VYGR - Buying zones or Falling knife?
Updated
VYGR has been showing for a while that the momentum is dying.
Although MACD may show some signs of reversals in coming weeks but since BTC doesn't look very strong as of now, I could deduce that it will have some effect on VYGR.
The VPVR on the right side is showing the same as there has not been much volume traded between here and $9 level.
Let's hope it bounces from here, if not, then the next level of support is between $8 - $9
Currently, it is at a good level to add some amount if you are doing dollar cost average but frankly I would rather wait to see the reversal in the pattern.
I wouldn't want to catch a falling knife.
Although MACD may show some signs of reversals in coming weeks but since BTC doesn't look very strong as of now, I could deduce that it will have some effect on VYGR.
The VPVR on the right side is showing the same as there has not been much volume traded between here and $9 level.
Let's hope it bounces from here, if not, then the next level of support is between $8 - $9
Currently, it is at a good level to add some amount if you are doing dollar cost average but frankly I would rather wait to see the reversal in the pattern.
I wouldn't want to catch a falling knife.
Trade active
Although the first target for dollar cost average has been reached, it looks like we have broken the support and are heading for $8-$9 range which is my second area for support and dollar cost average.Trade active
$20 looks like a key area to holdTrade closed: stop reached
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