Long
VTC/USD - We broke the triangle, can we maintain momentum? ð
Vertcoin finally broke out of this large symmetrical triangle. We broke-up which is great for bulls, however today the momentum was negated by this large red daily candle which is also bearish engulfing right now (meaning its body is larger than the previous green candle).
If we close like this the day, then the momentum up may take a breather before we can continue. For now the support line seems to hold well and I'd expect a nice continuation so long BTC and ETH do not crash the market lower.
We still did not get a positive cross on MACD and RSI is curving down, therefore we need some volume and momentum up to get higher, otherwise, not looking that bullish at the moment.
Nevertheless, bias remain bullish for now and if this ascending support holds, we're good to go higher.
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If we close like this the day, then the momentum up may take a breather before we can continue. For now the support line seems to hold well and I'd expect a nice continuation so long BTC and ETH do not crash the market lower.
We still did not get a positive cross on MACD and RSI is curving down, therefore we need some volume and momentum up to get higher, otherwise, not looking that bullish at the moment.
Nevertheless, bias remain bullish for now and if this ascending support holds, we're good to go higher.
Like and follow if you liked this idea! Also join my crypto community to stay in touch!
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ðđ Real trades & wins explained
ðđ Trading ideas, crypto trends & alpha
Likes and follows appreciated! ð
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ðđ Real trades & wins explained
ðđ Trading ideas, crypto trends & alpha
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ðđ Real trades & wins explained
ðđ Trading ideas, crypto trends & alpha
Likes and follows appreciated! ð
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