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VCash Higher Highs, Higher Lows

POLONIEX:XVCUSD   Vcash / Dollar (calculated by TradingView)
VCash found the support at $0.14, that has been rejected two times in July and August. Although throughout past 3 months it hasn't been able to establish a trend while providing price spikes accompanied by a high trade volume .

However, during the past three weeks, VCash has shown an uptrend pattern, printing higher highs, and higher lows. In fact, it has rejected 200 Moving Average on each occasion of a correctional wave down.

It could be that VCash has finally established an uptrend and could start moving higher. While the first strong resistance could be at $1 psychological round number, the second target is seen at $1.36, supported by two Fibonacci retracement levels.

Keeping in mind that range trading could continue, break below the 200 Moving Average will invalidate this outlook.
評論: First target $1.00
評論: getting ready to shoot
評論: strong resistance at $0.9
評論: Uptrend begins!
評論: VCash Price seems to be still quite cheap
評論: Rally should start shortly
評論: Vcash at the resistance which is $0.9, break above required, then it should move towards $1 - $1.06
交易結束:目標達成: resistance at $1.06 closing for now
評論: $1.22 is a key resistance that has been rejected, watch it if breaks above trnd will continue, but at this point down
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Good prediction!
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