VICUSDT.1DReviewing the VIC/USDT chart you've provided, here is my first-person technical analysis:
The chart reveals a clear downtrend that started around February 2024, with the price descending significantly until it found some form of stabilization and support around mid-May. Since then, the price has attempted to recover, forming a somewhat volatile consolidation pattern.
Letโs discuss the key support and resistance levels highlighted on the chart:
Support 1 (S1) at $0.2616 seems to have played a critical role recently, with the price bouncing off this level to initiate a recovery.
Resistance 1 (R1) at $0.4509 represents a significant barrier where previous rally attempts were halted.
Resistance 2 (R2) at $0.5581 sets a longer-term target for a potential bullish scenario.
Support 2 (S2), which is not clearly indicated with a price on the chart, should be monitored as a lower boundary in case of further declines.
The Moving Average Convergence Divergence (MACD) shows a slight bullish momentum as the MACD line is above the signal line. However, the proximity to the zero line suggests this bullishness might be weak or in its early stages.
The Relative Strength Index (RSI) near 58 is currently in a neutral zone, which does not indicate overbought or oversold conditions. This level suggests there is room for the price to either ascend or descend without immediate pressure from RSI extremes.
Given these observations, my approach would be cautious optimism. The price is currently around $0.3909, nestled between S1 and R1. A potential strategy could be to wait for a clear breakout above R1 with substantial volume as confirmation of a stronger bullish trend. Such a breakout could offer an opportunity to target R2, assuming the broader market sentiment supports further upside.
Conversely, should the price break below S1, it would be prudent to reassess the bullish outlook and prepare for a possible test of S2, setting stop-losses appropriately below S1 to mitigate risks.
This analysis underscores the importance of monitoring key technical levels and indicators to adapt trading strategies to evolving market conditions. Always combine technical analysis with an understanding of market news and sentiment to form a comprehensive trading decision.
VICUSDT.P trade ideas
Viction | Learning TA (160% Bullish Wave Examined)Here we have a young chart but with clear signals, we can learn from those.
The information shared in my channel can be used to spot great trading opportunities, great entry timing, great chart setups, but everything is shared mainly for learning purposes. You can learn technical analysis while reading my trade-ideas... Check this out.
We are looking at Viction (VICUSDT).
Notice the blue bold line on the chart. This line marks the May 2024 low. Below this line we have bearish action. We picked the chart because VICUSDT is now trading back above this level, thus bullish.
Below this line though we have several reversal signals:
1) High volume. Either bullish or bearish, high volume is always something to notice.
2) Double bottom and higher low.
When the action moves back above the May 2024 low combined with these signals, we have a bullish scenario.
If we activate the classic oscillators, MACD and RSI, we can find some interesting signals there as well, but we will skip those as this is more than enough.
A bullish continuation can lead to ~160% growth.
If the action moves back below the main support, May 2024, the bullish bias weakens.
Nice isn't it?
TA made easy.
Namaste.
VIC - Testing the lower-lows (targets update).Hello VIC holders and traders out there!
I do hold this coin myslef,
and I've heard about the increased supply issue (as a fundamental aspect)
As we can see VIC continued on a downtrend the last week or so.
There is not a sure way to predict any bottom in any markets. However..
Bitcoin may turn bullish soon.. and also VIC cand have a strong recovery..at least i hope to.
For traders VIC made some nice wicks...was a good opportunity to catch them!
VIC may continue to stay more volatile and print some candles hopefully to the upside!
New targets on chart! old targets in the comment bellow.
Vicusdt trading opportunityVicusdt is currently trading within a potential falling wedge formation, with an immediate and significant supply and demand zone established.
The plan is to short the rejection from the supply zone and accumulate the coin towards the strong demand area. The stop loss should be set at 15% below the given buying zone.
Your comments and likes would be greatly appreciated.
VIC Soars Eyes on $1.12 Breakout for Potential Surge to $1.30Viction (VIC) has been on a tear since February 2024, with no signs of slowing down. After finding strong support at $0.88 this month, the price has shot up to its current level of $1.08 . I am now eyeing a potential breakout if VIC can overcome the $1.12 resistance level.
If VIC can break through the $1.12 resistance level, we could see a surge towards the $1.20 to $1.30 resistance zone.
VIC - Can it return to ATH?VIC is still trading at the lows now. Has a nice pullback to a resistance level.
VIC is the native cryptocurrency of Viction
More on VIC chart in pics bellow
Targets on chart !
Trade Safely!
Do not fomo in into coins :)
VIC It is used for several functions within the Viction ecosystem, including payment of transaction fees, staking and delegating, liquidity provision, and governance. As a payment method, it is used to pay for smart contract executions and transaction fees on the Viction network.
๐ Trading Signal for VIC/USDT ๐๐ Trading Signal for VIC/USDT ๐
๐ช Asset: VIC/USDT
๐ฐ Current Price: $0.8225
๐ Potential Upside: Target sell prices at $0.8925, $0.9302, and $0.9705
โณ Timeframe: Short Term
Strategy: Consider buying at current price levels between $0.8225 and $0.8055 with a target to sell at $0.8925, $0.9302, and $0.9705 respectively. Set a stop-loss at $0.7864 to manage risks.
Always conduct your research and manage risks carefully before engaging in any trading activity. ๐๐
Is tomochain ready for the next rocket? (now VICTION)Tomochain has been changed to Viction on 24 november. I do not expect any changes in the direction forward to a new ATH.
The fourth wave of major degree forming an elliot triangle abcde wave is still not finished. I do expect the start of the fifth wave between end of december and january 2025.
TOMO chain โ๏ธ RE-named as VICPPL worries ๐ wt change it have done BITRUE:TOMOUSDT as BINANCE:VICUSDT
Nothing changed ๐ it's 1::1 ration only
Same supply 100M
Same circulation supply ๐
Layer 1&2 same properties but now increased many things fast speed and less fee
Defi , games etc... added
Soon ๐ we see many inbuilt let's watch ๐