VTC has formed a symmetrical triangle which is usually a continuation pattern. In this case, the bias is for us to break up.
This is also confirmed by the 4h timeframe where MACD is about to cross on the positive side and RSI + StochRSI want to go higher. This is good. However to get confirmation of this bias, we need to break the resistance just under $0.70 and get out of this triangle.
On daily the chart is a bit bearish, but nothing to be too worried as long as our support at around $0.50 holds. Plus if we break-up from this triangle, we're going to get bullish on daily as well.
Won't take long now to find out, we should know by the end of the week.
Like and follow if you liked this idea! Also join my crypto community to stay in touch!
This is also confirmed by the 4h timeframe where MACD is about to cross on the positive side and RSI + StochRSI want to go higher. This is good. However to get confirmation of this bias, we need to break the resistance just under $0.70 and get out of this triangle.
On daily the chart is a bit bearish, but nothing to be too worried as long as our support at around $0.50 holds. Plus if we break-up from this triangle, we're going to get bullish on daily as well.
Won't take long now to find out, we should know by the end of the week.
Like and follow if you liked this idea! Also join my crypto community to stay in touch!
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