As I pointed out in my last VTC chart, it broke downward out of it's impressive uptrend, and has been continuing down ever since. At the moment I'm seeing two things that make this an interesting coin.
1. There's a triangle formed and ready for a move. I would lean towards it being a continuation pattern and a break downward being the next move.
2. Bollinger Bands are squeezed really tight right now. This happens before a big price move.
So I'm expecting a strong move downward soon. However, there is the chance this could break upwards. If it does, then buying the breakout and targeting sells at 80k would the trade.
1. There's a triangle formed and ready for a move. I would lean towards it being a continuation pattern and a break downward being the next move.
2. Bollinger Bands are squeezed really tight right now. This happens before a big price move.
So I'm expecting a strong move downward soon. However, there is the chance this could break upwards. If it does, then buying the breakout and targeting sells at 80k would the trade.