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 levels.
Keeping in mind that range trading could continue, break below the 200 Moving Average will invalidate this outlook.
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