VITE/BTC { VITE } - BULLISH SETUP

15 באוג׳ 2021

ANALYSIS 🔎
- VITE/BTC was resisted by the descending trendline resistance.
- Price brokeout above the descending trendline resistance.
- This is a bullish signal.
- Price action printed the double bottom pattern.
- The double bottom is a bullish reversal pattern.
- Price brokeout above the double bottom neckline resistance.
- This is a bullish signal.
- Price action is printing an ascending triangle pattern at the right bottom.
- An ascending triangle is a bullish build up pattern.
- There's a breakout potential.

BUY ENTRY ⬆️
- Market entry: current market price.
- Stop limit entry: breakout above the ascending triangle's horizontal resistance (@0.00000214).
- Limit entry: test of the ascending triangle's inclined support.

TARGETS 🎯
- Horizontal resistance level (@0.00000351).
- Horizontal resistance level (@0.00000431).
- Horizontal resistance level (@0.00000506).
- Horizontal resistance level (@0.00000600).

SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's inclined support.