Vite
VITE/USDT Update!!!!! Must eye on this coin!! Good day!!
Tonight, the price action lands successfully on 61% retracement. As of the moment, im going to add some bag for this coin since I'm just trading this on spot.
My bias for this would be a trend reversal after landing on 61% retracement, in ADX indicator it is showing that the down trend momentum is getting weak in daily and 4 hours time frame which may strengthen our reversal bias.
Let's see what would happen next, since BTC made a new ATH again.
Alt season is coming, real alt season is coming.
We must be prepared on coming alt season.
Our total market cap reached 2.2T at this moment, so what would be the reason to be scared of?
Buy when everyone is scared. Sell when everyone is greedy! :)
Trade responsibly!!! :)
$VITE will make 100%-150% when this reversal was successful.
VITE has similar chart to NKN.
NKN made 300-400%
$VITE is NEXT. Lets do this!
$RIF/USDT Technical AnalysisI allocate almost 20% of my bags for RIF
Ascending triangle pattern brake out for the second time, good follow up candle after the bounce from 20MA (yellow) thus, confirmation for this breakout is a must before I go for a long position. Another reason why I'm bullish for this coin is the MACD cross on 1 day time frame. I'm still looking for a good follow up candle above it's closing price.
Again, trade responsibly. Trade with a plan and don't let market ruin your fund.
$VITE/USDT Technical Analysis Good day! Vite is currently on 50% retracement as of the moment. I'm expecting for a retest to the trend line, if the price action respects it's support and bounce from their we may see another leg for VITE. History repeats itself BUT it may invalid at any moment when volume spikes downward and BTC.D spikes upward. You can use ADX indicator in order for you to have a bias for the strength of the trend.
Is VITE ready to Set up another ATH ?On a 4 hour time frame, it is clearly visible that VITE is moving in an upward trend. On a much smaller time frame we could see that VITE, after scoring a ATH close so 0.249, is now struggling to a bit.
Currently it is being supported by EMA 25 and hopefully it will continue to do so. If EMA25 misses to support VITE, then we might have to be ready for a fall.
Looking at the trend there are two scenarios:
Scenario 1 (Red path) - VITE to bounce off from EMA 25 and then break existing ATH . If it fails to break current ETH, then we might be potentially looking at VITE forming a double top . But it is too early to say.
Scenario 2 (Green path) - If EMA 25 doesn't support VIT then it can potentially break small time frame upward channel (Yellow area) and can take support on green dashed line (yet to be validated).
In a way next couple of hours are crucial to determine which way is VITE heading.
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NOTE: These are my personal notes and in no way is a financial advice. Do your own research and Trade wisely.
VITEUSDT (VITE) - POTENTIAL BUY ENTRY ANALYSIS 🔎
- VITEUSDT was bounded in the descending triangle (DT) pattern.
- Price brokeout above the descending triangle's (DT) inclined resistance.
- This is a bullish signal.
BUY ENTRY ⬆️
- Breakout above the horizontal resistance level (R1).
TARGETS 🎯
- Horizontal resistance level (R2).
- Horizontal resistance level (R3).
SETUP INVALIDATION ❌
- Initial invalidation : breakdown below the previous swing low horizontal support level (S1).
- Final invalidation : breakdown below the descending triangle's (DT) horizontal support level (S2).
VITEUSDT (VITE) - POTENTIAL BUY ENTRY ANALYSIS 🔎
- VITEUSDT brokeout above the falling wedge's (FW) resistance and retraced.
- The retracement is resisted by the descending trendline resistance (DTR).
- There's an uptrend potential.
BUY ENTRY ⬆️
- Breakout above the descending trendline resistance (DTR).
TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
SETUP INVALIDATION ❌
- Breakdown below the horizontal support level (S1).
Vite is on Downtrend, but so close to fly!Currently Vite is on downtrend, it broke uptrend channel as I mentioned previous idea.
But interesting thing is there is big support $0.1148
And price is going very close to resistance line.
Hopefully it will brake resistance line soon.
Not financial advise,
Do your own research!
Never trade anything more than you can afford to lose!
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