The increasing support and decreasing resistance indicate a possible breakout in mid-december. If it can't break out past the resistance line then it will most likely fall past the support. A good buy time would be around 0.00051 with targets on 0.0007 and 0.00085.
Note: I am relatively new to this so I could always use some feedback.
Thank you.
Note: I am relatively new to this so I could always use some feedback.
Thank you.
Kommentar:
Update: VTC continues to descend toward the support line. Be prepared to buy when it reaches it.
Kommentar:
VTC may oscillate between the support and the resistance until they converge. Expect a few more dips before a large breakout. The current rise in price seems to be following a general wedge pattern.
Thanks for anyone who is actually reading this. I'm trying to learn more about chart analysis so if you'd like to leave a constructive comment then please do.
Thanks for anyone who is actually reading this. I'm trying to learn more about chart analysis so if you'd like to leave a constructive comment then please do.