VTC got a spank down during our May crash which took price below $1. A nice 77% drop. Did you buy the dip?
Unfortunately, this event basically re-set the chart and erased 3 months of price action and gains. Therefore, our moon mission to $12 was postponed.
To resume our ascent, VTC price has to reclaim $1 and go above it, until that happens, the moon mission is delayed.
We do have some good news with the exchange CoinEX listing VTC recently. Any new exposure to VTC is good and will add liquidity, a few more exchanges and the next push up may be even more significant.
The indicators on daily are also looking good, and we should get AT LEAST a re-test at $1. Daily MACD is bullish, so we should slowly grind our way back to $1, then we have to re-assess.
Therefore, I see these price levels as a good opportunity to re-load if you missed on VTC before. Fundamentals are strong and so long the market remains bullish, VTC will recover and pump higher.
Also watch BTC/ETH as they set the tone, don't expect VTC to push on its own if the market takes a bad turn again.
Like and follow if you liked this idea! Also join my crypto community to stay in touch!
Unfortunately, this event basically re-set the chart and erased 3 months of price action and gains. Therefore, our moon mission to $12 was postponed.
To resume our ascent, VTC price has to reclaim $1 and go above it, until that happens, the moon mission is delayed.
We do have some good news with the exchange CoinEX listing VTC recently. Any new exposure to VTC is good and will add liquidity, a few more exchanges and the next push up may be even more significant.
The indicators on daily are also looking good, and we should get AT LEAST a re-test at $1. Daily MACD is bullish, so we should slowly grind our way back to $1, then we have to re-assess.
Therefore, I see these price levels as a good opportunity to re-load if you missed on VTC before. Fundamentals are strong and so long the market remains bullish, VTC will recover and pump higher.
Also watch BTC/ETH as they set the tone, don't expect VTC to push on its own if the market takes a bad turn again.
Like and follow if you liked this idea! Also join my crypto community to stay in touch!
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