Right now we are looking at a with many other signals in place. Let's take a look...
- We can see VETBTC trading above EMA200 (orange line / 0.007404), a strong resistance which rejected VETBTC before but now has been conquered.
- Significant increase in . The break above this resistance is backed up by above-average , this is a good indication that this break is valid.
- The is on the zone and trending up.
- The is strong on the side.
- VETBTC is easily trading above EMA10, 50, 100, and MA200. A strong impulse move can happen anytime while trying above these levels.
Conditions for change: If VETBTC moves down and closes below MA200 (0.005384), then the above signals become invalid. A new analysis is needed.
I hope you enjoyed this analysis.
Thanks a lot for reading.