Hello everyone,
I know we have a lot of active trades right now: BAT, ARK, NANO, SC and now I want to showcase one of the coins that is looking quite phenomenal in short term and also in long term.
That coin is VTC/BTC. It had it's upsides and downsides, but general trend of the coin for the past 18 months was a bearish trend.
Still, looking at the longer time frame, it can be found that this coin has hit a price point that is very close to its all time low in terms of BTC. Historically this has been a point from which the price bounced very aggressively so I think the same will happen.
A lot of indicators like EMA 50, EMA 200 and Ichimoku clouds are showing that the coin is still bearish, but based on support levels and RSI that is trending upwards, I will respectively disagree.
Targets as the entry are drawn on the chart as usual.
Enjoy the trade!
I know we have a lot of active trades right now: BAT, ARK, NANO, SC and now I want to showcase one of the coins that is looking quite phenomenal in short term and also in long term.
That coin is VTC/BTC. It had it's upsides and downsides, but general trend of the coin for the past 18 months was a bearish trend.
Still, looking at the longer time frame, it can be found that this coin has hit a price point that is very close to its all time low in terms of BTC. Historically this has been a point from which the price bounced very aggressively so I think the same will happen.
A lot of indicators like EMA 50, EMA 200 and Ichimoku clouds are showing that the coin is still bearish, but based on support levels and RSI that is trending upwards, I will respectively disagree.
Targets as the entry are drawn on the chart as usual.
Enjoy the trade!
Trade closed: target reached:
All targets have been reached.
You can sell everything or keep holding. VTC is looking pretty good long term as well.
All targets have been reached.
You can sell everything or keep holding. VTC is looking pretty good long term as well.
Already about 10% up from the entry. This is a correctly timed trade for sure.