TradingView
rony.kris
Nov 18, 2017 5:25 AM

VTC in a bullish pennant 

Description

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 it'd test the fib0.786 resistance
Target 2 - if it manages to surpass that then i am sure it'll hit the previous ATH and may go beyond.

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

Thank you!

Comment

Please ignore the chart above.
More