Viction | Learning TA (160% Bullish Wave Examined)

٢٥ أغسطس

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.