VTC/USD - Will support hold?
We have a bounce at the 0.14 cents level on the daily after we broke down from diagonal support. This is a strong support area which was tested a year ago and a resistance turned support, see 2015. If we fall below this level then new lows are in the cards.
We need to bounce back at 0.25 cents level if we are to expect any recovery. Otherwise we may end up ranging or visiting new lows.
We need to bounce back at 0.25 cents level if we are to expect any recovery. Otherwise we may end up ranging or visiting new lows.
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