Long
Vite 230% Bullish Wave Supported by Classic Signals
And every now and then we go back to basics...
Notice the 16-Feb. session; The long upper wick or shadow is there to remove resistance. Normally, a long upper wick would be considered bearish but this is not the case here. When we add some context, the chart reveals the full picture.
This session has really high volume, the highest on daily basis since November 2022.
The day closed above EMA50 and was supported by a strong RSI. These signals help us determine that the upper wick is a move removing resistance rather than a rejection.
And then we have a break of MA200 today. Once this level is conquered, the pair is ready to grow long-term.
The bullish divergence with the RSI has been mentioned many times recently and is also a classic. These are all pointing higher... 170%-230% is only the initial move —much more is possible long-term.
Namaste.
Notice the 16-Feb. session; The long upper wick or shadow is there to remove resistance. Normally, a long upper wick would be considered bearish but this is not the case here. When we add some context, the chart reveals the full picture.
This session has really high volume, the highest on daily basis since November 2022.
The day closed above EMA50 and was supported by a strong RSI. These signals help us determine that the upper wick is a move removing resistance rather than a rejection.
And then we have a break of MA200 today. Once this level is conquered, the pair is ready to grow long-term.
The bullish divergence with the RSI has been mentioned many times recently and is also a classic. These are all pointing higher... 170%-230% is only the initial move —much more is possible long-term.
Namaste.
Note
Another perfect bullish chart setup.Pretty early, the major bullish move is yet to show.
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🚨 You need PREMIUM trade-numbers to profit from Cryptocurrencies —Best timing & amazing results! 👉 lamatrades.com (Since 2017)
💥💥💥 Early 2025 Results (NEW)
t.me/masteranandatrades/6119
🏆 FREE Trade-Numbers
anandatrades.com
💥💥💥 Early 2025 Results (NEW)
t.me/masteranandatrades/6119
🏆 FREE Trade-Numbers
anandatrades.com
Related publications
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.