Observations of VTC
The 50 EMA acts like support, plus the support trend lines. The 20 EMA needs to stay above the 50 EMA for VTC to stay bullish. There is a bullish divergence, which signals VTC will go up. I think it will hit the support line one more time before going to test resistance again. However, one indicator doesn't make the market, so the other options are: falling through support and acting out option 3. Option 2 is the bounce off the current support line. Option 1 is straight to the resistance line. Option 1 is also likely due to the double bottom it recently had. However, the last big red candle seems an indication that the bears hadn't had their fill yet.
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