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VCash Higher Highs, Higher Lows
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.
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.
註釋
First target $1.00註釋
getting ready to shoot註釋
strong resistance at $0.9註釋
Uptrend begins!註釋
VCash Price seems to be still quite cheap註釋
Rally should start shortly註釋
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註釋
$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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