TheSignalyst

VLX - Potential Bullish Reversal!

Long
KUCOIN:VLXUSDT   Velas / Tether
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.

VLX is sitting around a strong demand zone in green so we will be looking for buy setups.

on Daily: VLX formed a valid wedge pattern in blue but it is not ready to go yet.

Trigger => Waiting for a momentum candle close above the last high in gray for the bulls to take over from a long-term perspective.

Meanwhile, since VLX is sitting inside our demand zone , we will be looking for buy setups on lower timeframes.

Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich

This analysis is done using RichTL
https://www.RichTL.com

Telegram
https://t.me/thesignalyst

Best Forex Broker
https://cutt.ly/TickmillReal

Best Crypto Exchange
https://cutt.ly/Kucoin9
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.