VITEBTC
VITE/BTC buy opportunityHi followers,
BINANCE:VITEBTC is starting to move away from the support area,
With potential to visit the highs again.
Don't forget to manage your risk! 👌
Good luck and trade with care 🙏
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Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only!
Proper Price Action Structure #VITEBTC (Binance TF. 4-h)I really like this price action structure #VITEBTC which is clear, proper & respects all different steps of an uptrend, and without going into excesses which usually cause huge collapses after any speculative bubble as we can see all times with many coins when the BTC drops a little.
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 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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VITE - Ultra BULLRUN coming - x200 profits🌇Hi cryptoTraders,🌆
✔️ Amazing setup for a bullrun on VITE/BTC , bullish falling wedges... it can do a breakout very soon with a strong bounce to 150 sats.
📌My entry point: 📌
- 70 sats - 75 sats
💰 My targets: 💰
- 2500 sats - 3500 sats
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👑👑 BTC , the king of crypto :) 👑👑
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🤞🤞 ALTSEASON --- loading 99.97% --- 🤞🤞
🙇♂️🙇♂️ My alts bag: VRA , BePRO, XNS, NOIA, COTI, and 15 more... 🙇♂️🙇♂️
😎 Regards, ag. 😎
✳️VITE/BTC (26/10) #VITE $VITE #VITEBTCVITE is in the strong support zone at 125-130sts, this could be the starting point for a new uptrend of VITE.
VITE is also fluctuating in a Falling Wedge pattern and this is a fairly reliable reversal pattern.
The target is the 180sts, however, the 160sts is the biggest obstacle to ending the downtrend.
If the VITE breaks the 180sts zone, it will go up to the 240sts zone.
Of course, we should still have a back-up plan, if VITE continues to fall, we will stop loss if it falls out of the 110sts.
VITEBTC - Bottom of bull flag? 100% gains?VITE has shown a lot of life today, despite market wide sell-offs.
Historically, VITEBTC trades on a bull flag , a pattern where the price rises rapidly followed by a period of sideways movement or slow decline. With the first flag being quite evident and the last few being a little muddled in volatility, but still there, we have historic proof for this trend.
It would seem today's movement breaks out of the current Bull flag, which would imply 100% gains off the low point as has been the historical trend.
MACD posted the first small green bar on the daily charts in weeks, along with a heavy cross.
RSI shows upwards trajectory with room still for growth.
MA 100 was also just moved below. Historically, we move back to MA 100 days after dropping below it, often preceding the spike. I've circled these areas in red.
BUYING IN?
If tomorrows candle posts strong, I think we can confirm an uptrend up to at least previous high. Indicators are strong, but it could still be in the downward channel.
I wouldn't be opposed to making a small buy now with the intention of either making up losses on the next peak if this one heads south or hodl until then and DCA away the pain.
TP's : 0.00000250 & 0.00000320
This is previous resistance on the upswing + previous high. we may see higher but historically the gains are about 100% from the low of the run.
SL : MAX 20%
Remember to practice proper trade sizing. If you're worried about trade it's probably too much!
I'm a simple guy that you don't know posting his ideas on the internet for the sake of improving as a human being. If you take this as financial advice, that's on you.
Feedback, criticism and crude humor are welcome :)
VITE/BTC (Wait for Breakout)VITE/BTC
-The price has pulled back to the previous resistance area
-We can see Bullish reaction around this support area
-The 0.5 Fib level adds up the extra strong potential of bounce reaction
-My advice is to buy the break of the trendline resistance
-This will tell us that the pullback is likely over and continue higher
-Bearish scenario, candle body below 236 sat will invalidate my opinion
VITE/BTC is in a very BULLISH LARGE TRIANGLE/PENNANT!VITE/BTC is in a very BULLISH LARGE TRIANGLE/PENNANT!
Enter in the triangle green zone or enter the breakout and/or retest.
Mainnet is September 1st.
Additional news end of September.
Watch for a possible sell off September 1st and additional green price action through September leading to more news!
Trade safe my friends...
BINANCE:VITEBTC
VITE? Is it worth your time? FA:
Decentralized smart contracts ecosystem like Ethereum, which is popular with Governments and industries- already in use in Singapore
Decentralized. Exchange
No Transaction fees
Large community: 10k Telegram Subscribers
TA:
Formed a Bullish Flag
Looks set to rally again
However, be careful when it does pump; 60% of token supply was spread between the team and a Private sale; then you can expect big sell walls at resistance; therefore, watch out for getting dumped on.
Enjoyed charting for you guys as usual :)
-Megaldon Whales (Rahim)
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BINANCE:VITEBTC BINANCE:VITEUSDT BITTREX:VITEBTC OKEX:VITEBTC