VITEUSDT
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.
If you like my analysis then do send your support using LIKE button and dropping a COMMENT. Also do SHARE it with your friends.
And don't forget to smash that FOLLOW button to get daily analysis on different crypto currencies.
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!
If you like my ideas please support by like and sharing.
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.
VITEUSDT AnalysisSince there are 3 SELL signals present, I'm BEARISH.
And this is not a good time to buy.
If you want to buy again, we have 4 different options.
1- You can wait for EngineeringRobo's BUY signals to be present,
2- You can wait for candles to open-close above resistance level (0.036) for 1D to buy,
3- You can buy if the candles open-close above the up-trend line
4- You can buy when candles touching the support line (0.015).
After you buy, please watch out for EngineeringRobo's sell signals and consider selling it.
VITEUSDT ANALYSISBuy this coin when the resistance line turns into a support line ( $ 0,02362) or
Try to catch EngineeringRobo ' s buy signal and after buying this coin watch carefully EngineeringRobo ' sell signal
If you hold this coin sell at the resistance line and watch carefully every signal
Have a good trade If you want to use EngineeringRobo please dm me.
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