Long
VIDT is in the perfect spot for the next move up
It has been a while since I had a look at VIDT. From my observations:
- The bottom is after it has formed a double bottom.
- A new trend has been created and is being followed as we speak.
- The RSI is at the exact level where the last big up move started
- There are 3 different price action levels which form a resistance and will flip into support after they have been broken. The first level is 4200 sats, after that the road is clear up until 6400 sats. If 6400 breaks and flips into support the strongest of the resistance levels will be reached which is at 8000 Sats. Once this one will break a new ATH will happen very shortly after. We are looking at a 300% upwards potential in the shortterm here.
- 1/3 R/R ratio.
- The bottom is after it has formed a double bottom.
- A new trend has been created and is being followed as we speak.
- The RSI is at the exact level where the last big up move started
- There are 3 different price action levels which form a resistance and will flip into support after they have been broken. The first level is 4200 sats, after that the road is clear up until 6400 sats. If 6400 breaks and flips into support the strongest of the resistance levels will be reached which is at 8000 Sats. Once this one will break a new ATH will happen very shortly after. We are looking at a 300% upwards potential in the shortterm here.
- 1/3 R/R ratio.
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