VITEUSDT { VITE } - BULLISH SETUPANALYSIS 🔎
- VITEUSDT hit an all-time high and retraced.
- Price is retesting the flip horizontal support.
- There's a relatively high concentration of buyers at this zone.
- The retracement was resisted by the descending trendline resistance.
- Price brokeout above the descending trendline resistance.
- This is a bullish signal.
- The market is accumulating in a ranging pattern.
- This is a bullish build up pattern
BUY ENTRY ⬆️
- Breakout above the accumulation phase resistance.
TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- Horizontal resistance level (R3).
SETUP INVALIDATION ❌
- Breakdown below the accumulation phase support.
VITEUSD
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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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 completing another bullish Gartley for upto 40% profit moveHi friends, hope you are well, and welcome to the new update on VITE coin.
On a small time period 4-hour chart, the price action of VITE is continuously forming different harmonic moves. 1st it formed Shark then Gartley and now again completing another bullish Gartley pattern and soon it will be entered the potential reversal zone. There are also 50 and 100 simple moving averages supports in the potential reversal zone.
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 (Upward Trendline Support)VITE/BTC
-The ascending trendline of support still valid
-But a new local resistance is located around 240 sat range
-If we can see a break above this level it would be a good sign
-For potential upside continuation
-You can either enter the breakout confirmation or retest
-The next resistance to watch is up to 300 sat or higher
-Bearish side, candle body close below trendline support will invalidate upside target
#VITE/BTC looks promising 28% potential ProfitHello guys VITE Brokeout of the resistance trendline with double bottom and H&S patterns.
Started making higher highs which means it shows the reversal in Trend.
ALTS with strong fundamentals do good because of HYPE.
Mainnet has been announced on MAY 27 we can look for 28% potential profit within the next 1 week
ENTRY: 127 to 133
TARGETS:
139
148
154
163
STOP LOSS: 121.
Risk reward: 1:4
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VITE/USDT TA Update (4H trend change?)VITE/USDT
VITE just made a higher high on the 4H time-frame which is good for the bulls but the war is not yet over.
A new enemy is on the way as the price approaches key trend-line resistance at 1200 areas.
VITE is looking a bit exhausted and currently showing some little weakness after it finished with a potential double top.
A pullback may be on its way with 24-48 hours. The area must hold is from 900-700 levels to continue its initial growth.
No major red flat yet, the priority remains bullish in the short-term.
VITE / US DOLLAR (VITEUSD) DailyDates in the future with the highest probability for price direction reversals