VTHO is in a sensitive state, the next few candles will determine the next trend, It made a new All Time High and pulled back on previous ATM (the first candle of chart) for 3rd time!
If it stays above 0.013 for the next 2 candles, I will enter with 5% stop loss and 100% profit target, hopefully within 2 weeks.
However this is not a financial advice and you...
Well it's a very simple and clear analysis without any strange indicators.
I have to mention that the worst scenario is that price goes below the lower support line (likely around 1$) to reach 0.6$, so be careful!
First, this is just a thought, So DO NOT invest what you can not afford to lose!
Second, There is an obvious divergence in price action that can result to a huge bullish rally.
Third, always set stop loss, no matter what, A small profit it better than a big loss!
- Long-term support line
- 20d MA support on daily chart
- Ichimoku buy signal on daily chart
- increasing volume
- Good looking MACD
I think it's ready for a new ATH,
Caution: It can break support line like NANO did today! set your Stop-Loss please!
SHIB has a strange behavior, it's a relatively new coin that has made it to #18 in coinmarketcap ranking (yesterday it was 28).
Where is it going?
I believe if it can break the triangle upward with acceptable volume it can go to the moon, but if the volume remains low ...
We'll see what happens ...