Chibuike_Odoh

VITEUSDT { VITE } - BULLISH SETUP

Long
BINANCE:VITEUSDT   VITE / TetherUS
ANALYSIS πŸ”Ž
- VITEUSDT hit an all-time high and retraced.
- Price is retesting the flip horizontal support.
- There's a relatively high concentration of buyers at this zone.
- The retracement was resisted by the descending trendline resistance.
- Price brokeout above the descending trendline resistance.
- This is a bullish signal.
- The market is accumulating in a ranging pattern.
- This is a bullish build up pattern

BUY ENTRY ⬆️
- Breakout above the accumulation phase resistance.

TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- Horizontal resistance level (R3).

SETUP INVALIDATION ❌
- Breakdown below the accumulation phase support.

Comments

Hello ... Bro awesome works
+1 Reply
oof this got hit hard, already at initial breakout levels, looks a decent bet though, good luck
+1 Reply
@InvestmentsHub πŸ‘
+1 Reply
Analysis of any other coin will you give for now ?
Reply
@Cryptogeek677 just posted CREAMBUSD
Reply