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Vcash bouncing of a support line formed during its initial breakout. RSI and MFI all are overbought. MACD is on the low end but the histogram indicates a bullish reversal. BB bottom hit and bouncing of. It is on a down trend so I'd sell at the top of the BB unless it looks like it's really going to run upwards based on further analysis.
After the XVC-Runs, the Chart shows us a bearish flag...BUT it seems that theres a possible reversal nearly in front of us We are already above the Bottom again. If we break through the first bearish flag lvl, we could see a short sprint to the resistance / bullish confirmation line. Our Goal is to get this confirmation. As i always say, let the market confirm...
Im a very bullish trader i must admit, but i see a quick profit in this Vcash wedge
Early entry - red. Good entry - blue. Perfect entry - orange or lower. Mid term targets are 8000, 10400 and 27000 sats. Correlate your entry/exit with $BTC movements or coin’s updates, news, announcements, etc.