VIDT got absolutely nuked after the Binance delisting announcement, leading to a brutal sell-off and a local ATL (all-time low). But now things are getting interesting...
🔻 Falling wedge has formed on the 4H chart — a classic bullish reversal pattern.
📉 RSI is printing bullish divergence, signaling momentum could be shifting.
📊 Volume has been fading since the dump, which often precedes a breakout.
Key Levels:
Resistance atm: ~0.0015 — needs to break this to confirm any recovery.
Target Zones: Multiple green lines overhead (based on prior structure / Fibs), with the highest one suggesting a 10x move from the local bottom.
Support: Around 0.0013 (11) — wedge support and recent lows.
The sentiment is in the gutter after the Binance news, but oversold setups like this sometimes lead to explosive relief rallies — especially if shorters get squeezed or speculators start bottom-fishing.
⚠️ Super high risk — but setups like this can offer high reward too.
🧠 Not financial advice — just watching for a potential bounce setup.
Let’s see if VIDT has one last dance in it.
🔻 Falling wedge has formed on the 4H chart — a classic bullish reversal pattern.
📉 RSI is printing bullish divergence, signaling momentum could be shifting.
📊 Volume has been fading since the dump, which often precedes a breakout.
Key Levels:
Resistance atm: ~0.0015 — needs to break this to confirm any recovery.
Target Zones: Multiple green lines overhead (based on prior structure / Fibs), with the highest one suggesting a 10x move from the local bottom.
Support: Around 0.0013 (11) — wedge support and recent lows.
The sentiment is in the gutter after the Binance news, but oversold setups like this sometimes lead to explosive relief rallies — especially if shorters get squeezed or speculators start bottom-fishing.
⚠️ Super high risk — but setups like this can offer high reward too.
🧠 Not financial advice — just watching for a potential bounce setup.
Let’s see if VIDT has one last dance in it.
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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.
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.