VIDTUSDT(VIDTDAO) Updated till 23-08-24VIDTUSDT(VIDTDAO) Daily timeframe range. from its local low it had a very nice retrace. almost at 0.03949 but still lots of space covered in one go. volume is there a valid close over 0.03949 can push it further here. recent support at 0.02936.
Vidtdao
VIDT BTC - Strong bullish divergence on 1D 1WTrend Analysis: Since Feb 2023, VIDT has exhibited a consistent downtrend when paired against Bitcoin (BTC).
Recent Developments: A notable development for VIDT has been its recent inclusion in the margin trading offerings on Binance. This listing is a significant milestone and could potentially catalyze renewed interest and liquidity in VIDT's trading.
Technical Indicators:
Price Action: Despite the broader downtrend, recent weeks have seen a notable divergence in price and technical indicators. Specifically, while the price of VIDT has continued its downward trajectory, there is a contrasting trend in its Relative Strength Index (RSI).
RSI Analysis: The RSI, a key momentum indicator, has been on an upward trend. This divergence—rising RSI amidst falling prices—could be indicative of a potential shift in market sentiment or a forthcoming reversal in the price trend.
Goals are marked in green... I expect at least 100% profit run in near future.
Conclusion: The current market scenario for VIDT, especially in its pairing against BTC, presents a complex picture. While the sustained decrease in price over the past months paints a bearish picture, the recent positive news and the divergence seen in technical indicators like the RSI provide a more nuanced outlook. Investors and traders should closely monitor these developments, as they could herald a significant shift in VIDT's market dynamics.
Smart idea, may be will be.No news, no information, no ads, no fans. At the beginning of everything, think of an island that belongs only to you and all its lands are yours. The tenants haven't arrived yet.
VIDT short term ambitionsif 0.0265$ per Vidt doesn't hold up (depends on market conditions) first line of resistance is at 0.024$ per vidt, next around 0.02$ per vidt and last 0.017$ per vidt (previous bottom). who knows :) this is probably the most volatile coin, project fundamentals are good, but 60+% of coin supply now controls vidt dao team. if they hodl then we can see big pumps in the future, else 80%+ dump in price (long term)
vidt descending channel on 4h TFhello all,
Vidt is on a big descending channel on 4h TF.
Its respecting the tendency.
lets see how it plays.
once it break up imo it will test the november ath again.
NFA.
Good trades
