#VIRTUAL HTF Analysis:
$VIRTUAL is trading inside a massive horizontal channel and has bounced nicely from the lower boundary, showing strong buying interest from the support area. $VIRTUAL has now pushed back above the 9 EMA and 50 SMA, adding further strength to the setup.
The key level to watch now is the upper boundary of the channel. If $VIRTUAL flips this resistance into support with a confirmed breakout, I’d be looking for a long entry, as that could trigger a fresh move higher.
$VIRTUAL is trading inside a massive horizontal channel and has bounced nicely from the lower boundary, showing strong buying interest from the support area. $VIRTUAL has now pushed back above the 9 EMA and 50 SMA, adding further strength to the setup.
The key level to watch now is the upper boundary of the channel. If $VIRTUAL flips this resistance into support with a confirmed breakout, I’d be looking for a long entry, as that could trigger a fresh move higher.