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MyCryptoParadise
May 18, 2023 5:51 PM

Riding the Bullish Divergence in #VIDUSDTΒ Long

VIDT / TetherUSBinance

Description

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πŸ’ŽThe VIDUSDT 3-day chart is showing a promising bullish divergence formation on the MACD indicator. While the price currently sits below a minor downtrend trendline, a decisive daily break and close above this level could set the stage for a potential upward move. πŸ“ŠπŸš€

πŸ’ŽIn the event of an upside breakout, we anticipate a rapid price increase for #VIDUSDT, with a potential target towards the top of the triangle pattern and the previous demand zone. This would be a significant milestone for VID. πŸ”πŸ’°

πŸ’ŽHowever, it's important to consider alternative scenarios as well. A break below the triangle pattern could give more strength to the bears and potentially lead to a continuation of the downtrend. It's crucial to monitor the price action closely for any signs of a decisive breakout or breakdown. βš οΈπŸ”

As the market evolves, our team will provide you with timely updates and valuable insights on #VIDUSDT. Stay informed and prepared for potential trading opportunities! πŸ’ΌπŸ”₯
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Zestiria
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MyCryptoParadise
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