VITEUSDT
VITEUSDTHello to you all. Mars Signals team wishes you high profits at all times.
We are in a 4 hour time frame. As you can see, the price is moving in an upward trend and as long as the price is above the support line, it is possible to reach the above targets. If the price can not be supported, we consider the fall to the next support.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
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.
VITEUSDTVITEUSDT has been going down since 10th of april.
If you zoom in to the 15 minute chart you can draw a tight line along the last part of the drop, this line has to be broken first.
It looks like VITE has bottomed out, what you see where we are now could be a double bottom, but if BTC decides to go down a bit further, VITE will follow.
So watch for a breakout, there's a lot of upside possible for VITE.
VITEUSDTthis alt coin start a low slope descending channel which can be obviously observed in this time frame but there is nothing to worry about the power of bears are getting weaker and bulls are starting to enter such projects and shake its chart a little for their own sake, in another view we can see a famous cup and handle formation (which most of you like it and idk why :D ) and this part is forming the bottom of its handle and starts to make a pump equal to the cups depth . . .
👉This idea has the confirmation of "advanced price action"
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