 4%