Sacking

$VTHO/USDT Symmetrical triangle 4hr.

BINANCE:VTHOUSDT   VTHO / TetherUS
$VTHO consolidating into this neutral pattern for the past 1.5 weeks, following a strong doubling of the price 10 days ago, forming the flagpole. We're watching MACD as the downside momentum appears to be slowing. We see slow Stochastics dipping to the oversold area paired with the %k line cross (we may be waiting for the next %k cross) IF we confirm breakout on volume, then we could see a 40%+ move to ~$0.026. However, if we can't break through, we have a possible move to the downside picking up strong buying support around .016, but if this support fails to hold, this move could take $VTHO back to a just above a penny.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.