rony.kris

VTC bullish pennant formation

POLONIEX:VTCUSD   None
A tiny bullish pennant formation is seen in the daily chart . It has consolidated for long within this formation. MACD and RSI are looking good. I'd go long just when it appears to break out.
Target 1 - If it breaks out of the pennant there is a probability of it testing the fib0.618 resistance
Target 2 - if it manages to surpass the above then i am sure it'll hit the previous ATH -0.10% and may go beyond.

Therefore, look out for the breakout at $4.4 to go long and provide your feedback.

Thank you!