Analysis $VVV – Is it time to rise?
Technical view on the hourly frame (1H):
The VVV/USDT pair shows strong positive signs after stabilizing above key support levels. Here are the key points:
Trend: The price is currently trading above the upward trend line, supported by the EMA 200 moving average at the level of 6.10.
Indicators: We notice a positive crossover on the MACD indicator with the RSI indicator stabilizing in the buying strength area (64), indicating potential bullish momentum.
Proposed trading plan:
Entry: Around levels 6.33 - 6.25.
Targets (TP): First target at 6.58 then the main target at the previous peak 6.81.
Stop Loss (SL): Breaking the level of 6.08 and closing below it.
Advice: Stick to capital management and activate the stop loss, as the market is volatile.
$VVV $BTC
Technical view on the hourly frame (1H):
The VVV/USDT pair shows strong positive signs after stabilizing above key support levels. Here are the key points:
Trend: The price is currently trading above the upward trend line, supported by the EMA 200 moving average at the level of 6.10.
Indicators: We notice a positive crossover on the MACD indicator with the RSI indicator stabilizing in the buying strength area (64), indicating potential bullish momentum.
Proposed trading plan:
Entry: Around levels 6.33 - 6.25.
Targets (TP): First target at 6.58 then the main target at the previous peak 6.81.
Stop Loss (SL): Breaking the level of 6.08 and closing below it.
Advice: Stick to capital management and activate the stop loss, as the market is volatile.
$VVV $BTC
