VITEUSDT trade ideas
LONG #VITEUSDT#Viteusdt
❇️It is the scope of its 2-year support line And suitable for long-term purchase and maintenance. Now Price : 0.05
@Pimcow
VITEUSDT is creating a falling wedge 🦐VITEUSDT is creating a falling wedge on the daily timeframe and now the price is testing the daily resistance. IF the price will have a breakout from the wedge and retest the current resistance as new support, According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
VITEUSDT { VITE } - BULLISH SETUPANALYSIS 🔎
- VITEUSDT hit an all-time high and retraced.
- Price is retesting the flip horizontal support.
- There's a relatively high concentration of buyers at this zone.
- The retracement was resisted by the descending trendline resistance.
- Price brokeout above the descending trendline resistance.
- This is a bullish signal.
- The market is accumulating in a ranging pattern.
- This is a bullish build up pattern
BUY ENTRY ⬆️
- Breakout above the accumulation phase resistance.
TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- Horizontal resistance level (R3).
SETUP INVALIDATION ❌
- Breakdown below the accumulation phase support.
VITEUSDTBuy from the red level of 0.05368. The growth goals are displayed on the chart. The reference point for them is the Fibonacci levels and accumulation zones. It is assumed that this was a correction wave A consisting of 5 waves
How Is VITE looking ???Hello everyone ! I want this to be short. Here as you can see on the chart in daily time frame falling wedge pattern broken after nearly 90 days which makes this coin very promising if the crypto market continue its rising. On the macd falling trends were weakening, this is one of the features of falling wedge pattern, this is also very promising. For me, buying the coins that made their ATH very far away(over 3 months) and fell %85 90 from there is very logical.
I wrote this one for XEM and TVK and from buying their almost bottom level I am in profit over %40.
Here is another very looking one which haven't rise %30 40.
Have a nice day!
VITEUSDTVITEUSDT has been going down since 10th of april.
If you zoom in to the 15 minute chart you can draw a tight line along the last part of the drop, this line has to be broken first.
It looks like VITE has bottomed out, what you see where we are now could be a double bottom, but if BTC decides to go down a bit further, VITE will follow.
So watch for a breakout, there's a lot of upside possible for VITE.
ViteusdtVite needs to break the 0.18 resistance
Then the movement is upwards ;)
It might retest it's support around 0.16 again , before it's parabolic rally.
VITEUSDTthis alt coin start a low slope descending channel which can be obviously observed in this time frame but there is nothing to worry about the power of bears are getting weaker and bulls are starting to enter such projects and shake its chart a little for their own sake, in another view we can see a famous cup and handle formation (which most of you like it and idk why :D ) and this part is forming the bottom of its handle and starts to make a pump equal to the cups depth . . .
👉This idea has the confirmation of "advanced price action"
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ViteusdtUp up and away
Viten has bounced off it's support at 0.18
Now looking at 0.22 and then beyond.
