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VITA INU is Showing an interesting view for an uptrend, on this reason follow to see if it can get confirmed.
Vita Inu (VINU) is looking like it has found local support and is now turning upwards whilst also breaking through a downtrend channel. Expecting price to hit the Fib retracement levels.
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Factors 1. Price has experienced a LT downtrend (Starting April 19) 2. Recent price is poking out of it's LT downtrend 3. Price slowly building a base with a short term resistance at $1.235 . 4. EMA is converging and all pointing up. 5. There is an overhead gap at $1.365 which I would be looking to target, $1.550 if we're feeling more ambitious. Possible...
The Vita Group has broken out but hit a Historical resistance zone between $1.30 and $1.35. Technically it should retest the 1.25 breakout level before it makes a move up. That will also give the RSI a chance to move back down.This is not investment guidance or advice.
I am not confident of Vita's price movement lately. It has broke out of the falling channel but a double top has formed and prices are likely to reverse. Watch out for break and confirmation below $0.93. Target short @ $0.52. A price above $1.415 will invalidate this bearish view. Background: Vita diversification strategy involving a move into cosmetic...