I see a potential bull flag
has formed in VTC
on the 4h chart like with many other cryptos. Horizontal resistance and support lines drawn in black. Like most cryptos VTC
has been in a falling bear channel
(purple parallel lines) but this bull flag
could indicate a reversal if it breaks. Although, unlike other cryptos such as LTC, it is showing a decrease in daily volume
MA while others are showing an increase. That could be a potential for more bear action, though it did have a bull cross on daily MACd
hit oversold and bounced significantly a few days ago, so RSI
is showing growing strength as well.
As always, leave a comment with any feedback you have about VTC
, my charts, or the weather. This aint no finalcial advice either, buy sell or hodl at your own risk.