Big TimeLong
BIGTIME is trading above the visible range of the VPVR
If the price moves above the visible range of the VPVR (Volume Profile Visible Range), it indicates a significant bullish momentum and potential breakout.
The price has entered a low volume node (LVN) area
There's a possibility of continued upward movement due to lack of historical resistance in this new price range.
Anticipate either a strong continuation of the uptrend or a potential pullback to retest previous resistance levels, which may now act as support.
If BIGTIME is indeed support resistance flipping, we could see 30%, 80%, 300% upside.
Daily candle hasn't closed above the visible range yet.
If this is a fake-out, could consolidate back in the visible range and even revisit the bottom of the pattern.
The price has entered a low volume node (LVN) area
There's a possibility of continued upward movement due to lack of historical resistance in this new price range.
Anticipate either a strong continuation of the uptrend or a potential pullback to retest previous resistance levels, which may now act as support.
If BIGTIME is indeed support resistance flipping, we could see 30%, 80%, 300% upside.
Daily candle hasn't closed above the visible range yet.
If this is a fake-out, could consolidate back in the visible range and even revisit the bottom of the pattern.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.