V-ID Token Faces Strong Resistance... Peaked? Support Levels
Updated
A potential peak has been hit for V-ID Token (VIDTBTC).
Looking at the long-wick down printed recent and the struggle with EMA10, it is likely that prices have peaked.
We have the next important support levels, based on Fibonacci proportions, marked on the chart.
Conditions for change
If prices move and close above the "strong resistance", the above signals become invalid.
Any trading below this level and we stay open to seeing a retrace/short-correction take place.
Thanks a lot for reading.
Namaste.
Looking at the long-wick down printed recent and the struggle with EMA10, it is likely that prices have peaked.
We have the next important support levels, based on Fibonacci proportions, marked on the chart.
Conditions for change
If prices move and close above the "strong resistance", the above signals become invalid.
Any trading below this level and we stay open to seeing a retrace/short-correction take place.
Thanks a lot for reading.
Namaste.
Comment
Boom...-> The jump (hit)
-> The retrace (hit)
Enjoy the profits.
Namaste.
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