VTC - Breakout potential 60% gains

Hi all,

VTC looks interesting, if 55 EMA (yellow line) continues to act as support, then VTC can have a nice breakout from 0.00014 resistance and run for a nice 60% gains. Take profit at around 0.00022, if you are more risk adverse 0.00017 is a lower risk target to take profit after a breakout at just around 200 EMA resistance on 3 Day chart.

Only buy a breakout/confirmation of up-trend, there are two, high risk/medium risk. See the chart. VTC is a high risk coin with wide moves, so trade carefully.

Note that if our support breaks (55 EMA) then expect a longer cool down and wait for the next signal. In general VTC looks quite bullish on higher time-frames 3 days - 1 week. So it is likely we will have more gains.

This is not trading advice. Good luck.

Comment:

EMA 55 about to cross over EMA 200. This would set us up for long term gains, however watch BTC movements at 4k since that will set the tone in the market and especially VTC.

Comment:

If EMA 55 breaks, then VTC will go lower on the BTC ratio, note that BTC had an amazing run of 20% or over $1,000 gains in one day, VTC could not keep up unfortunately. I think this is because VTC lacks exposure to a high liquidity exchange.

Alternatively, VTC remains within the triangle (white lines) and breaks out with some delay to catch-up on the overall market that is up. If that happens you can do a high risk entry, but remember there is a resistance just above at 0.00014, so better wait for that to break before entering, then you're clear for 60% profit.

This is not trading advice. Good luck.

Comment:

EMA 55 support broken, next test is at EMA 100 and 0.00010 levels. Those should provide a good base for a new uptrend if they hold the price, if not, then we will go lower which should provide a good opportunity to buy VTC for a long entry.