VIDTUSDT.P trade ideas
VIDT/USDT { VIDT DATALINK } - BULLISH SETUPANALYSIS 🔎
- VIDT/USDT is on an uptrend supported by the ascending trendline support.
The market hit a swing high and retraced.
- Price retesting the ascending trendline support and the key fibonacci retracement zone.
- There is a relatively high concentration of buyers at that zone.
- The retracement is resisted by the descending trendline resistance.
- Breakout above the descending trendline resistance could be an uptrend continuation signal.
BUY ENTRY ⬆️
- Aggressive entry (more profitable): current market price.
- Conservative entry (higher success rate): breakout above the horizontal resistance level (@1.0391) and the descending trendline resistance.
TARGETS 🎯
- Horizontal resistance level (@1.1743).
- Horizontal resistance level (@1.3599).
- Fibonacci extension level 1.0 (@1.5534).
SETUP INVALIDATION ❌
- Breakdown below the ascending trendline support and the horizontal support level (@0.9639).
VIDT's personal Armageddon If you've invested in $vidt at 1.8 dollars... then yesterday you probably shat your pants. During 9 days it dropped for more than 75 percent. (whole bear market condensed in few days). I would say, there is no reason to sell your vidt now. You are already fucked. If you've bought the dip, then you are lucky bastard (I am). Vidt is still a great project, European though, but great. I've increased my position. Now only sky is the limit :)
$VIDT Bullish Patterns // Daily 📈We either continue following an ascending triangle pattern or break down into a falling wedge. Both bullish patterns. I would like to see us stay above the dotted trend line and continue our upward trajectory📈🤝
Descending triangle, VIDT still bullish.Given how bullish we all are on VIDT, I think it's safe to say we can expect an upwards breakout from this descending triangle considering we are in a bull market and a lot of other coins are running. If you follow VIDT closely, you may have become aware of recent FUD regarding a potential token merger between LTO and VIDT in the future. It has already been clarified by LTO CEO that a merger will only happen IF IT BENEFITS BOTH VIDT AND LTO HODLERS. No need for worries, VIDT staking soon - 20% monthly token burn, good partnerships and use case, low maximum supply - very bullish on VIDT and we expect this to rocket to the moon very soon.
Volume is good
Still in accumulation zone, good time to buy. Been hovering around in this accumulation zone for 78 days.
Descending triangles can break upwards or downwards; but current bull market sentiment suggests upwards.
Edit: Have to throw this in. No matter what, the burn fundamentals suggest that VIDT has NO CHOICE but to moon in the future :)
VIDT preparing something :D !chart explains it pretty much.
but all oscillator are indicating bullish signs and i think it will do another 'scam pump' since it has very low volume
don't hesitate to leave me a suggestion for a future TA down in the comments thanks !
Be safe guys ! :D
