Looks to me like a big bull pennant forming on VTC. Need another touch of the upper trend line to confirm. Volume is also decreasing, and looks good that the MACD on 3 hr and 4hr have recently crossed and look set for upside.
Flag pole length is about 47k, so target of breakout would be around 115k.
Flag pole length is about 47k, so target of breakout would be around 115k.
تعليق:
Volume kinda meh on the "breakout" to 70k where it stalled. Pulling back, and keeping both Bull Pennant and Ascending triangle patterns in play.
Watching for a breakout to 70k with actual volume to confirm a breakout not a fakeout.
Watching for a breakout to 70k with actual volume to confirm a breakout not a fakeout.
تعليق:
Broken through!
My target is 115k, but I'll be taking profit on the way up.
My target is 115k, but I'll be taking profit on the way up.
I think it could be an ascending triangle instead of a pennant. In which case target would be around 9k.